Peraso (NASDAQ:PRSO) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Peraso (NASDAQ:PRSO) to a hold rating in a research report released on Saturday.

Several other analysts have also commented on the company. Benchmark reaffirmed a “buy” rating and issued a $3.00 price objective on shares of Peraso in a report on Monday, June 23rd. Weiss Ratings reissued a “sell (e+)” rating on shares of Peraso in a research report on Wednesday, October 8th. Zacks Research upgraded Peraso from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 6th. Finally, LADENBURG THALM/SH SH raised shares of Peraso to a “strong-buy” rating in a research report on Thursday, October 2nd. Two research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $3.00.

Peraso Trading Down 10.2%

NASDAQ:PRSO opened at $1.58 on Friday. The company has a current ratio of 2.03, a quick ratio of 1.48 and a debt-to-equity ratio of 0.04. Peraso has a 12 month low of $0.52 and a 12 month high of $2.37. The company has a market cap of $12.31 million, a PE ratio of -0.90 and a beta of 1.00. The company has a 50 day simple moving average of $1.18 and a two-hundred day simple moving average of $1.03.

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.