Palladyne AI Corp [NASDAQ: PDYN] slipped around -0.41 points on Thursday, while shares priced at $3.55 at the close of the session, down -10.35%.
Compared to the average trading volume of 3.63M shares, PDYN reached a trading volume of 2042832 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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What do top market gurus say about 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 0.89, with the Price to Sales ratio for PDYN stock in the period of the last 12 months amounting to 13.76. The Price to Book ratio for the last quarter was 4.07, with the Price to Cash per share for the same quarter was set at 0.71.
How has PDYN stock performed recently?
Palladyne AI Corp [PDYN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -24.15. With this latest performance, PDYN shares gained by 63.59% in over the last four-week period, additionally plugging by 88.83% over the last 6 months – not to mention a rise of 496.64% 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 48.22, with the RSI for the last a single of trading hit 42.98, and the three-weeks RSI is set at 50.72 for Palladyne AI Corp [PDYN]. The present Moving Average for the last 50 days of trading for this stock 2.91, while it was recorded at 4.00 for the last single week of trading, and 2.04 for the last 200 days.
Palladyne AI Corp [PDYN]: Deeper insight into the 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.
