Peraso (PRSO) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: $1.78 to $1.90
• 50-Day Range: $1.21 to $1.77
• 52-Week Range: $1.15 to $15.66
• Volume: 58,108 shs
• Average Volume: 453,925 shs
• Market Capitalization: $4.98 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $3.88
• Consensus Rating: Buy

Peraso Stock Analysis - MarketRank™

Peraso scored higher than 49% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.5 / 5
• Analyst Rating: Buy

Consensus Rating

Peraso has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Peraso has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: Decreasing

Earnings Growth

Earnings for Peraso are expected to decrease in the coming year, from ($3.28) to ($3.76) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Peraso is -0.11, 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 -0.11, 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 0.35. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

6.89% 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 2.8, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Peraso has recently increased by 12.77%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Peraso does not currently pay a dividend.

Dividend Growth

Peraso does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

6.89% 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 2.8, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Peraso has recently increased by 12.77%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.2 / 5
• News Sentiment: -0.11

News Sentiment

Peraso has a news sentiment score of -0.11. 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 lower news sentiment than the 0.41 average news sentiment score of Business Services companies.

News Coverage This Week

MarketBeat has tracked 3 news articles for Peraso this week, compared to 1 article on an average week.

Search Interest

1 people have searched for PRSO on MarketBeat in the last 30 days.

MarketBeat Follows

1 people have added Peraso to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

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 5.30% of the stock of Peraso is held by insiders.

Percentage Held by Institutions

77.60% of the stock of Peraso is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

PRSO Stock Analysis - Frequently Asked Questions

How have PRSO shares performed this year?

Peraso's stock was trading at $11.1840 on January 1st, 2024. Since then, PRSO stock has decreased by 83.5% and is now trading at $1.85.
View the best growth stocks for 2024 here.

How were Peraso's earnings last quarter?

Peraso Inc. (NASDAQ:PRSO) announced its quarterly earnings results on Monday, August, 12th. The company reported ($1.37) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.73) by $0.64. The business earned $4.24 million during the quarter, compared to the consensus estimate of $4.20 million. Peraso had a negative trailing twelve-month return on equity of 242.83% and a negative net margin of 119.82%.

When did Peraso's stock split?

Peraso shares reverse split on the morning of Wednesday, January 3rd 2024. The 1-40 reverse split was announced on Wednesday, January 3rd 2024. The number of shares owned by shareholders was adjusted after the closing bell on Wednesday, January 3rd 2024. An investor that had 100 shares of stock prior to the reverse split would have 3 shares after the split.

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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Peraso own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Peraso investors own include Zomedica (ZOM), Jumia Technologies (JMIA), Nano Dimension (NNDM), AST SpaceMobile (ASTS), NIO (NIO), Bakkt (BKKT) and Sangamo Therapeutics (SGMO).

Company Calendar

• Last Earnings: 8/12/2024
• Today: 10/23/2024
• Next Earnings (Estimated): 11/11/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Business Services
• Industry: Semiconductors & related devices
• Sub-Industry: Electronic Equipment
• Current Symbol: NASDAQ:PRSO
• CUSIP: N/A
• CIK: 890394
• Web: www.mosys.com
• Phone: (408) 418-7500
• Fax: 408-418-7501
• Employees: 80
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $3.88
• High Stock Price Target: $4.00
• Low Stock Price Target: $3.75
• Potential Upside/Downside: +109.5%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 2 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($21.15)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-16,800,000.00
• Net Margins: -119.82%
• Pretax Margin: -119.82%
• Return on Equity: -242.83%
• Return on Assets: -129.76%

Debt

• Debt-to-Equity Ratio: 0.07
• Current Ratio: 1.20
• Quick Ratio: 0.74

Sales & Book Value

• Annual Sales: $13.37 million
• Price / Sales: 0.37
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $5.36 per share
• Price / Book: 0.35

Miscellaneous

• Outstanding Shares: 2,690,000
• Free Float: 2,683,000
• Market Cap: $4.98 million
• Optionable: No Data
• Beta: 1.79