Benchmark Has Lowered Expectations for Peraso (NASDAQ:PRSO) Stock Price

Peraso (NASDAQ:PRSO) had its price target reduced by Benchmark from $4.00 to $3.00 in a research report released on Wednesday,Benzinga reports. Benchmark currently has a speculative buy rating on the stock.

Peraso Price Performance

NASDAQ:PRSO opened at $0.85 on Wednesday. The firm has a market capitalization of $2.41 million, a price-to-earnings ratio of -0.05 and a beta of 1.73. Peraso has a 52-week low of $0.85 and a 52-week high of $11.20. The stock has a fifty day moving average of $1.50 and a 200 day moving average of $1.44. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.74 and a current ratio of 1.20.

Peraso (NASDAQ:PRSO) last issued its quarterly earnings results on Monday, August 12th. The company reported ($1.37) earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $4.24 million for the quarter, compared to the consensus estimate of $4.20 million. On average, research analysts expect that Peraso 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.