Peraso (NASDAQ:PRSO) Stock Rating Upgraded by Wall Street Zen

Peraso (NASDAQ:PRSO) was upgraded by Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Saturday.

A number of other research firms have also recently issued reports on PRSO. Williams Trading set a $3.00 price target on shares of Peraso in a research note on Friday, December 5th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Peraso in a research report on Monday, December 29th. Zacks Research raised shares of Peraso from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 6th. LADENBURG THALM/SH SH raised shares of Peraso to a “strong-buy” rating in a research note on Thursday, October 2nd. Finally, Benchmark reiterated a “buy” rating and set a $3.00 price objective on shares of Peraso in a research note on Friday, December 5th. Two analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $3.00.

Peraso Stock Performance

Shares of Peraso stock opened at $0.90 on Friday. The firm has a 50-day simple moving average of $1.02 and a two-hundred day simple moving average of $1.09. Peraso has a fifty-two week low of $0.52 and a fifty-two week high of $2.37. The company has a market cap of $8.09 million, a P/E ratio of -0.95 and a beta of 1.09.

Peraso (NASDAQ:PRSO) last announced its quarterly earnings results on Monday, November 10th. The company reported ($0.15) earnings per share for the quarter, beating the consensus estimate of ($0.25) by $0.10. The firm had revenue of $3.23 million during the quarter, compared to analyst estimates of $3.03 million. Peraso had a negative return on equity of 125.68% and a negative net margin of 39.00%. Equities research analysts forecast that Peraso will post -3.11 EPS for the current year.

Peraso Company Profile

Peraso Technologies Inc is a Canadian semiconductor company specializing in the research, design and development of millimeter wave (mmWave) wireless communication solutions. The company’s core focus lies in the 60 GHz frequency band, where it engineers high-performance integrated circuits and beamforming solutions designed to deliver multi-gigabit wireless connectivity. Peraso’s technology is tailored for applications demanding high data throughput, low latency and reliable short-range wireless links.

The company’s product portfolio includes 60 GHz chipset solutions for wireless local area networking (WiGig), fixed wireless access (FWA), small-cell backhaul and point-to-point communication links.