Peraso (NASDAQ:PRSO) Price Target Cut to $3.00 by Analysts at Benchmark

Peraso (NASDAQ:PRSO) had its price objective decreased by Benchmark from $4.00 to $3.00 in a research note issued to investors on Wednesday morning,Benzinga reports. Benchmark currently has a speculative buy rating on the stock.

Peraso Stock Performance

NASDAQ:PRSO opened at $0.85 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 business has a fifty day simple moving average of $1.50 and a two-hundred day simple moving average of $1.44. Peraso has a 1 year low of $0.85 and a 1 year high of $11.20. The company has a market capitalization of $2.41 million, a P/E ratio of -0.05 and a beta of 1.73.

Peraso (NASDAQ:PRSO) 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). The company had revenue of $4.24 million during the quarter, compared to analysts’ expectations of $4.20 million. Peraso had a negative net margin of 142.26% and a negative return on equity of 320.39%. On average, analysts expect 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.