Palladyne AI (NASDAQ:PDYN) Trading Down 4.1% – Should You Sell?

Palladyne AI Corp. (NASDAQ:PDYNGet Free Report)’s stock price traded down 4.1% on Monday . The stock traded as low as $2.00 and last traded at $2.10. 306,604 shares changed hands during trading, a decline of 46% from the average session volume of 562,694 shares. The stock had previously closed at $2.19.

Palladyne AI Price Performance

The company’s 50 day moving average is $1.84.

Palladyne AI (NASDAQ:PDYNGet Free Report) last announced its quarterly earnings results on Wednesday, August 7th. The company reported ($0.20) earnings per share (EPS) for the quarter. The business had revenue of $2.71 million during the quarter. Palladyne AI had a negative net margin of 893.88% and a negative return on equity of 62.26%.

Palladyne AI Company Profile

(Get Free Report)

Palladyne AI Corp., a software company, focuses on delivering software that enhances the utility and functionality of third-party stationary and mobile robotic systems in the United States. Its Artificial Intelligence (AI)/ Machine Learning (ML) software platform enables robots to observe, learn, reason, and act in structured and unstructured environments.

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