Peraso (NASDAQ:PRSO) Stock Price Up 0.6% – Should You Buy?

Peraso Inc. (NASDAQ:PRSO) rose 0.6% during mid-day trading on Monday . The company traded as high as $1.87 and last traded at $1.76. Approximately 170,376 shares traded hands during mid-day trading, a decline of 63% from the average daily volume of 457,951 shares. The stock had previously closed at $1.75.

Analyst Ratings Changes

Separately, Benchmark restated a “speculative buy” rating and set a $4.00 price objective on shares of Peraso in a report on Monday, September 30th.

Peraso Trading Up 4.5 %

The company has a quick ratio of 0.74, a current ratio of 1.20 and a debt-to-equity ratio of 0.07. The stock’s 50 day moving average is $1.45 and its two-hundred day moving average is $1.42. The company has a market capitalization of $4.98 million, a PE ratio of -0.09 and a beta of 1.79.

Peraso (NASDAQ:PRSO) last announced its quarterly earnings results on Monday, August 12th. The company reported ($1.37) earnings per share for the quarter, missing the consensus estimate of ($0.73) by ($0.64). Peraso had a negative return on equity of 242.83% and a negative net margin of 119.82%. The business had revenue of $4.24 million during the quarter, compared to analysts’ expectations of $4.20 million. As a group, sell-side analysts predict that Peraso Inc. will post -3.28 EPS for the current fiscal year.

Peraso Company Profile

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.