In today’s recent session, 1.13 million shares of the Palladyne AI Corp (NASDAQ:PDYN) have been traded, and its beta is 3.79. Most recently the company’s share price was $7.98, and it changed around $0.55 or 7.40% from the last close, which brings the market valuation of the company to $284.99M. PDYN at last check was trading at a discount to its 52-week high of $14.95, offering almost -87.34% off that amount. The share price’s 52-week low was $1.38, which indicates that the recent value has risen by an impressive 82.71% since then. We note from Palladyne AI Corp’s average daily trading volume that its 10-day average is 2.17 million shares, with the 3-month average coming to 1.56 million.
Palladyne AI Corp stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 1 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 0 recommended PDYN as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight.
Palladyne AI Corp (NASDAQ:PDYN) trade information
Instantly PDYN has been showing a green trend so far today with a performance of 7.40% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 8.42 on recent trading dayincreased the stock’s daily price by 5.23%. The company’s shares are currently down -34.96% year-to-date, but still up 6.68% over the last five days. On the other hand, Palladyne AI Corp (NASDAQ:PDYN) is 27.07% up in the 30-day period. We can see from the shorts that 2.38 million shares have been sold at a short interest cover period of 2.96 day(s).
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 7.09%.
PDYN Dividends
Palladyne AI Corp’s next quarterly earnings report is expected to be released on 2025-May-06.
Palladyne AI Corp (NASDAQ:PDYN)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 29.16% of Palladyne AI Corp shares, and 17.36% of them are in the hands of institutional investors. The stock currently has a share float of 24.50%. Palladyne AI Corp stock is held by 81.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 2.3262% of the shares, which is about 0.62 million shares worth $0.99 million.
DELTA AIR LINES, INC., with 1.4178% or 0.38 million shares worth $0.6 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
BlackRock Funds V-BlackRock Strategic Income Opportunities Portfolio and Blackrock Global Allocation Fund, Inc. were the top two Mutual Funds as of Dec 31, 2024 . The former held 927.71 shares worth $7.3 million, making up 2.60% of all outstanding shares. On the other hand, Blackrock Global Allocation Fund, Inc. held roughly 620.78 shares worth around $4.89 million, which represents about 1.74% of the total shares outstanding.
