The price of Palladyne AI Corp (NASDAQ:PDYN) shares last traded on Wall Street rose 13.08% to $13.31.
PDYN stock price is now 263.76% away from the 50-day moving average and 488.59% away from the 200-day moving average. The market capitalization of the company currently stands at $647.10M.
In other news, WEIBLING DENNIS M, Director bought 215,053 shares of the company’s stock on Oct 31 ’24. The stock was bought for $473,117 at an average price of $2.20. Upon completion of the transaction, the Director now directly owns 389,884 shares in the company, valued at $5.19 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 31 ’24, PRESIDENT & CEO Wolff Benjamin G bought 107,526 shares of the business’s stock. A total of $236,557 was incurred on buying the stock at an average price of $2.20. This leaves the insider owning 107,526 shares of the company worth $1.43 million. A total of 40.27% of the company’s stock is owned by insiders.
During the past 12 months, Palladyne AI Corp has had a low of $0.45 and a high of $14.05. As of last week, the company has a debt-to-equity ratio of 0.49, a current ratio of 5.02, and a quick ratio of 5.02. The fifty day moving average price for PDYN is $3.4372 and a two-hundred day moving average price translates $2.201125 for the stock.
The latest earnings results from Palladyne AI Corp (NASDAQ: PDYN) was released for 2024-06-30. The net profit margin was -722.22% and return on equity was -112.73% for PDYN. The company reported revenue of $0.87 million for the quarter, compared to $1.83 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -52.33 percent.
