Should I buy or sell Presto Automation stock right now?

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Presto Automation in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" PRST shares. View PRST analyst ratings or view top-rated stocks .

What is Presto Automation's stock price target for 2024?

1 analysts have issued twelve-month price targets for Presto Automation's stock. Their PRST share price targets range from $5.00 to $5.00. On average, they expect the company's stock price to reach $5.00 in the next year. This suggests a possible upside of 704.8% from the stock's current price. View analysts price targets for PRST or view top-rated stocks among Wall Street analysts .

How have PRST shares performed in 2023?

Presto Automation's stock was trading at $2.29 on January 1st, 2023. Since then, PRST shares have decreased by 72.9% and is now trading at $0.6213. View the best growth stocks for 2023 here .

Are investors shorting Presto Automation?

Presto Automation saw a increase in short interest in the month of November. As of November 15th, there was short interest totaling 360,500 shares, an increase of 194.3% from the October 31st total of 122,500 shares. Based on an average daily volume of 187,300 shares, the short-interest ratio is presently 1.9 days. Approximately 1.6% of the shares of the stock are short sold. View Presto Automation's Short Interest .

When is Presto Automation's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 13th 2024. View our PRST earnings forecast .

How were Presto Automation's earnings last quarter?

Presto Automation Inc. (NASDAQ:PRST) posted its quarterly earnings results on Monday, November, 20th. The leader in drive-thru voice AI reported $0.08 EPS for the quarter, beating the consensus estimate of ($0.21) by $0.29. The leader in drive-thru voice AI earned $4.89 million during the quarter.

What ETF holds Presto Automation's stock ?

Invesco Dorsey Wright Technology Momentum ETF holds 1,236,994 shares of PRST stock, representing 1.58% of its portfolio.

What guidance has Presto Automation issued on next quarter's earnings?

Presto Automation issued an update on its second quarter 2024 earnings guidance on Monday, November, 20th. The company provided EPS guidance of for the period. The company issued revenue guidance of $4.80 million-$5.00 million, compared to the consensus revenue estimate of $5.00 million.

Who are Presto Automation's major shareholders?

Presto Automation's stock is owned by many different retail and institutional investors. Top institutional investors include Schechter Investment Advisors LLC (0.82%), Kepos Capital LP (0.79%), Charles Schwab Investment Management Inc. (0.23%) and Harbour Capital Advisors LLC (0.12%). Insiders that own company stock include Avenue Food & Bevera Cleveland, Dan Mosher, Rajat Suri and Xavier Casanova. View institutional ownership trends .

How do I buy shares of Presto Automation?

Shares of PRST 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 .

Positive News SentimentPositive News

Presto Automation Stock Price, News & Analysis (NASDAQ:PRST)

$0.62

-0.05 (-7.45%)

(As of 12/8/2023 ET)

Compare

Today's Range: $0.58
▼
$0.68
50-Day Range: $0.54
▼
$1.79
52-Week Range: $0.50
▼
$5.74

Volume: 209,231 shs
Average Volume: 927,570 shs
Market Capitalization: $41.76 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $5.00

Presto Automation MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 704.8% Upside
$5.00 Price Target
Short Interest: Healthy
1.57% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: N/A
Insider Trading: Acquiring Shares
$3 M Bought Last Quarter
Proj. Earnings Growth: N/A

Overall MarketRank^™

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

2.16 out of 5 stars

Business Services Sector

114th out of 247 stocks

Prepackaged Software Industry

60th out of 163 stocks

3.5

Analyst's Opinion

Consensus Rating
Presto Automation 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 $5.00, Presto Automation has a forecasted upside of 704.8% from its current price of $0.62.
Amount of Analyst Coverage
Presto Automation has received no research coverage in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
1.57% of the float of Presto Automation has been sold short.
Short Interest Ratio / Days to Cover
Presto Automation has a short interest ratio ("days to cover") of 1.9, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Presto Automation has recently increased by 194.29%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
Presto Automation does not currently pay a dividend.
Dividend Growth
Presto Automation 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 PRST.

2.6

News and Social Media Coverage

News Sentiment
Presto Automation has a news sentiment score of 1.65. 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 0.51 average news sentiment score of Business Services companies.
News Coverage This Week
MarketBeat has tracked 1 news article for Presto Automation this week, compared to 1 article on an average week.
Search Interest
Only 1 people have searched for PRST on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Presto Automation insiders have bought 8,890.11% more of their company's stock than they have sold. Specifically, they have bought $3,000,000.00 in company stock and sold $33,370.00 in company stock.
Percentage Held by Insiders
38.70% of the stock of Presto Automation is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
Only 13.18% of the stock of Presto Automation is held by institutions.

