Should I buy or sell Presto Automation stock right now?

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Presto Automation in the last twelve months. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" PRST shares. View PRST analyst ratings or view top-rated stocks .

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

3 Wall Street research analysts have issued twelve-month price targets for Presto Automation's stock. Their PRST share price targets range from $0.62 to $5.00. On average, they predict the company's share price to reach $2.54 in the next year. This suggests a possible upside of 1,381.9% 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 2024?

Presto Automation's stock was trading at $0.5315 at the beginning of 2024. Since then, PRST shares have decreased by 67.8% and is now trading at $0.1714. View the best growth stocks for 2024 here .

Are investors shorting Presto Automation?

Presto Automation saw a increase in short interest in the month of March. As of March 31st, there was short interest totaling 3,040,000 shares, an increase of 84.2% from the March 15th total of 1,650,000 shares. Based on an average daily volume of 4,600,000 shares, the days-to-cover ratio is presently 0.7 days. Currently, 6.6% of the company's 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 Thursday, May 16th 2024. View our PRST earnings forecast .

How were Presto Automation's earnings last quarter?

Presto Automation Inc. (NASDAQ:PRST) announced its earnings results on Monday, November, 20th. The leader in drive-thru voice AI reported $0.08 EPS for the quarter, beating analysts' consensus estimates of ($0.21) by $0.29. The leader in drive-thru voice AI had revenue of $4.89 million for the quarter.

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

NASDAQ:PRST

Presto Automation (PRST) Stock Price, News & Analysis

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Free PRST Stock Alerts

$0.17

0.00 (0.00%)

(As of 04/18/2024 ET)

Compare

Today's Range: $0.17
▼
$0.18
50-Day Range: $0.17
▼
$0.57
52-Week Range: $0.14
▼
$5.74

Volume: 484,253 shs
Average Volume: 4.09 million shs
Market Capitalization: $16.31 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $2.54

Get Presto Automation alerts:

Presto Automation MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.67 Rating Score
Upside/Downside: 1,381.9% Upside
$2.54 Price Target
Short Interest: Bearish
6.59% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: Decreasing
From ($0.32) to ($0.33) 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.

0.84 out of 5 stars

Business Services Sector

264th out of 293 stocks

Prepackaged Software Industry

174th out of 190 stocks

3.3

Analyst's Opinion

Consensus Rating
Presto Automation has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.
Amount of Analyst Coverage
Presto Automation has received no research coverage in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
6.59% 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 0.7, 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 84.24%, 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.

0.6

News and Social Media Coverage

Search Interest
Only 4 people have searched for PRST on MarketBeat in the last 30 days. This is a decrease of -71% compared to the previous 30 days.
MarketBeat Follows
7 people have added Presto Automation to their MarketBeat watchlist in the last 30 days. This is an increase of 133% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Presto Automation insiders have not sold or bought any company stock.
Percentage Held by Insiders
36.40% 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 20.94% of the stock of Presto Automation is held by institutions.

0.0

Earnings and Valuation

Earnings Growth
Earnings for Presto Automation are expected to decrease in the coming year, from ($0.32) to ($0.33) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Presto Automation is -0.14, 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 -0.14, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

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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

March 19, 2024 | marketwatch.com

Presto Automation To Cut 18% Of Workforce As Part of Tablet Business Wind-Down

March 15, 2024 | seekingalpha.com

Rail Vision's selling shareholders to offer 18.4M shares - filing

April 19, 2024 | DTI (Ad)

Biden’s $374B Giveaway Into This Sector

Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here

March 14, 2024 | globenewswire.com

Presto Automation Announces Pricing of $1.2M Registered Direct Offering Priced above Nasdaq Minimum Price

March 14, 2024 | investorplace.com

Why Is Presto Automation (PRST) Stock Up 77% Today?

March 6, 2024 | investorplace.com

3 Penny Stocks Projected to Have Massive Gains in 2024 (and Beyond)

March 5, 2024 | globenewswire.com

Presto Automation cancels Fiscal Second Quarter 2024 earnings call

March 2, 2024 | uk.investing.com

Presto Automation announces $2.1 million sale of common stock

April 19, 2024 | DTI (Ad)

Biden’s $374B Giveaway Into This Sector

Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here

March 1, 2024 | globenewswire.com

Presto to Report Fiscal Second Quarter 2024 Financial Results

February 29, 2024 | msn.com

Presto Automation prices $2.1M registered direct offering

February 29, 2024 | msn.com

Why Presto Automation (PRST) Stock Is Getting Hammered

February 29, 2024 | globenewswire.com

Presto Automation Announces Pricing of Approximately $2.1M Registered Direct Offering

