Palladyne AI Corp [NASDAQ: PDYN] stock went on a downward path that fall over -8.36% on Monday, amounting to a one-week price increase of more than 28.70%.
Over the last 12 months, PDYN stock rose by 812.17%. The one-year Palladyne AI Corp stock forecast points to a potential downside of -492.0. The average equity rating for PDYN stock is currently 3.00, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $216.06 million, with 26.86 million shares outstanding and 15.49 million shares in the current float. Compared to the average trading volume of 3.20M shares, PDYN stock reached a trading volume of 7682497 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Palladyne AI Corp [PDYN]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for PDYN shares is $1.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on PDYN stock is a recommendation set at 3.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
The Average True Range (ATR) for Palladyne AI Corp is set at 0.98, with the Price to Sales ratio for PDYN stock in the period of the last 12 months amounting to 27.81. The Price to Book ratio for the last quarter was 6.79, with the Price to Cash per share for the same quarter was set at 0.58.
PDYN Stock Performance Analysis:
Palladyne AI Corp [PDYN] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 28.70. With this latest performance, PDYN shares gained by 188.78% in over the last four-week period, additionally plugging by 225.27% over the last 6 months – not to mention a rise of 812.17% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for PDYN stock in for the last two-week period is set at 66.64, with the RSI for the last a single of trading hit 66.18, and the three-weeks RSI is set at 66.40 for Palladyne AI Corp [PDYN]. The present Moving Average for the last 50 days of trading for this stock 2.49, while it was recorded at 5.87 for the last single week of trading, and 1.90 for the last 200 days.
Insight into Palladyne AI Corp Fundamentals:
Palladyne AI Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 5.02 and a Current Ratio set at 5.02.
