Thursday's ETF Movers: IWC, LIT
Written by Emily J. Thompson, Senior Investment Analyst
Source: NASDAQ.COM
ETF Performance: The Global X Lithium & Battery Tech ETF is underperforming, down approximately 0.7% in Thursday afternoon trading, with Tesla shares falling by about 1.7%.
Market Commentary: The opinions expressed in the article are those of the author and do not necessarily reflect the views of Nasdaq, Inc.
Analyst Views on PDYN
Wall Street analysts forecast PDYN stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PDYN is 11.00 USD with a low forecast of 11.00 USD and a high forecast of 11.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Analyst Rating
1 Buy
0 Hold
0 Sell
Moderate Buy
Current: 6.610
Low
11.00
Averages
11.00
High
11.00
Current: 6.610
Low
11.00
Averages
11.00
High
11.00
About PDYN
Palladyne AI Corp. is a developer of artificial intelligence software for robotic platforms in the industrial and defense sectors. The Company’s advanced artificial intelligence (AI) and machine learning (ML) software seeks to revolutionize the capabilities of robots, enabling them to observe, learn, reason, and act in a manner akin to human intelligence. Its AI and ML software platform empowers robots to perceive variations or changes in the real-world environment, enabling them to autonomously maneuver and manipulate objects accurately in response. The Palladyne AI software solution operates on the edge and reduces the significant effort required to program and deploy robots, enabling industrial robots and collaborative robots (cobots) to achieve autonomous capabilities even in dynamic or complex environments. Its software has various applications, including in industries, such as automotive, aviation, construction, defense, general manufacturing, and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
