Peraso Inc. (NASDAQ:PRSO – Get Free Report) 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.
Read Our Latest Stock Analysis on Peraso
Peraso Trading Up 4.5 %
Peraso (NASDAQ:PRSO – Get Free Report) 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.
Read More
- Five stocks we like better than Peraso
- What Are Some of the Best Large-Cap Stocks to Buy?
- Chinese Stocks Cool Off: Time to Buy the Dip in These 2 Stocks?
- How to Invest in the Best Canadian Stocks
- Goldman Sachs Highlights 3 Top Short Squeeze Stocks to Watch
- How is Compound Interest Calculated?
- Walmart is Up 56% YTD, Is it Still a Top Consumer Staples Stock?
Receive News & Ratings for Peraso Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Peraso and related companies with MarketBeat.com's FREE daily email newsletter.