Benchmark Has Lowered Expectations for Peraso (NASDAQ:PRSO) Stock Price

Peraso (NASDAQ:PRSO) had its price target cut by Benchmark from $4.00 to $3.00 in a research report sent to investors on Wednesday,Benzinga reports. They currently have a speculative buy rating on the stock.

Peraso Trading Up 9.9 %

Shares of NASDAQ:PRSO opened at $0.83 on Wednesday. The company has a quick ratio of 0.74, a current ratio of 1.20 and a debt-to-equity ratio of 0.07. Peraso has a 52-week low of $0.73 and a 52-week high of $11.20. The business has a 50-day moving average price of $1.48 and a 200-day moving average price of $1.43. The stock has a market cap of $2.35 million, a price-to-earnings ratio of -0.05 and a beta of 1.73.

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.