Peraso Inc (NASDAQ:PRSO) has a beta value of 1.74 and has seen 2.11 million shares traded in the last trading session. The company, currently valued at $5.03M, closed the last trade at $1.88 per share which meant it lost -$0.05 on the day or -2.59% during that session. The PRSO stock price is -732.98% off its 52-week high price of $15.66 and 38.83% above the 52-week low of $1.15. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.38 million shares traded. The 3-month trading volume is 78.30K shares.
The consensus among analysts is that Peraso Inc (PRSO) is Hold stock at the moment, with a recommendation rating of 1.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 1 out of 1 have rated it as a Hold, with 0 advising it as a Buy. 0 have rated the stock as Underweight.
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Peraso Inc (NASDAQ:PRSO) trade information
Sporting -2.59% in the red in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the PRSO stock price touched $1.88 or saw a rise of 19.66%. Year-to-date, Peraso Inc shares have moved -83.19%, while the 5-day performance has seen it change 1.08%. Over the past 30 days, the shares of Peraso Inc (NASDAQ:PRSO) have changed 26.17%. Short interest in the company has seen 0.19 million shares shorted with days to cover at 1.74.
Wall Street analysts have a consensus price target for the stock at $4, which means that the shares’ value could jump 53.0% from current levels. The projected low price target is $4.0 while the price target rests at a high of $4.0. In that case, then, we find that the current price level is -112.77% off the targeted high while a plunge would see the stock gain -112.77% from current levels.
Peraso Inc (PRSO) estimates and forecasts
Figures show that Peraso Inc shares have outperformed across the wider relevant industry. The company’s shares have gained 34.29% over the past 6 months, with this year growth rate of 92.96%, compared to 18.80% for the industry.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 46.50% over the past 5 years. Earnings growth for 2024 is a modest 91.41% while over the next 5 years, the company’s earnings are expected to increase by 30.00%.
PRSO Dividends
Peraso Inc is expected to release its next earnings report in December this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Peraso Inc (NASDAQ:PRSO)’s Major holders
Insiders own 7.67% of the company shares, while shares held by institutions stand at 11.62% with a share float percentage of 12.58%. Investors are also buoyed by the number of investors in a company, with Peraso Inc having a total of 13.0 institutions that hold shares in the company.
