Now Is The Time To Build A Position In Palladyne AI Corp (NASDAQ:PDYN)

In the last trading session, 3.46 million Palladyne AI Corp (NASDAQ:PDYN) shares changed hands as the company’s beta touched 3.83. With the company’s per share price at $7.71 changed hands at -$0.8 or -9.40% during last session, the market valuation stood at $232.17M. PDYN’s last price was a discount, traded about -93.9% off its 52-week high of $14.95. The share price had its 52-week low at $0.45, which suggests the last value was 94.16% up since then. When we look at Palladyne AI Corp’s average trading volume, we note the 10-day average is 7.87 million shares, with the 3-month average coming to 9.32 million.

Palladyne AI Corp (NASDAQ:PDYN) trade information

Instantly PDYN was in red as seen at the end of in last trading. With action -18.24%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -37.16%, with the 5-day performance at -18.24% in the red. However, in the 30-day time frame, Palladyne AI Corp (NASDAQ:PDYN) is -37.16% down. Looking at the short shares, we see there were 0.53 million shares sold at short interest cover period of 0.34 days.

Consensus estimates given by 1 financial analysts project the company’s revenue in the current quarter to hit an average of 1.32M. 1 analysts are of the opinion that Palladyne AI Corp’s revenue for the current quarter will be 1.36M.

PDYN Dividends

Palladyne AI Corp is expected to release its next quarterly earnings report in March.

Among Mutual Funds, the top two as of Sep 30, 2024 were BlackRock Funds II-BlackRock Strategic Income Opportunities Portfolio and BlackRock Global Allocation Fund . With 927.71 shares estimated at $7.15 million under it, the former controlled 3.08% of total outstanding shares. On the other hand, BlackRock Global Allocation Fund held about 2.06% of the shares, roughly 620.78 shares worth around $4.79 million.