Peraso Inc (NASDAQ:PRSO)’s traded shares stood at 2.78 million during the latest session, with the company’s beta value hitting 1.57. At the last check today, the stock’s price was $1.12, to imply a decrease of -5.88% or -$0.07 in intraday trading. The PRSO share’s 52-week high remains $11.20, putting it -900.0% down since that peak but still an impressive 34.82% since price per share fell to its 52-week low of $0.73. The company has a valuation of $4.29M, with an average of 0.25 million shares in intraday trading volume over the past 10 days and average of 185.85K shares over the past 3 months.
Analysts have given a consensus recommendation of Hold for Peraso Inc (PRSO), translating to a mean rating of 1.00. Of 1 analyst(s) looking at the stock, 0 analyst(s) give PRSO a Sell rating. 0 of those analysts rate the stock as Overweight while 1 advise Hold as 0 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.41.
Peraso Inc (NASDAQ:PRSO) trade information
After registering a -5.88% downside in the latest session, Peraso Inc (PRSO) has traded red over the past five days. The 5-day price performance for the stock is 31.24%, and 27.13% over 30 days. With these gigs, the year-to-date price performance is -89.99%. Short interest in Peraso Inc (NASDAQ:PRSO) saw shorts transact 0.38 million shares and set a 3.3 days time to cover.
The extremes give us $2 and $2 for target low and target high price respectively. As such, PRSO has been trading -78.57% off suggested target high and -78.57% from its likely low.
Peraso Inc (PRSO) estimates and forecasts
Looking at statistics comparing Peraso Inc share performance against respective industry, we note that the company has outperformed competitors. Peraso Inc (PRSO) shares are -20.00% down over the last 6 months, with its year-to-date growth rate higher than industry average at 90.85% against 16.10%. The rating firms project that company’s revenue will grow 7.44% compared to the previous financial year.
Revenue forecast for the current quarter as set by 3 analysts is 3.88M. Meanwhile, for the current quarter, a total of 1 analyst(s) estimate revenue growth to 3.9M.Earnings reports from the last fiscal year show that sales brought in 1.83M and 2.82M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 111.52% before jumping 38.49% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 46.50% for the past 5-year period. While 2024 is set for a 89.81% return in earnings, projections for the next 5 years are at 30.00% annually.
PRSO Dividends
Peraso Inc has its next earnings report out in January. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Peraso Inc (NASDAQ:PRSO)’s Major holders
Peraso Inc insiders hold 7.67% of total outstanding shares, with institutional holders owning 11.79% of the shares at 12.77% float percentage. In total, 11.79% institutions holds shares in the company.
