Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
Palladyne AI Corp (NASDAQ: PDYN) closed the day trading at $8.00 down -4.65% from the previous closing price of $8.39. In other words, the price has decreased by -$4.65 from its previous closing price. On the day, 3.39 million shares were traded.
Ratios:
For a better understanding of PDYN, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 9.62 and its Current Ratio is at 9.64.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Alliance Global Partners on January 27, 2025, initiated with a Buy rating and assigned the stock a target price of $15.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Oct 31 ’24 when WEIBLING DENNIS M bought 215,053 shares for $2.20 per share. The transaction valued at 473,117 led to the insider holds 389,884 shares of the business.
Wolff Benjamin G bought 107,526 shares of PDYN for $236,557 on Oct 31 ’24. The PRESIDENT & CEO now owns 107,526 shares after completing the transaction at $2.20 per share. On Jun 28 ’24, another insider, GARAGIC DENIS, who serves as the CHIEF TECHNOLOGY OFFICER of the company, bought 1,000 shares for $1.55 each. As a result, the insider paid 1,550 and bolstered with 553,743 shares of the company.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 30.92.
Stock Price History:
Over the past 52 weeks, PDYN has reached a high of $14.95, while it has fallen to a 52-week low of $0.51. The 50-Day Moving Average of the stock is 0.32%, while the 200-Day Moving Average is calculated to be 125.21%.
Shares Statistics:
A total of 33.88M shares are outstanding, with a floating share count of 19.49M. Insiders hold about 35.26% of the company’s shares, while institutions hold 8.70% stake in the company.
