The stock of Peraso Inc (NASDAQ:PRSO) last traded at $1.62, up 11.72% from the previous session.
PRSO stock price is now -38.98% away from the 50-day moving average and -82.55% away from the 200-day moving average. The market capitalization of the company currently stands at $1.17M.
In other news, McWalter Ian, Director bought 50,000 shares of the company’s stock on Jun 09 ’23. 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 $0.21 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 08 ’23, 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 $0.13 million. A total of 11.25% of the company’s stock is owned by insiders.
During the past 12 months, Peraso Inc has had a low of $1.23 and a high of $52.80. As of last week, the company has a debt-to-equity ratio of 0.18, a current ratio of 1.22, and a quick ratio of 0.65. The fifty day moving average price for PRSO is $2.6548 and a two-hundred day moving average price translates $9.2997 for the stock.
The latest earnings results from Peraso Inc (NASDAQ: PRSO) was released for Dec, 2023. According to the Semiconductors Company, earnings per share came in at -$8.52, missing analysts’ expectations of -$3.76 by -4.76. This compares to -$8.00 EPS in the same period last year. The net profit margin was -122.15% and return on equity was -173.68% for PRSO. The company reported revenue of $4.48 million for the quarter, compared to $3.29 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 36.04 percent. For the current quarter, analysts expect PRSO to generate $2.65M in revenue.