February 28, 2024 | theglobeandmail.com

This Stock Duo Is Having Compounding Success This Week

February 15, 2024 | investing.com

Presto Automation secures $6 million in convertible notes

February 12, 2024 | finanznachrichten.de

Presto Automation Inc.: Presto Automation Raises $6.0 Million and Wins Final Appeal in Case Against XAC

February 12, 2024 | msn.com

Presto Automation secures $6M financing

February 12, 2024 | finance.yahoo.com

Presto Automation Raises $6.0 Million and Wins Final Appeal in Case Against XAC

February 9, 2024 | msn.com

Presto Automation Competes for Checkers Amid Financial Optimism

February 9, 2024 | msn.com

Presto Automation CEO Xavier Casanova Resigns Suddenly

February 3, 2024 | msn.com

Presto Automation Seeks Funds to Sustain Operations

February 3, 2024 | msn.com

Presto Automation Strikes Major Investment Agreement

January 31, 2024 | benzinga.com

Presto Automation Stock (NASDAQ:PRST) Dividends: History, Yield and Dates

December 19, 2023 | msn.com

Jefferies Initiates Coverage of Presto Automation (PRST) with Hold Recommendation

December 19, 2023 | markets.businessinsider.com

Presto Automation: Hold Rating Amidst Early Stage Growth and Financial Uncertainty

December 18, 2023 | msn.com

Presto gains after Jefferies initiates on Hold, eyeing potential of Voice business

December 18, 2023 | finance.yahoo.com

Presto Announces Stanford PhD and AI technologist Debarag Banerjee as Head of Voice Engineering

See More Headlines

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Company Calendar

Last Earnings: 11/20/2023
Today: 4/18/2024
Next Earnings (Estimated): 5/16/2024
Fiscal Year End: 6/30/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Business Services
Industry: Prepackaged software
Sub-Industry: N/A
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: $2.54
High Stock Price Target: $5.00
Low Stock Price Target: $0.62
Potential Upside/Downside: +1,381.9%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.67
Research Coverage: 3 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($1.21)
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: -306.18%
Pretax Margin: -306.18%
Return on Equity: N/A
Return on Assets: -162.00%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 0.28
Quick Ratio: 0.27

Sales & Book Value

Annual Sales: $26.14 million
Price / Sales: 0.62
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: ($0.87) per share
Price / Book: -0.20

Miscellaneous

Outstanding Shares: 95,140,000
Free Float: 60,510,000
Market Cap: $16.31 million
Optionable: Not Optionable
Beta: 1.68

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Key Executives

Mr. Guillaume Lefevre (Age 34)
Interim Chief Executive Officer
Mr. Stanley Mbugua (Age 52)
Interim Chief Financial Officer
Ms. Kat Hoffman-Flynt
Chief Operating Officer
Mr. William Healey (Age 40)
Chief Technology Officer
Adam Rogers
Vice President of Investor Relations
Ms. Susan Shinoff
General Counsel & Corporate Secretary
Mr. Debarag Banerjee
Head of Voice Engineering
Mr. David Rudd-Jones
Chief of Staff

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?: 3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Presto Automation in the last twelve months. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" PRST shares.
View PRST analyst ratings or view top-rated stocks.
What is Presto Automation's stock price target for 2024?: 3 Wall Street research analysts have issued twelve-month price targets for Presto Automation's stock. Their PRST share price targets range from $0.62 to $5.00. On average, they predict the company's share price to reach $2.54 in the next year. This suggests a possible upside of 1,381.9% 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 2024?: Presto Automation's stock was trading at $0.5315 at the beginning of 2024. Since then, PRST shares have decreased by 67.8% and is now trading at $0.1714.
View the best growth stocks for 2024 here.
Are investors shorting Presto Automation?: Presto Automation saw a increase in short interest in the month of March. As of March 31st, there was short interest totaling 3,040,000 shares, an increase of 84.2% from the March 15th total of 1,650,000 shares. Based on an average daily volume of 4,600,000 shares, the days-to-cover ratio is presently 0.7 days. Currently, 6.6% of the company's 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 Thursday, May 16th 2024.
View our PRST earnings forecast.
How were Presto Automation's earnings last quarter?: Presto Automation Inc. (NASDAQ:PRST) announced its earnings results on Monday, November, 20th. The leader in drive-thru voice AI reported $0.08 EPS for the quarter, beating analysts' consensus estimates of ($0.21) by $0.29. The leader in drive-thru voice AI had revenue of $4.89 million for the quarter.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:PRST) was last updated on 4/19/2024 by MarketBeat.com Staff

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