Presto Automation Inc (NASDAQ:PRST) Could Shrink By -87.83% Or More

In recent trading session, Presto Automation Inc (NASDAQ:PRST) saw 1.14 million shares changing hands at last check today with its beta currently measuring 1.39. Company’s recent per share price level of $0.06 trading at -$0.01 or -2.12% at last check today assigns it a market valuation of $10.28M. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 12.39 million shares which gives us an average trading volume of 21.99 million if we extend that period to 3-months.

For Presto Automation Inc (PRST), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 3.00. Splitting up the data highlights that, out of 1 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 1 see the stock as a Buy. 0 analyst(s) advised it as an Underweight.

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Presto Automation Inc (NASDAQ:PRST) trade information

Upright in the red during last session for losing -2.12%, in the last five days PRST remained trading in the red while hitting it’s week-highest on Monday, 07/22/24 when the stock touched $0.06 price level, adding 17.81% to its value on the day. Presto Automation Inc’s shares saw a change of -87.83% in year-to-date performance and have moved -3.14% in past 5-day. Presto Automation Inc (NASDAQ:PRST) showed a performance of -26.64% in past 30-days. Number of shares sold short was 1.82 million shares which calculate 0.08 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 5 to the stock, which implies a rise of 98.8% to its recent value today. Analysts have been projecting 5 as a low price target for the stock while placing it at a high target of 5. It follows that stock’s current price would drop -8233.33% in reaching the projected high whereas dropping to the targeted low would mean a loss of -8233.33% for stock’s current value.

Presto Automation Inc (PRST) estimates and forecasts

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -827.96% during past 5 years.

Presto Automation Inc (NASDAQ:PRST)’s Major holders

Insiders are in possession of 26.62% of company’s total shares while institution are holding 11.85 percent of that, with stock having share float percentage of 16.14%. Investors also watch the number of corporate investors in a company very closely, which is 11.85% institutions for Presto Automation Inc that are currently holding shares of the company.