Benchmark Lowers Peraso (NASDAQ:PRSO) Price Target to $3.00

Peraso (NASDAQ:PRSO) had its price objective dropped by analysts at Benchmark from $4.00 to $3.00 in a report released on Wednesday,Benzinga reports. The firm currently has a “speculative buy” rating on the stock. Benchmark’s target price points to a potential upside of 304.75% from the company’s current price.

Peraso Trading Down 1.7 %

Shares of PRSO traded down $0.01 during mid-day trading on Wednesday, reaching $0.74. The company’s stock had a trading volume of 26,160 shares, compared to its average volume of 447,919. The stock has a market cap of $2.10 million, a PE ratio of -0.05 and a beta of 1.73. The company has a current ratio of 1.20, a quick ratio of 0.74 and a debt-to-equity ratio of 0.07. Peraso has a 52 week low of $0.73 and a 52 week high of $11.20. The company’s fifty day moving average price is $1.49 and its two-hundred day moving average price is $1.43.

Peraso (NASDAQ:PRSO) last announced its quarterly earnings data on Monday, August 12th. The company reported ($1.37) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.73) by ($0.64). Peraso had a negative return on equity of 320.39% and a negative net margin of 142.26%. The business had revenue of $4.24 million during the quarter, compared to the consensus estimate of $4.20 million. On average, analysts predict that Peraso will post -3.28 earnings per share for the current fiscal year.

About Peraso

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.