NASDAQ:PRSO

Peraso (PRSO) Stock Forecast, Price & News

$0.59

-0.08 (-11.86%)

(As of 06/5/2023 ET)

Compare

Today's Range: $0.57
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$0.69
50-Day Range: $0.25
▼
$0.98
52-Week Range: $0.20
▼
$2.69

Volume: 348,197 shs
Average Volume: 275,791 shs
Market Capitalization: $14.58 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $1.50

Peraso MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 152.4% Upside
$1.50 Price Target
Short Interest: Healthy
0.47% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 1.22
Based on 2 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: Growing
From ($0.47) to ($0.22) Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.38 out of 5 stars

Business Services Sector

89th out of 332 stocks

Semiconductors & Related Devices Industry

25th out of 89 stocks

3.5

Analyst's Opinion

Consensus Rating
Peraso has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $1.50, Peraso has a forecasted upside of 152.4% from its current price of $0.59.
Amount of Analyst Coverage
Peraso has received no research coverage in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
0.47% of the float of Peraso has been sold short.
Short Interest Ratio / Days to Cover
Peraso has a short interest ratio ("days to cover") of 0.2, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Peraso has recently decreased by 14.16%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
Peraso does not currently pay a dividend.
Dividend Growth
Peraso does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for PRSO.

3.5

News and Social Media Coverage

News Sentiment
Peraso has a news sentiment score of 1.22. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.48 average news sentiment score of Business Services companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for Peraso this week, compared to 1 article on an average week.
Search Interest
2 people have searched for PRSO on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.
MarketBeat Follows
Only 2 people have added Peraso to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

0.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Peraso insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 5.70% of the stock of Peraso is held by insiders.
Percentage Held by Institutions
Only 3.73% of the stock of Peraso is held by institutions.

1.3

Earnings and Valuation

Earnings Growth
Earnings for Peraso are expected to grow in the coming year, from ($0.47) to ($0.22) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Peraso is -0.43, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Peraso is -0.43, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Peraso has a P/B Ratio of 0.91. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Peraso (NASDAQ:PRSO) Stock

Peraso, Inc. engages in the development and sale of semiconductor devices and modules based on its proprietary semiconductor devices and performance of non-recurring engineering, services and licensing of intellectual property. It operates through the following geographical segments: North America, Hong Kong, Taiwan, and Rest of World. The company was founded in 1991 and is headquartered in San Jose, CA.

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PRSO Stock News Headlines

May 31, 2023 | finance.yahoo.com

Peraso Announces $4.0 Million Registered Direct Offering Priced At-The-Market Under Nasdaq Rules

May 29, 2023 | americanbankingnews.com

Peraso Inc. (NASDAQ:PRSO) Short Interest Down 14.2% in May

June 5, 2023 | Behind the Markets (Ad)

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May 23, 2023 | msn.com

Benchmark Maintains Peraso (PRSO) Buy Recommendation

May 22, 2023 | americanbankingnews.com

Peraso (NASDAQ:PRSO) Price Target Lowered to $1.50 at Benchmark

May 17, 2023 | finanznachrichten.de

Peraso, Inc.: Peraso to Attend Midwest Broadband Operators Conference

May 17, 2023 | finance.yahoo.com

Peraso to Attend Midwest Broadband Operators Conference

May 16, 2023 | markets.businessinsider.com

Peraso Inc Registered Shs hosts conference call for investors

June 5, 2023 | Legacy Research (Affiliate) (Ad)

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May 15, 2023 | finanznachrichten.de

Peraso, Inc.: Peraso Announces First Quarter 2023 Results

May 15, 2023 | msn.com

Peraso: Q1 Earnings Insights

May 15, 2023 | seekingalpha.com

Peraso Non-GAAP EPS of -$0.09 beats by $0.01, revenue of $5.03M beats by $0.75M

May 15, 2023 | finance.yahoo.com

Peraso (PRSO) Reports Q1 Loss, Tops Revenue Estimates

May 15, 2023 | finance.yahoo.com

Peraso Announces First Quarter 2023 Results

May 8, 2023 | americanbankingnews.com

Peraso (PRSO) Set to Announce Earnings on Monday

May 2, 2023 | finance.yahoo.com

Peraso to Announce First Quarter 2023 Financial Results

April 13, 2023 | finanznachrichten.de

Peraso, Inc.: Peraso Announces Appointment of Nadine Hatto to GigFire Advisory Board

April 13, 2023 | finance.yahoo.com

Peraso Announces Appointment of Nadine Hatto to GigFire Advisory Board

March 28, 2023 | insidermonkey.com

Peraso Inc. (NASDAQ:PRSO) Q4 2022 Earnings Call Transcript

March 28, 2023 | americanbankingnews.com

K LIU & Comments on Peraso Inc.'s Q1 2024 Earnings (NASDAQ:PRSO)

March 23, 2023 | markets.businessinsider.com

Benchmark Co. Keeps Their Buy Rating on Peraso, Inc. (PRSO)

March 22, 2023 | finanznachrichten.de

Peraso, Inc.: Peraso Announces Fourth Quarter and Full Year 2022 Results

March 22, 2023 | finance.yahoo.com

Peraso Announces Fourth Quarter and Full Year 2022 Results

March 21, 2023 | msn.com

Earnings Preview For Peraso

March 20, 2023 | finanznachrichten.de

Peraso, Inc.: Peraso to Announce Fourth Quarter and Full Year 2022 Financial Results

