Peraso’s (PRSO) Speculative Buy Rating Reiterated at Benchmark

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

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

Peraso Trading Up 2.9 %

PRSO stock traded up $0.04 on Tuesday, hitting $1.45. 278,505 shares of the company were exchanged, compared to its average volume of 505,862. Peraso has a twelve month low of $1.15 and a twelve month high of $15.66. 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 capitalization of $3.90 million, a price-to-earnings ratio of -0.07 and a beta of 1.79. The business’s fifty day moving average is $1.42 and its two-hundred day moving average is $1.43.

Peraso (NASDAQ:PRSO) last issued its quarterly earnings data on Monday, August 12th. The company reported ($1.37) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 return on equity of 242.83% and a negative net margin of 119.82%. As a group, research analysts forecast that Peraso will post -3.28 earnings per share for the current year.

About Peraso

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.