During the recent session, Peraso Inc (NASDAQ:PRSO)’s traded shares were 1.88 million, with the beta value of the company hitting 1.74. At the last check today, the stock’s price was $1.68, reflecting an intraday loss of -13.03% or -$0.25. The 52-week high for the PRSO share is $15.66, that puts it down -832.14 from that peak though still a striking 31.55% gain since the share price plummeted to a 52-week low of $1.15. The company’s market capitalization is $4.61M, and the average intraday trading volume over the past 10 days was 0.17 million shares, and the average trade volume was 78.30K shares over the past three months.
Peraso Inc (PRSO) received a consensus recommendation of Hold from analysts. That translates to a mean rating of 1.00. PRSO has a Sell rating from 0 analyst(s) out of 1 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 0 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.23.
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Peraso Inc (NASDAQ:PRSO) trade information
Peraso Inc (PRSO) registered a -13.03% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -13.03% in intraday trading to $1.68, hitting a weekly high. The stock’s 5-day price performance is -9.75%, and it has moved by 12.66% in 30 days. Based on these gigs, the overall price performance for the year is -69.57%. The short interest in Peraso Inc (NASDAQ:PRSO) is 0.19 million shares and it means that shorts have 1.74 day(s) to cover.
The consensus price target of analysts on Wall Street is $4, which implies an increase of 58.0% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $4 and $4 respectively. As a result, PRSO is trading at a discount of -138.1% off the target high and -138.1% off the low.
Peraso Inc (PRSO) estimates and forecasts
Statistics show that Peraso Inc has outperformed its competitors in share price, compared to the industry in which it operates. Peraso Inc (PRSO) shares have gone up 19.90% during the last six months, with a year-to-date growth rate more than the industry average at 92.96% against 18.40. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 85.60% this quarter and then jump 99.20% in the quarter after that. In the rating firms’ projections, revenue will increase 15.20% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 4.04M as predicted by 3 analyst(s). Meanwhile, a consensus of 3 analyst(s) estimates revenue growth to 4.74M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 4.48M and 1.83M respectively. In this case, analysts expect current quarter sales to shrink by -9.80% and then jump by 158.70% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 46.50%. While earnings are projected to return 91.41% in 2024, the next five years will return 30.00% per annum.
PRSO Dividends
Peraso Inc is due to release its next quarterly earnings on 2024-Nov-12. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Peraso Inc (NASDAQ:PRSO)’s Major holders
Peraso Inc insiders own 7.67% of total outstanding shares while institutional holders control 11.62%, with the float percentage being 12.58%.
Also, the Mutual Funds coming in first place with the largest holdings of Peraso Inc (PRSO) shares are Vanguard Total Stock Market Index Fund and Fidelity Extended Market Index Fund. Data provided on Jun 30, 2023 indicates that Vanguard Total Stock Market Index Fund owns about 452.58 shares. This amounts to just over 2.02 percent of the company’s overall shares, with a $0.22 million market value. The same data shows that the other fund manager holds slightly less at 30.55, or about 0.14% of the stock, which is worth about $29839.0.
