Peraso (NASDAQ:PRSO) Earns “Speculative Buy” Rating from Benchmark

Peraso (NASDAQ:PRSO)‘s stock had its “speculative buy” rating reaffirmed by equities researchers at Benchmark in a research note issued on Tuesday, Benzinga reports. They presently have a $4.00 price objective on the stock. Benchmark’s price objective suggests a potential upside of 175.86% from the stock’s previous close.

Separately, LADENBURG THALM/SH SH began coverage on Peraso in a research report on Wednesday, June 12th. They set a “buy” rating and a $3.75 price target for the company.

Peraso Stock Performance

PRSO stock traded up $0.04 during trading on Tuesday, reaching $1.45. The stock had a trading volume of 278,505 shares, compared to its average volume of 505,862. The firm has a market cap of $3.90 million, a PE ratio of -0.07 and a beta of 1.79. Peraso has a 52 week low of $1.15 and a 52 week high of $15.66. The stock’s 50 day moving average is $1.42 and its two-hundred day moving average is $1.43. The company has a current ratio of 1.20, a quick ratio of 0.74 and a debt-to-equity ratio of 0.07.

Peraso (NASDAQ:PRSO) last announced its quarterly earnings data on Monday, August 12th. The company reported ($1.37) EPS for the quarter, missing the consensus estimate of ($0.73) by ($0.64). The business had revenue of $4.24 million during the quarter, compared to the consensus estimate of $4.20 million. Peraso had a negative net margin of 119.82% and a negative return on equity of 242.83%. As a group, equities analysts anticipate 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.