NASDAQ:PRSO

Peraso (PRSO) Stock Price, News & Analysis

$1.37
+0.12 (+9.60%)
(As of 04/26/2024 ET)
Today's Range
$1.26
$1.40
50-Day Range
$1.26
$2.04
52-Week Range
$1.22
$52.80
Volume
98,162 shs
Average Volume
3.30 million shs
Market Capitalization
$1.97 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$40.00

Peraso MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
2,819.7% Upside
$40.00 Price Target
Short Interest
Healthy
4.92% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
Decreasing
From ($3.90) to ($4.30) Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.14 out of 5 stars

PRSO stock logo

About Peraso Stock (NASDAQ:PRSO)

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.

PRSO Stock Price History

PRSO Stock News Headlines

Peraso Inc. (PRSO)
Why Is Peraso (PRSO) Stock Up 53% Today?
The Gold Grab of the Century
When central banks buy gold… The rich buy right along with them. And central banks are buying at breakneck pace. Last year… 1,037 tons. Just 45 tons less than the record set two years ago.
Peraso Inc Ordinary Shares
The Gold Grab of the Century
When central banks buy gold… The rich buy right along with them. And central banks are buying at breakneck pace. Last year… 1,037 tons. Just 45 tons less than the record set two years ago.
Peraso Inc. (PRSO) Q4 2023 Earnings Call Transcript
Peraso: Q4 Earnings Insights
Peraso Inc. Secures Funding Through Public Offering
See More Headlines
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Company Calendar

Last Earnings
3/18/2024
Today
4/28/2024
Next Earnings (Estimated)
5/20/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Semiconductors & related devices
Sub-Industry
N/A
Current Symbol
NASDAQ:PRSO
Employees
48
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$40.00
High Stock Price Target
$40.00
Low Stock Price Target
$40.00
Potential Upside/Downside
+2,819.7%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$-16,800,000.00
Net Margins
-122.15%
Pretax Margin
-122.15%

Debt

Sales & Book Value

Annual Sales
$13.75 million
Book Value
$5.36 per share

Miscellaneous

Free Float
1,365,000
Market Cap
$1.97 million
Optionable
Optionable
Beta
1.84
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Key Executives

  • Mr. Ronald Glibbery (Age 62)
    Co-Founder, CEO & Director
    Comp: $400k
  • Mr. James W. Sullivan (Age 56)
    Chief Financial Officer
    Comp: $305k
  • Mr. Bradley Lynch (Age 51)
    Chief Operating Officer
    Comp: $275k
  • Mr. Alexander Tomkins (Age 40)
    Co-Founder & CTO
    Comp: $197.93k
  • Mr. Mark A. Lunsford (Age 66)
    Chief Revenue Officer

PRSO Stock Analysis - Frequently Asked Questions

Should I buy or sell Peraso stock right now?

1 Wall Street equities 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 equities research analysts is that investors should "buy" PRSO shares.
View PRSO analyst ratings
or view top-rated stocks.

What is Peraso's stock price target for 2024?

1 equities research analysts have issued 12 month price targets for Peraso's shares. Their PRSO share price targets range from $40.00 to $40.00. On average, they expect the company's stock price to reach $40.00 in the next year. This suggests a possible upside of 2,819.7% 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 2024?

Peraso's stock was trading at $11.1840 at the beginning of the year. Since then, PRSO stock has decreased by 87.8% and is now trading at $1.37.
View the best growth stocks for 2024 here
.

Are investors shorting Peraso?

Peraso saw a decline in short interest in April. As of April 15th, there was short interest totaling 94,900 shares, a decline of 28.6% from the March 31st total of 132,900 shares. Based on an average trading volume of 1,300,000 shares, the short-interest ratio is presently 0.1 days. Currently, 4.9% of the shares of the company are short sold.
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, May 20th 2024.
View our PRSO earnings forecast
.

How were Peraso's earnings last quarter?

Peraso Inc. (NASDAQ:PRSO) issued its quarterly earnings data on Monday, March, 18th. The company reported ($3.76) earnings per share for the quarter, missing analysts' consensus estimates of ($3.41) by $0.35. The company had revenue of $1.83 million for the quarter, compared to the consensus estimate of $1.70 million. Peraso had a negative net margin of 122.15% and a negative trailing twelve-month return on equity of 172.90%. During the same period in the prior year, the firm posted ($8.00) earnings per share.

When did Peraso's stock split?

Peraso's stock reverse split on 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.

What guidance has Peraso issued on next quarter's earnings?

Peraso updated its first quarter 2024 earnings guidance on Monday, March, 18th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $2.6 million-$2.9 million, compared to the consensus revenue estimate of $3.7 million.

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.

This page (NASDAQ:PRSO) was last updated on 4/28/2024 by MarketBeat.com Staff

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