In the latest trading session, 0.47 million Palladyne AI Corp (NASDAQ:PDYN) shares changed hands as the company’s beta touched 3.66. With the company’s most recent per share price at $7.70 changing hands around $0.32 or 4.27% at last look, the market valuation stands at $271.01M. PDYN’s current price is a discount, trading about -94.16% off its 52-week high of $14.95. The share price had its 52-week low at $1.26, which suggests the last value was 83.64% up since then. When we look at Palladyne AI Corp’s average trading volume, we note the 10-day average is 2.06 million shares, with the 3-month average coming to 8.13 million.
Palladyne AI Corp (NASDAQ:PDYN) trade information
Instantly PDYN is in green as seen in intraday trades today. With action 20.42%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -37.29%, with the 5-day performance at 20.42% in the green. However, in the 30-day time frame, Palladyne AI Corp (NASDAQ:PDYN) is -26.85% down. Looking at the short shares, we see there were 3.67 million shares sold at short interest cover period of 0.76 days.
Palladyne AI Corp (PDYN) estimates and forecasts
Year-over-year growth is forecast to reach -21.46% down from the last financial year.
Consensus estimates given by 1 financial analysts project the company’s revenue in the current quarter to hit an average of 1.36M. 1 analysts are of the opinion that Palladyne AI Corp’s revenue for the current quarter will be 1.43M.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 7.09%. The 2025 estimates are for Palladyne AI Corp earnings to decrease by -125.45%.
Palladyne AI Corp (NASDAQ:PDYN)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 32.84% of Palladyne AI Corp shares while 12.80% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 19.06%.
Among Mutual Funds, the top two as of Dec 31, 2024 were BlackRock Funds II-BlackRock Strategic Income Opportunities Portfolio and BlackRock Global Allocation Fund. With 927.71 shares estimated at $6.99 million under it, the former controlled 2.63% of total outstanding shares. On the other hand, BlackRock Global Allocation Fund held about 1.76% of the shares, roughly 620.78 shares worth around $4.68 million.
