Critical Analysis: Palladyne AI (PDYN) versus Its Competitors

Palladyne AI (NASDAQ:PDYN) is one of 25 public companies in the “General industrial machinery,” industry, but how does it compare to its competitors? We will compare Palladyne AI to similar businesses based on the strength of its institutional ownership, risk, earnings, profitability, analyst recommendations, dividends and valuation.

Analyst Recommendations

This is a breakdown of recent ratings and target prices for Palladyne AI and its competitors, as provided by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Palladyne AI	0	0	0	0	N/A
Palladyne AI Competitors	95	274	383	8	2.40

As a group, “General industrial machinery,” companies have a potential upside of 28.43%. Given Palladyne AI’s competitors higher possible upside, analysts plainly believe Palladyne AI has less favorable growth aspects than its competitors.

Risk and Volatility

Palladyne AI has a beta of 3.42, indicating that its share price is 242% more volatile than the S&P 500. Comparatively, Palladyne AI’s competitors have a beta of 1.24, indicating that their average share price is 24% more volatile than the S&P 500.

Institutional and Insider Ownership

26.0% of Palladyne AI shares are held by institutional investors. Comparatively, 47.1% of shares of all “General industrial machinery,” companies are held by institutional investors. 12.0% of Palladyne AI shares are held by company insiders. Comparatively, 11.3% of shares of all “General industrial machinery,” companies are held by company insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company is poised for long-term growth.

Valuation and Earnings

This table compares Palladyne AI and its competitors top-line revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
Palladyne AI	$6.15 million	-$115.59 million	-0.40
Palladyne AI Competitors	$1.04 billion	-$10.65 million	-22.37

Palladyne AI’s competitors have higher revenue and earnings than Palladyne AI. Palladyne AI is trading at a higher price-to-earnings ratio than its competitors, indicating that it is currently more expensive than other companies in its industry.

Profitability

This table compares Palladyne AI and its competitors’ net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Palladyne AI	-1,390.02%	-74.87%	-57.30%
Palladyne AI Competitors	-284.56%	-485.82%	-30.04%

Summary

Palladyne AI competitors beat Palladyne AI on 6 of the 10 factors compared.

About Palladyne AI

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. The company's software platform enables robotic systems to perceive their environment and quickly adapt to changing circumstances by generalizing from their experience using dynamic real-time operations without extensive programming and with minimal robot training. It serves customers from various industries, such as industrial manufacturing, warehousing and logistics, defense, infrastructure maintenance and repair, energy, aerospace and aviation, and others. The company was formerly known as Sarcos Technology and Robotics Corporation and changed its name to Palladyne AI Corp. in March 2024. Palladyne AI Corp. was founded in 2017 and is headquartered in Salt Lake City, Utah.