Peraso Inc. (NASDAQ:PRSO – Get Free Report) was the recipient of a significant growth in short interest in the month of October. As of October 31st, there was short interest totalling 377,900 shares, a growth of 102.5% from the October 15th total of 186,600 shares. Based on an average trading volume of 138,300 shares, the days-to-cover ratio is presently 2.7 days. Approximately 15.1% of the shares of the company are short sold.
Analyst Ratings Changes
Separately, Benchmark lowered their price target on shares of Peraso from $4.00 to $3.00 and set a “speculative buy” rating on the stock in a report on Wednesday.
View Our Latest Research Report on PRSO
Peraso Stock Performance
Peraso (NASDAQ:PRSO – Get Free Report) last issued 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 analyst estimates of $4.20 million. Peraso had a negative net margin of 142.26% and a negative return on equity of 320.39%. As a group, sell-side analysts predict 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.
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