Investors Are Waking Up To Peraso Inc. (NASDAQ: PRSO) After Losing -69.37% Over The Past 12 Months

Peraso Inc. (NASDAQ:PRSO) currently has a daily average trading volume of 156.08K but it saw 5528212 shares traded on Thursday. With a market cap of 9.05M USD, stock’s current market price of $0.49 came rising about 20.99 while comparing to the previous closing price of $0.41. In past 52 weeks, the stock remained buoying in the range of price level as high as $2.69 and as low as $0.20. In the recent trading on the day, stock has struck highest price mark of $0.7201 while lowest mark touched by it was $0.41.

Taking a look at 20-day trading activity of Peraso Inc. (PRSO) gives us an average price of $0.3750, while its current price level is -81.78% below from 52-week high level whereas it is 145.00% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $0.4676 while that of 200 days or SMA-200 reads an average of $1.1261. A closer look into the stock’s movement over the week reveals that its volatility is standing at 52.66% during that period while stretching the period over a month that decreases to 25.42%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 57.81 which implies that the stock is in neutral territory.

Peraso Inc. (PRSO)’s stock is currently under the radar of 1 analysts who are in consensus at a 12-month price target range of between $1.25 and $1.50 for company’s shares. The average price target assigned by the average number of analysts to a stock is a way to gauge worth of any stock in next 52 weeks. And in assigning price target to a stock, some analysts adopt a bearish approach by advocating lower-than-average price target which in this case is $1.25 while some adopt bullish approach by assigning higher-than-average price target which reads the price to top $1.50. Average price target assigned by them is $1.38 which highlights an upside potential of 64.49% for the stock over that period. And to attain the median price target of $1.38 assigned by those analysts, stock has to add about 64.49% of value to its current levels.

Data by FactSet Research shows that 1 analysts have issued their ratings for the stock. 0 of them are in opinions that stock is a Sell, while 0 are advising it as an Overweight. 1 analysts suggested the investors to Buy the stock while 0 advised them to Hold.

Over the week, PRSO’s stock price is moving 53.13% up while it is 14.22% when we observe its performance for the past one month. Year-to-date it is -32.88% down and over the past year, the stock is showing a downside performance of -69.37%.

The latest quarterly earnings report issued by the company was for quarter ended 3/30/2023, when its quarterly earnings per share (EPS) of -$0.09 beat the consensus estimate of -$0.1 for the same. The company is expected to be releasing its next quarterly report in 08/14/2023, for which analysts forecasted an EPS of -$0.1 while estimate for next year EPS is -$0.32. For PRSO, analysts are forecasting an EPS-growth rate of 56.20% for current year and estimate for EPS growth in next year is 93.80%. In next quarter, company is expected to be making quarterly sales of $4.8 million as analysts are expecting the sales for current fiscal year at $19.77 million and seeing the company making $29.45 million in sales next year. Moreover, analysts are in estimates of $4.26 million for current-quarter revenue.

Currently, Peraso Inc.’s total number of outstanding shares is 15.73M with 3.87% of that held by the insiders while 14.67% of its common stock has been owned by the institutions. It has a 2.45 of forward P/E ratio. Stock’s beta reads 2.13. Stock has a price to book (P/B) ratio of 0.75 while price to sale or P/S ratio amounts to 0.61.