Palladyne AI Corp. Stock Price Drops 4.1% Amidst Declining Trading Volume

Palladyne AI Corp. (NASDAQ:PDYN) experienced a 4.1% decline in its stock price on Monday, as trading volume dropped by 46% compared to the average session volume. The stock reached a low of $2.00 and closed at $2.10, after previously ending the day at $2.19. A total of 306,604 shares were traded during the session.

Palladyne AI’s 50-day moving average stands at $1.84. The company recently announced its quarterly earnings results on August 7th, reporting an EPS of ($0.20) for the quarter. It generated $2.71 million in revenue during the same period. Palladyne AI recorded a negative net margin of 893.88% and a negative return on equity of 62.26%.

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