0.0

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Presto Automation is -0.51, 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 Presto Automation is -0.51, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

See Top Rated MarketRank™ Stocks Here

About Presto Automation Stock (NASDAQ:PRST)

Presto Automation Inc. engages in the provision of artificial intelligence (AI) and automation solutions to the restaurant enterprise technology industry in the United States. The company offers Presto Voice, an AI solution to quick service restaurants that completes complex orders, including large orders with multiple menu modifications and add-ons, with limited on-site restaurant staff intervention; and Presto Touch, a pay-at-table tablet solution to casual dining chains that enables self-serve ordering, payment processing, personalization, and gaming experiences for restaurant guests. Presto Automation, Inc. was founded in 2008 and is headquartered in San Carlos, California.

PRST Stock Price History

30 days | 90 days | 365 days | Advanced Chart

PRST Stock News Headlines

December 5, 2023 | finance.yahoo.com

Presto escalates activities to collect up to $11.1M of non-dilutive cash awarded to the company from XAC in Singaporean ruling

December 1, 2023 | finance.yahoo.com

Presto Names Kat Hoffman-Flynt Chief Operating Officer

December 9, 2023 | DTI Trader (Ad)

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November 29, 2023 | seekingalpha.com

Presto Automation: My Top AI Pick For 2024

November 24, 2023 | finance.yahoo.com

Presto Automation, Inc. (NASDAQ:PRST) Q1 2024 Earnings Call Transcript

November 21, 2023 | finanznachrichten.de

Presto Automation Inc.: Presto Automation Announces Fiscal First Quarter 2024 Financial Results

November 21, 2023 | finance.yahoo.com

Presto Welcomes Industry Luminary Stephen Herbert as a Strategic Advisor for Presto Touch

November 21, 2023 | finance.yahoo.com

Q1 2024 Presto Automation Inc Earnings Call

December 9, 2023 | DTI Trader (Ad)

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November 20, 2023 | msn.com

Presto Automation GAAP EPS of $0.08, revenue of $4.89M misses by $0.11M

November 20, 2023 | finance.yahoo.com

Presto Automation Announces Fiscal First Quarter 2024 Financial Results

November 17, 2023 | marketwatch.com

Presto Automation Shares Rise 6% After Capital Investment, Job Cuts

November 17, 2023 | finance.yahoo.com

Presto Raises Capital from Remus Investor Group, Announces Addition of Two Board Members, and Significant Cost Reductions

November 13, 2023 | finance.yahoo.com

Presto to Report Fiscal First Quarter 2024 Financial Results

November 8, 2023 | morningstar.com

Presto Automation Inc PRST

October 23, 2023 | finance.yahoo.com

Presto Signs Voice AI Pilot with Top 10 QSR Drive-Thru Brand

October 20, 2023 | msn.com

Presto Automation files for $75M mixed shelf

October 20, 2023 | markets.businessinsider.com

Presto Names Justin Foster Chief Revenue Officer; Departure of Dan Mosher, President

October 20, 2023 | finance.yahoo.com

Presto Names Justin Foster Chief Revenue Officer; Departure of Dan Mosher, President

October 16, 2023 | finance.yahoo.com

Presto to Participate at The ThinkEquity Conference

October 16, 2023 | finance.yahoo.com

Presto Automation, Inc. (NASDAQ:PRST) Q4 2023 Earnings Call Transcript

October 13, 2023 | finance.yahoo.com

Presto Automation Inc (PRST) Announces FY2023 Financial Results

October 10, 2023 | finance.yahoo.com

Presto Announces FY2023 Financial Results, Increased Ownership Commitment from a Major Existing Shareholder, Extended Shareholder Lock-ups, and a new Interim CFO

September 27, 2023 | finance.yahoo.com

Presto signs CKE Franchise StarCorp’s 58 Carl’s Jr. Locations

September 25, 2023 | finance.yahoo.com

Presto Automation Inc.'s (NASDAQ:PRST) top owners are private equity firms with 48% stake, while 33% is held by individual investors

August 17, 2023 | finance.yahoo.com

Presto Announces Signed Agreements with 13 QSR Franchise Groups Representing More than 500 Locations Combined

