Palladyne AI Corp (NASDAQ: PDYN)’s stock price has decreased by -11.43 compared to its previous closing price of 4.46. However, the company has seen a -33.28% decrease in its stock price over the last five trading sessions. businesswire.com reported 2024-10-31 that SALT LAKE CITY–(BUSINESS WIRE)–Palladyne AI Corp. (NASDAQ: PDYN and PDYNW) (“Palladyne AI”), a developer of artificial intelligence software for robotic platforms in the commercial and defense sectors, today announced that it has entered into a securities purchase agreement with a single institutional investor for the issuance and sale of 2,790,700 shares of its common stock (the “shares”) in a registered direct offering at a purchase price of $2.15 per share. In a concurrent private placemen.
Is It Worth Investing in Palladyne AI Corp (NASDAQ: PDYN) Right Now?
Moreover, the 36-month beta value for PDYN is 4.27. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 1 as “hold,” and 0 as “sell.”
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The public float for PDYN is 15.49M and currently, short sellers hold a 3.07% of that float. On December 10, 2024, PDYN’s average trading volume was 3.52M shares.
PDYN’s Market Performance
The stock of Palladyne AI Corp (PDYN) has seen a -33.28% decrease in the past week, with a 82.87% rise in the past month, and a 150.00% gain in the past quarter. The volatility ratio for the week is 19.87%, and the volatility levels for the past 30 days are at 29.03% for PDYN. The simple moving average for the last 20 days is 5.21% for PDYN stock, with a simple moving average of 97.09% for the last 200 days.
PDYN Trading at 41.88% from the 50-Day Moving Average
After a stumble in the market that brought PDYN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -50.19% of loss for the given period.
Volatility was left at 29.03%, however, over the last 30 days, the volatility rate increased by 19.87%, as shares surge +88.10% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +119.44% upper at present.
During the last 5 trading sessions, PDYN fell by -33.28%, which changed the moving average for the period of 200-days by +568.81% in comparison to the 20-day moving average, which settled at $3.75. In addition, Palladyne AI Corp saw 447.62% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at PDYN starting from WEIBLING DENNIS M, who purchase 215,053 shares at the price of $2.20 back on Oct 31 ’24. After this action, WEIBLING DENNIS M now owns 389,884 shares of Palladyne AI Corp, valued at $473,117 using the latest closing price.
Wolff Benjamin G, the PRESIDENT & CEO of Palladyne AI Corp, purchase 107,526 shares at $2.20 during a trade that took place back on Oct 31 ’24, which means that Wolff Benjamin G is holding 107,526 shares at $236,557 based on the most recent closing price.
Stock Fundamentals for PDYN
Current profitability levels for the company are sitting at:
- -7.4 for the present operating margin
- 0.48 for the gross margin
The net margin for Palladyne AI Corp stands at -7.22. The total capital return value is set at -1.7. Equity return is now at value -112.73, with -83.57 for asset returns.
Currently, EBITDA for the company is -78.64 million with net debt to EBITDA at 0.29. When we switch over and look at the enterprise to sales, we see a ratio of 14.03. The receivables turnover for the company is 3.54for trailing twelve months and the total asset turnover is 0.2. The liquidity ratio also appears to be rather interesting for investors as it stands at 5.02.
Conclusion
To wrap up, the performance of Palladyne AI Corp (PDYN) has been better in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
