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Wednesday, December 6, 2023

Momentum Is Strong For Peraso Inc. (NASDAQ: PRSO)

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for Peraso Inc. (PRSO) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.0353, or 10.93%, to $0.3583. The Peraso Inc. has recorded 1,515,618 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Peraso to Announce Third Quarter 2023 Financial Results.

Stocks Info

This NASDAQ-listed company operates within the Semiconductors industry segment, falling under the Technology sector. At the end of the last regular session, the stock closed at $0.32 and fluctuated between $0.3796 as its day high and $0.1580 as its day low. The current market capitalization of Peraso Inc. is $6.86M. A total of 99.27 million shares were traded on the day, compared to an average of 470.11K shares.

Insider trades can also provide insight into a stock’s future direction. During the recent three months, PRSO has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 4 BUYs and 9 SELLs from insiders. Insiders purchased 80,000 shares during that period but sold 79,340.

In the most recent transaction, McWalter Ian bought 50,000 shares of PRSO for 0.63 per share on Jun 09. After the transaction, the Director now owns 130,018 company shares. In a previous transaction on Jun 08, McWalter Ian bought 50,000 shares at 0.64 per share. PRSO shares that Director owns now total 80,018.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for PRSO in the last 3 months, the mean price target is $1.00 with high estimates of $1.00 and low estimates of $1.00. In terms of 52-week highs and lows, PRSO has a high of $1.54 and a low of $0.12.

As of this writing, PRSO has an earnings estimate of -$0.1 per share for the current quarter. EPS was calculated based on a consensus of 2 estimates, with a high estimate of -$0.09 per share and a lower estimate of -$0.11. The company reported an EPS of -$0.09 in the last quarter, which was 10.00% higher than expectations of -$0.1.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for PRSO is Buy with a score of 5.00.

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