Peraso Inc. (NASDAQ:PRSO – Get Free Report)’s stock price dropped 7.9% during trading on Friday . The company traded as low as $1.29 and last traded at $1.29. Approximately 39,263 shares traded hands during mid-day trading, a decline of 86% from the average daily volume of 290,078 shares. The stock had previously closed at $1.40.
Peraso Stock Down 7.9 %
The company has a debt-to-equity ratio of 0.09, a current ratio of 1.22 and a quick ratio of 0.65. The company has a market capitalization of $1.86 million, a PE ratio of -0.05 and a beta of 1.84. The business has a 50-day moving average of $1.61 and a 200 day moving average of $5.41.
Peraso (NASDAQ:PRSO – Get Free Report) last announced its quarterly earnings results on Monday, March 18th. The company reported ($3.76) EPS for the quarter, missing analysts’ consensus estimates of ($3.41) by ($0.35). The business had revenue of $1.83 million during the quarter, compared to the consensus estimate of $1.70 million. Peraso had a negative net margin of 122.15% and a negative return on equity of 172.90%. During the same period in the previous year, the business posted ($8.00) EPS. Equities research analysts predict that Peraso Inc. will post -3.9 earnings per share for the current year.
Institutional Inflows and Outflows
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.
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