Peraso (NASDAQ:PRSO) Price Target Lowered to $3.00 at Benchmark

Peraso (NASDAQ:PRSO) had its price target dropped by investment analysts at Benchmark from $4.00 to $3.00 in a report released on Wednesday,Benzinga reports. The firm currently has a “speculative buy” rating on the stock. Benchmark’s target price would indicate a potential upside of 183.02% from the stock’s previous close.

Peraso Price Performance

Peraso stock opened at $1.06 on Wednesday. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.20 and a quick ratio of 0.74. The stock has a market cap of $3.00 million, a price-to-earnings ratio of -0.07 and a beta of 1.73. The firm has a 50-day moving average of $1.51 and a two-hundred day moving average of $1.44. Peraso has a 1 year low of $0.92 and a 1 year high of $11.20.

Peraso (NASDAQ:PRSO) last posted 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 net margin of 119.82% and a negative return on equity of 242.83%. The company had revenue of $4.24 million for the quarter, compared to the consensus estimate of $4.20 million. On average, research analysts forecast that Peraso will post -3.28 earnings per share for the current 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.