In the latest trading session,, 0.42 million Palladyne AI Corp (NASDAQ:PDYN) shares changed hands as the company’s beta touched 3.75. With the company’s most recent per share price at $6.80 changing hands around $0.52 or 8.28% at last look, the market valuation stands at $242.85M. PDYN’s current price is a discount, trading about -119.85% 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 81.47% up since then. When we look at Palladyne AI Corp’s average trading volume, we note the 10-day average is 0.57 million shares, with the 3-month average coming to 2.62 million.
Palladyne AI Corp (NASDAQ:PDYN) trade information
Instantly PDYN is in green as seen in intraday trades today. With action 22.08%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -44.58%, with the 5-day performance at 22.08% in the green. However, in the 30-day time frame, Palladyne AI Corp (NASDAQ:PDYN) is 10.21% up. Looking at the short shares, we see there were 2.18 million shares sold at short interest cover period of 1.95 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%.
PDYN Dividends
Palladyne AI Corp is expected to release its next quarterly earnings report on 2025-Feb-19.
Palladyne AI Corp (NASDAQ:PDYN)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 29.21% of Palladyne AI Corp shares while 12.64% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 17.86%. There are 12.64% institutions holding the Palladyne AI Corp stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 2.3262% of the shares, roughly 0.62 million PDYN shares worth $0.99 million.
DELTA AIR LINES, INC. holds the second largest percentage of outstanding shares, with 1.4178% or 0.38 million shares worth $0.6 million as of 2024-06-30.
Among Mutual Funds, the top two as of Dec 31, 2024 were BlackRock Funds V-BlackRock Strategic Income Opportunities Portfolio and Blackrock Global Allocation Fund, Inc. . With 927.71 shares estimated at $6.22 million under it, the former controlled 2.60% of total outstanding shares. On the other hand, Blackrock Global Allocation Fund, Inc. held about 1.74% of the shares, roughly 620.78 shares worth around $4.17 million.