August 2, 2023 | finanznachrichten.de

Presto Automation Inc.: Presto Names Xavier Casanova as New CEO

See More Headlines

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Company Calendar

Last Earnings: 11/20/2023
Today: 12/08/2023
Next Earnings (Estimated): 2/13/2024
Fiscal Year End: 6/30/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Prepackaged software
Sub-Industry: N/A
Sector: Business Services
Current Symbol: NASDAQ:PRST
CUSIP: N/A
CIK: 1822145
Web: presto.com
Phone: 650-817-9012
Fax: N/A
Employees: 137
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $5.00
High Stock Price Target: $5.00
Low Stock Price Target: $5.00
Potential Upside/Downside: +704.8%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($1.23)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-34,480,000.00
Net Margins: -270.03%
Pretax Margin: -270.01%
Return on Equity: N/A
Return on Assets: -134.09%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 0.29
Quick Ratio: 0.28

Sales & Book Value

Annual Sales: $23.24 million
Price / Sales: 1.80
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: ($0.87) per share
Price / Book: -0.71

Miscellaneous

Outstanding Shares: 67,220,000
Free Float: 41,206,000
Market Cap: $41.76 million
Optionable: Not Optionable
Beta: 1.75

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Key Executives

Mr. Xavier Casanova (Age 47)
Chief Executive Officer
Comp: $390.75k
Mr. Nathan J. Cook CPA
Interim Chief Financial Officer
Mr. Stanley Mbugua (Age 52)
Chief Accounting Officer
Mr. William Healey (Age 39)
Chief Technology Officer
Adam Rogers
Vice President of Investor Relations
Ms. Susan Shinoff
General Counsel & Corporate Secretary
Mr. Justin Foster (Age 43)
Chief Revenue Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

PRST Stock Analysis - Frequently Asked Questions

Should I buy or sell Presto Automation stock right now?: 1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Presto Automation in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" PRST shares.
View PRST analyst ratings or view top-rated stocks.
What is Presto Automation's stock price target for 2024?: 1 analysts have issued twelve-month price targets for Presto Automation's stock. Their PRST share price targets range from $5.00 to $5.00. On average, they expect the company's stock price to reach $5.00 in the next year. This suggests a possible upside of 704.8% from the stock's current price.
View analysts price targets for PRST or view top-rated stocks among Wall Street analysts.
How have PRST shares performed in 2023?: Presto Automation's stock was trading at $2.29 on January 1st, 2023. Since then, PRST shares have decreased by 72.9% and is now trading at $0.6213.
View the best growth stocks for 2023 here.
Are investors shorting Presto Automation?: Presto Automation saw a increase in short interest in the month of November. As of November 15th, there was short interest totaling 360,500 shares, an increase of 194.3% from the October 31st total of 122,500 shares. Based on an average daily volume of 187,300 shares, the short-interest ratio is presently 1.9 days. Approximately 1.6% of the shares of the stock are short sold.
View Presto Automation's Short Interest.
When is Presto Automation's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 13th 2024.
View our PRST earnings forecast.
How were Presto Automation's earnings last quarter?: Presto Automation Inc. (NASDAQ:PRST) posted its quarterly earnings results on Monday, November, 20th. The leader in drive-thru voice AI reported $0.08 EPS for the quarter, beating the consensus estimate of ($0.21) by $0.29. The leader in drive-thru voice AI earned $4.89 million during the quarter.

What ETF holds Presto Automation's stock ?: Invesco Dorsey Wright Technology Momentum ETF holds 1,236,994 shares of PRST stock, representing 1.58% of its portfolio.
What guidance has Presto Automation issued on next quarter's earnings?: Presto Automation issued an update on its second quarter 2024 earnings guidance on Monday, November, 20th. The company provided EPS guidance of for the period. The company issued revenue guidance of $4.80 million-$5.00 million, compared to the consensus revenue estimate of $5.00 million.
Who are Presto Automation's major shareholders?: Presto Automation's stock is owned by many different retail and institutional investors. Top institutional investors include Schechter Investment Advisors LLC (0.82%), Kepos Capital LP (0.79%), Charles Schwab Investment Management Inc. (0.23%) and Harbour Capital Advisors LLC (0.12%). Insiders that own company stock include Avenue Food & Bevera Cleveland, Dan Mosher, Rajat Suri and Xavier Casanova.
View institutional ownership trends.
How do I buy shares of Presto Automation?: Shares of PRST 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.

This page (NASDAQ:PRST) was last updated on 12/9/2023 by MarketBeat.com Staff

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