March 20, 2023 | finance.yahoo.com

Peraso to Announce Fourth Quarter and Full Year 2022 Financial Results

February 18, 2023 | seekingalpha.com

Peraso implements cost-reduction initiatives involving staff cuts, Q4 revenue below consensus

See More Headlines

PRSO Price History

30 days | 90 days | 365 days | Advanced Chart

PRSO Company Calendar

Last Earnings: 3/22/2023
Today: 6/05/2023
Next Earnings (Estimated): 8/21/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Semiconductors & related devices
Sub-Industry: N/A
Sector: Business Services
Current Symbol: NASDAQ:PRSO
CUSIP: N/A
CIK: 890394
Web: www.mosys.com
Phone: (408) 418-7500
Fax: 408-418-7501
Employees: 82
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $1.50
High Stock Price Forecast: $1.50
Low Stock Price Forecast: $1.50
Forecasted Upside/Downside: +147.7%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($1.39)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-32,400,000.00
Net Margins: -174.52%
Pretax Margin: -174.52%
Return on Equity: -79.07%
Return on Assets: -62.45%

Debt

Debt-to-Equity Ratio: 0.03
Current Ratio: 2.78
Quick Ratio: 1.41

Sales & Book Value

Annual Sales: $14.87 million
Price / Sales: 1.00
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $0.65 per share
Price / Book: 0.93

Miscellaneous

Outstanding Shares: 24,530,000
Free Float: 23,129,000
Market Cap: $14.86 million
Optionable: Optionable
Beta: 2.06

Key Executives

Ronald Glibbery
Chief Executive Officer & Director

Brad Lynch
Chief Operating Officer

James W. Sullivan
Chief Financial Officer

Alexander Tomkins
Chief Technology Officer

Mark A. Lunsford
Chief Revenue Officer

Key Competitors

View All Competitors

Institutional Ownership

Armistice Capital LLC
Sold 660,000 shares on 5/16/2023
Ownership: 3.153%

View All Institutional Transactions

PRSO Stock - Frequently Asked Questions

Should I buy or sell Peraso stock right now?: 1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Peraso in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" PRSO shares.
View PRSO analyst ratings or view top-rated stocks.
What is Peraso's stock price forecast for 2023?: 1 analysts have issued 12-month price targets for Peraso's shares. Their PRSO share price forecasts range from $1.50 to $1.50. On average, they predict the company's stock price to reach $1.50 in the next year. This suggests a possible upside of 147.7% from the stock's current price.
View analysts price targets for PRSO or view top-rated stocks among Wall Street analysts.
How have PRSO shares performed in 2023?: Peraso's stock was trading at $0.73 at the beginning of the year. Since then, PRSO stock has decreased by 17.0% and is now trading at $0.6056.
View the best growth stocks for 2023 here.
Are investors shorting Peraso?: Peraso saw a decline in short interest during the month of May. As of May 15th, there was short interest totaling 29,100 shares, a decline of 14.2% from the April 30th total of 33,900 shares. Based on an average daily trading volume, of 148,400 shares, the short-interest ratio is currently 0.2 days. Approximately 0.5% of the shares of the company are sold short.
View Peraso's Short Interest.
When is Peraso's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Monday, August 21st 2023.
View our PRSO earnings forecast.
How were Peraso's earnings last quarter?: Peraso Inc. (NASDAQ:PRSO) posted its quarterly earnings data on Wednesday, March, 22nd. The company reported ($0.20) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.25) by $0.05. The company earned $3.89 million during the quarter, compared to analyst estimates of $3.90 million. Peraso had a negative net margin of 174.52% and a negative trailing twelve-month return on equity of 79.07%.

What guidance has Peraso issued on next quarter's earnings?: Peraso updated its first quarter 2023 earnings guidance on Wednesday, March, 22nd. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $4.70 million-$5.00 million, compared to the consensus revenue estimate of $5.21 million.
What is Peraso's stock symbol?: Peraso trades on the NASDAQ under the ticker symbol "PRSO."
Who are Peraso's major shareholders?: Peraso's stock is owned by a variety of retail and institutional investors. Top institutional investors include Armistice Capital LLC (3.15%). Insiders that own company stock include Ian Mcwalter and Robert Y Iv Newell.
View institutional ownership trends.
How do I buy shares of Peraso?: Shares of PRSO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Peraso's stock price today?: One share of PRSO stock can currently be purchased for approximately $0.61.
How much money does Peraso make?: Peraso (NASDAQ:PRSO) has a market capitalization of $14.86 million and generates $14.87 million in revenue each year. The company earns $-32,400,000.00 in net income (profit) each year or ($1.39) on an earnings per share basis.
How can I contact Peraso?: Peraso's mailing address is 2309 Bering Dr, San Jose, California 95131-1125. The official website for the company is www.mosys.com. The company can be reached via phone at (408) 418-7500, via email at jsullivan@mosys.com, or via fax at 408-418-7501.

This page (NASDAQ:PRSO) was last updated on 6/5/2023 by MarketBeat.com Staff

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