Peraso (NASDAQ:PRSO) Rating Reiterated by Benchmark

Peraso (NASDAQ:PRSO)‘s stock had its “speculative buy” rating restated by analysts at Benchmark in a research note issued to investors on Monday, Benzinga reports. They currently have a $4.00 price target on the stock. Benchmark’s price objective indicates a potential upside of 185.71% from the stock’s previous close.

Separately, LADENBURG THALM/SH SH initiated coverage on Peraso in a report on Wednesday, June 12th. They issued a “buy” rating and a $3.75 target price on the stock.

Peraso Stock Performance

NASDAQ PRSO opened at $1.40 on Monday. Peraso has a twelve month low of $1.15 and a twelve month high of $15.66. The company has a quick ratio of 0.74, a current ratio of 1.20 and a debt-to-equity ratio of 0.07. The stock has a market cap of $3.77 million, a P/E ratio of -0.07 and a beta of 1.79. The company’s 50-day simple moving average is $1.39 and its 200 day simple moving average is $1.41.

Peraso (NASDAQ:PRSO) last released its quarterly earnings data on Monday, August 12th. The company reported ($1.37) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.73) by ($0.64). Peraso had a negative net margin of 119.82% and a negative return on equity of 242.83%. The company had revenue of $4.24 million for the quarter, compared to analyst estimates of $4.20 million. As a group, research analysts forecast that Peraso will post -3.28 earnings per share for the current fiscal year.

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.