Why Invest In Palladyne AI Corp (PDYN) Stock?

Palladyne AI Corp (NASDAQ:PDYN) has a beta value of 4.30 and has seen 5.67 million shares traded in the last trading session. The company, currently valued at $124.50M, closed the last trade at $4.23 per share which meant it gained $0.76 on the day or 21.90% during that session. The PDYN stock price is -87.47% off its 52-week high price of $7.93 and 89.36% above the 52-week low of $0.45. If we look at the company’s 10-day average daily trading volume, we find that it stood at 3.26 million shares traded. The 3-month trading volume is 3.70 million shares.

Palladyne AI Corp (NASDAQ:PDYN) trade information

Sporting 21.90% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the PDYN stock price touched $4.23 or saw a rise of 7.03%. Year-to-date, Palladyne AI Corp shares have moved 486.44%, while the 5-day performance has seen it change 7.09%. Over the past 30 days, the shares of Palladyne AI Corp (NASDAQ:PDYN) have changed 131.15%. Short interest in the company has seen 0.53 million shares shorted with days to cover at 0.34.

Palladyne AI Corp (PDYN) estimates and forecasts

The company’s shares have gained 143.10% over the past 6 months.

PDYN Dividends

Palladyne AI Corp is expected to release its next earnings report in January this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

Also the top two Mutual Funds that are holding company’s shares are BlackRock Funds II-BlackRock Strategic Income Opportunities Portfolio and Vanguard Total Stock Market Index Fund . As of Sep 30, 2024 , the former fund manager holds about 3.08% shares in the company for having 927.71 shares of worth $3.92 million while later fund manager owns 406.37 shares of worth $1.72 million as of Sep 30, 2024 , which makes it owner of about 1.35% of company’s outstanding stock.