Could Peraso Inc. (PRSO) stock price achieve new all-time highs if its expected earnings and revenue increase?

In yesterday’s Wall Street session, Peraso Inc. (NASDAQ:PRSO) shares traded at $0.31, down -4.52% from the previous session.

As of this writing, 1 analysts cover Peraso Inc. (NASDAQ:PRSO). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $1.00 and a low of $1.00, we find $1.00. Given the previous closing price of $0.32, this indicates a potential upside of 212.5 percent. PRSO stock price is now 54.29% away from the 50-day moving average and -33.74% away from the 200-day moving average. The market capitalization of the company currently stands at $6.55M.

There are 0 analysts who have given it a hold rating, whereas 1 have given it a buy rating. Brokers who have rated the stock have averaged $1.00 as their price target over the next twelve months.

In other news, McWalter Ian, Director bought 50,000 shares of the company’s stock on Jun 09. The stock was bought for $31,500 at an average price of $0.63. Upon completion of the transaction, the Director now directly owns 130,018 shares in the company, valued at $40305.58. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 08, Director McWalter Ian bought 50,000 shares of the business’s stock. A total of $31,915 was incurred on buying the stock at an average price of $0.64. This leaves the insider owning 80,018 shares of the company worth $24805.58. Insiders disposed of 79,340 shares of company stock worth roughly $24595.4 over the past 1 year. A total of 1.10% of the company’s stock is owned by insiders.

Thursday morning saw Peraso Inc. (NASDAQ: PRSO) opened at $0.3202. During the past 12 months, Peraso Inc. has had a low of $0.12 and a high of $1.54. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 3.40, and a quick ratio of 1.70. The fifty day moving average price for PRSO is $0.2002 and a two-hundred day moving average price translates $0.4658 for the stock.

The latest earnings results from Peraso Inc. (NASDAQ: PRSO) was released for Jun, 2023. According to the Semiconductors Company, earnings per share came in at -$0.12, missing analysts’ expectations of -$0.09 by -0.03. This compares to -$0.33 EPS in the same period last year. The company reported revenue of $2.4 million for the quarter, compared to $4.28 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -43.91 percent. For the current quarter, analysts expect PRSO to generate $3.05M in revenue.

Peraso Inc.(PRSO) Company Profile

Peraso Inc., a fabless semiconductor company, develops, markets, and sells semiconductor devices and modules. The company’s products include millimeter wavelength (mmWave) ICs, including baseband IC, various mmWave radio frequency, integrated circuits, as well as associated antenna technology; and mmWave antenna modules. It also provides accelerator engine products, comprising bandwidth engine for high-performance applications where throughput is critical; and quad partition rate, which allows for parallel accesses to multiple partitions of the memory simultaneously. Its mmWave products are used for various applications, such as multi-gigabit point-to-point (PtMP) wireless links; and fixed wireless access in the 5G operating bands, as well as consumer applications, such as wireless video streaming, and untethered augmented reality and virtual reality. The company also licenses intellectual property, as well as offers non-recurring engineering services. It markets its products through direct sales personnel, as well as sells representatives and distributors. The company was formerly knowns as MoSys, Inc. and changed its name to Peraso Inc. in December 2021. Peraso Inc. was incorporated in 1991 and is based in San Jose, California.

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