Strike while the iron is hot, especially when it comes to Palladyne AI Corp (PDYN). This tech stock, nestled in the Software - Infrastructure industry, is catching the eye of savvy investors with its intriguing technical setup. Despite a challenging year marked by a net income loss of 115.6M, PDYN's stock has shown resilience, bouncing between a 52-week low of $0.45 and a high of $14.05. The stock's beta of 3.301 suggests significant volatility, which could appeal to those with a higher risk tolerance. Currently, the stock is trading around its day typical price of $11.36, hovering near its valuation hype value of $11.53. With a short ratio of 0.34, there's a hint of bearish sentiment, but the overall analyst consensus remains a cautious 'Hold'. For those looking to capitalize on momentum, PDYN's market facilitation index of 5.8 and period momentum indicator of 4.48 might signal potential opportunities. As always, thorough due diligence is key before making any investment decisions. Many baby boomers may not be particularly interested in the electronic equipment, instruments, and components sector, but it's worth taking a fresh look at Palladyne AI Corp in light of current market trends. Despite recent fluctuations in its stock price reflecting broader market conditions, we remain optimistic about a potential recovery. The company's strong fundamental indicators suggest a possible short-term price increase for investors. Notably, Palladyne recently changed its stock symbol from STRC on April 8, 2024.
Using predictive
technical analysis, we can analyze different prices and returns patterns and
diagnose historical swings to determine the real value of Palladyne AI Corp. In general, sophisticated investors focus on analyzing Palladyne stock price patterns and their correlations with different microeconomic environment and drivers. They apply predictive analytics to build Palladyne's daily price indicators and compare them against related drivers such as
momentum indicators and various other types of predictive indicators. Using this methodology combined with a more conventional
technical analysis and
fundamental analysis, we attempt to find the most accurate representation of
Palladyne's intrinsic value. In addition to deriving basic predictive indicators for Palladyne, many experienced traders also check how macroeconomic factors affect Palladyne price patterns. Please read more on our
technical analysis page or use our predictive modules below to complement your research.
Sophisticated investors, who have witnessed
many market ups and downs, anticipate that the market will even out over time. This tendency of Palladyne's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
How does Palladyne utilize its cash?
Palladyne reported last year
Change In Working Capital of
(4.8 Million). To perform a cash flow analysis of Palladyne, investors first need to understand how to read the cash flow statement. A cash flow statement shows the amount of cash Palladyne is receiving and how much cash it distributes out in a given period. The Palladyne cash flow statement breaks down these inflows and outflows into different buckets, including operating activities, investing activities, and financing activities.
Palladyne Gross Profit
Palladyne Gross Profit growth is one of the most critical measures in evaluating the company. The Gross Profit growth rate is calculated simply by comparing Palladyne previous period's values with its current period's values. Each time period you're measuring should be of equal lengths the increase or decrease, in a company's Gross Profit between two periods. Here we show Palladyne Gross Profit growth over the last 10 years. Please check Palladyne's
gross profit and other
fundamental indicators for more details.
Closer look at Palladyne Standard Deviation
Palladyne AI Corp has current Standard Deviation of 22.61. The Standard Deviation is a measure of how spread out the prices or returns of an asset are on average. It is the most widely used risk indicator in the field of investing and finance. Standard Deviation is commonly used to measure confidence in statistical conclusions regarding certain equity instruments or portfolios of equities.
Standard deviation is applied to the annual rate of return of an investment to measure the investment's volatility.
Standard deviation is also known as historical volatility and is used by investors as a gauge for the amount of expected market volatility. A large standard deviation usually indicates that the data points are far from the mean and a small standard deviation indicates that they are clustered closely around the mean.
Standard Deviation | = | SQRT(V) |
| = | 22.61 |
Let's now compare Palladyne Standard Deviation to its closest peers:
| PDYN | 22.609754625199876 |
| NL | 3.1 |
| LXFR | 2.6 |
| SEE | 1.56 |
| HWKN | 2.7 |
Buy low, sell high is a timeless strategy, and Palladyne AI Corp (PDYN) might just be the opportunity savvy investors are seeking. With a 52-week low of $0.45 and a high of $14.05, the stock has shown significant volatility, which could appeal to those looking for potential upside. However, investors should be cautious of the company's financial health, as it reported a net income loss of $115.6 million. The stock's beta of 3.3 indicates high volatility compared to the market, suggesting that while there is potential for substantial gains, the risks are equally pronounced. With insiders holding 51.13% of shares, there is a strong internal belief in the company's future, but the high price-to-book ratio of 15.13X suggests the stock may be overvalued, warranting careful consideration before diving in..
Can Palladyne build up on the recent roll up?
Palladyne AI Corp has recently piqued investor interest with a potential upside of 47.57%, raising questions about its ability to maintain this momentum. This promising figure indicates that Palladyne's strategic moves, such as acquisitions or tech advancements, are positively impacting the market. As the company continues to integrate and optimize its resources, investors are eager to see if Palladyne can leverage this growth path and fulfill its innovation and expansion goals.
However, Palladyne's stock is experiencing higher-than-average volatility. Understanding these volatility trends can help investors make informed decisions.
During bear markets, increased volatility can significantly affect Palladyne's stock price, causing concern among investors. This often leads to portfolio adjustments, as investors seek to diversify their holdings in response to falling prices.Palladyne AI Corp's impressive performance today, despite a generally sluggish market, highlights its potential as a resilient investment. While the overall analyst consensus remains a "Hold," the stock's ability to advance in a declining market suggests underlying strength that could appeal to investors seeking opportunities in the AI sector. With a valuation market value of
11.77 and a real value of
5.39, Palladyne's current market dynamics might offer a compelling case for those willing to navigate its volatility. As always, it's crucial to weigh these factors against your investment strategy and risk tolerance..
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Rifka Kats is a Member of Macroaxis Editorial Board. Rifka writes about retail product and service companies from the perspective of a regular consumer and sophisticated investor at the same time. She is passionate about corporate ethics and equality in the workforce.
View Profile This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Rifka Kats do not own shares of Palladyne AI Corp. Please refer to our
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