Peraso’s (PRSO) Speculative Buy Rating Reiterated at Benchmark

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

Separately, LADENBURG THALM/SH SH started coverage on shares of Peraso in a research note on Wednesday, June 12th. They set a “buy” rating and a $3.75 price target for the company.

Peraso Price Performance

Shares of NASDAQ PRSO opened at $1.40 on Monday. The company has a fifty day moving average price of $1.39 and a 200 day moving average price of $1.41. The firm has a market cap of $3.77 million, a PE ratio of -0.07 and a beta of 1.79. The company has a current ratio of 1.20, a quick ratio of 0.74 and a debt-to-equity ratio of 0.07. Peraso has a 1-year low of $1.15 and a 1-year high of $15.66.

Peraso (NASDAQ:PRSO) last posted its quarterly earnings data 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 firm had revenue of $4.24 million for the quarter, compared to analyst estimates of $4.20 million. Peraso had a negative return on equity of 242.83% and a negative net margin of 119.82%. Research analysts predict that Peraso will post -3.28 earnings per share for the current fiscal 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.