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

In the last trading session, 6.23 million Palladyne AI Corp (NASDAQ:PDYN) shares changed hands as the company’s beta touched 3.82. With the company’s per share price at $8.81 changed hands at -$0.66 or -6.97% during last session, the market valuation stood at $314.64M. PDYN’s last price was a discount, traded about -69.69% off its 52-week high of $14.95. The share price had its 52-week low at $1.38, which suggests the last value was 84.34% up since then. When we look at Palladyne AI Corp’s average trading volume, we note the 10-day average is 2.81 million shares, with the 3-month average coming to 1.94 million.

Palladyne AI Corp (NASDAQ:PDYN) trade information

Instantly PDYN was in red as seen at the end of in last trading. With action 1.73%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 437.20%, with the 5-day performance at 1.73% in the green. However, in the 30-day time frame, Palladyne AI Corp (NASDAQ:PDYN) is 17.47% up. Looking at the short shares, we see there were 3.5 million shares sold at short interest cover period of 1.08 days.

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 increase by 175.64%.

PDYN Dividends

Palladyne AI Corp is expected to release its next quarterly earnings report on 2025-May-07.

Palladyne AI Corp (NASDAQ:PDYN)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 29.55% of Palladyne AI Corp shares while 17.44% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 24.76%. There are 17.44% 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.