A Review of Peraso Inc (NASDAQ: PRSO)’s Performance and Growth Prospects

In the last trading session, 1.35 million Peraso Inc (NASDAQ:PRSO) shares changed hands as the company’s beta touched 1.92. With the company’s per share price at $1.67 changed hands at -$0.17 or -9.28% during last session, the market valuation stood at $1.20M. PRSO’s last price was a discount, traded about -3061.68% off its 52-week high of $52.80. The share price had its 52-week low at $1.51, which suggests the last value was 9.58% up since then. When we look at Peraso Inc’s average trading volume, we note the 10-day average is 0.27 million shares, with the 3-month average coming to 36.43.

Peraso Inc (NASDAQ:PRSO) trade information

Instantly PRSO was in red as seen at the end of in last trading. With action -45.27%, the performance over the past five days has been red. The drop to weekly highs of 2.3000 subtracted -9.28% to the stock’s daily price. The company’s shares are showing year-to-date downside of -85.07%, with the 5-day performance at -45.27% in the red. However, in the 30-day time frame, Peraso Inc (NASDAQ:PRSO) is -74.24% down. Looking at the short shares, we see there were 19050.0 shares sold at short interest cover period of 1.31 days.

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Peraso Inc (PRSO) estimates and forecasts

Data shows that the Peraso Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -89.57% over the past 6 months, a 54.52% in annual growth rate that is considerably higher than the industry average of 8.60%. Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2024 revenue estimates. The rating firms predict current quarter revenue for Peraso Inc will rise 27.70%, while the growth in revenue is estimated to hit 48.90% for the next quarter. Year-over-year growth is forecast to reach -8.50% down from the last financial year.

Consensus estimates given by 2 financial analysts project the company’s revenue in the current quarter to hit an average of $1.7 million. 2 analysts are of the opinion that Peraso Inc’s revenue for the quarter ending Mar 2024 will be $3.72 million. The company’s revenue for the corresponding quarters a year ago was $3.89 million and $5.03 million respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -56.30%. The estimates for the next quarter sales put growth at -26.10%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 43.90%. The 2024 estimates are for Peraso Inc earnings to increase by 54.52%, but the outlook for the next 5-year period is at 30.00% per year.

PRSO Dividends

Peraso Inc is expected to release its next quarterly earnings report between March 20 and March 25.

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