In the last trading session, 3.55 million shares of the Peraso Inc (NASDAQ:PRSO) were traded, and its beta was 1.57. Most recently the company’s share price was $1.31, and it changed around $0.12 or 10.08% from the last close, which brings the market valuation of the company to $5.53M. PRSO currently trades at a discount to its 52-week high of $11.20, offering almost -754.96% off that amount. The share price’s 52-week low was $0.73, which indicates that the current value has risen by an impressive 44.27% since then. We note from Peraso Inc’s average daily trading volume that its 10-day average is 0.6 million shares, with the 3-month average coming to 185.85K.
Peraso Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 2 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 0 recommended PRSO as a Hold, whereas 2 deemed it a Buy, and 0 rated it as Underweight. Peraso Inc is expected to report earnings per share of -0.41 for the current quarter.
Peraso Inc (NASDAQ:PRSO) trade information
Instantly PRSO has showed a green trend with a performance of 10.08% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 1.4300 on recent trading dayincreased the stock’s daily price by 8.39%. The company’s shares are currently down -88.29% year-to-date, but still up 53.50% over the last five days. On the other hand, Peraso Inc (NASDAQ:PRSO) is 48.69% up in the 30-day period. We can see from the shorts that 0.38 million shares have been sold at a short interest cover period of 3.3 day(s).
The consensus price target as assigned by Wall Street analysts is $2, which translates to bulls needing to increase their stock price by 34.5% from its current value. Analyst projections state that PRSO is forecast to be at a low of $2 and a high of $2.
Peraso Inc (PRSO) estimates and forecasts
Peraso Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -6.43 percent over the past six months and at a 90.85% annual growth rate that is well above the industry average of 16.10%. The year-over-year growth rate is expected to be 7.44%, up from the previous year.
Consensus estimates provided by 3 financial analysts predict the company will bring in an average of 3.88M in revenue for the current quarter. 1 analysts expect Peraso Inc to make 3.9M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 1.83M and 2.82M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 111.52%. Forecasts for the next quarter put sales growth at 38.49%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 46.50%. Peraso Inc earnings are expected to increase by 89.81% in 2024, but the outlook is positive 30.00% per year for the next five years.
PRSO Dividends
Peraso Inc’s next quarterly earnings report is expected to be released in January.
Peraso Inc (NASDAQ:PRSO)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 7.67% of Peraso Inc shares, and 11.79% of them are in the hands of institutional investors. The stock currently has a share float of 12.77%.
