Peraso Inc. (NASDAQ:PRSO) Short Interest Update

Peraso Inc. (NASDAQ:PRSO) was the target of a significant decline in short interest in the month of December. As of December 31st, there was short interest totaling 234,044 shares, a decline of 18.6% from the December 15th total of 287,584 shares. Based on an average trading volume of 287,625 shares, the days-to-cover ratio is presently 0.8 days. Approximately 2.7% of the shares of the company are short sold. Approximately 2.7% of the shares of the company are short sold. Based on an average trading volume of 287,625 shares, the days-to-cover ratio is presently 0.8 days.

Analyst Ratings Changes

PRSO has been the topic of several research analyst reports. Benchmark restated a “buy” rating and issued a $3.00 price target on shares of Peraso in a research report on Friday, December 5th. Zacks Research upgraded shares of Peraso from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 6th. LADENBURG THALM/SH SH upgraded Peraso to a “strong-buy” rating in a research note on Thursday, October 2nd. Williams Trading set a $3.00 price target on Peraso in a report on Friday, December 5th. Finally, Wall Street Zen raised Peraso from a “sell” rating to a “hold” rating in a report on Saturday, January 3rd. Two investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $3.00.

Peraso Trading Up 17.6%

NASDAQ PRSO traded up $0.17 on Monday, reaching $1.17. The company’s stock had a trading volume of 1,563,494 shares, compared to its average volume of 310,747. The firm has a market cap of $10.51 million, a PE ratio of -1.23 and a beta of 1.09. The business has a 50-day moving average price of $0.95 and a 200 day moving average price of $1.08. Peraso has a 52 week low of $0.52 and a 52 week high of $2.37.

Peraso (NASDAQ:PRSO) last announced its quarterly earnings results on Monday, November 10th. The company reported ($0.15) EPS for the quarter, topping analysts’ consensus estimates of ($0.25) by $0.10. The firm had revenue of $3.23 million during the quarter, compared to analysts’ expectations of $3.03 million. Peraso had a negative net margin of 39.00% and a negative return on equity of 125.68%. Analysts anticipate that Peraso will post -3.11 earnings per share for the current fiscal year.

About Peraso

Peraso Technologies Inc is a Canadian semiconductor company specializing in the research, design and development of millimeter wave (mmWave) wireless communication solutions. The company’s core focus lies in the 60 GHz frequency band, where it engineers high-performance integrated circuits and beamforming solutions designed to deliver multi-gigabit wireless connectivity. Peraso’s technology is tailored for applications demanding high data throughput, low latency and reliable short-range wireless links.

The company’s product portfolio includes 60 GHz chipset solutions for wireless local area networking (WiGig), fixed wireless access (FWA), small-cell backhaul and point-to-point communication links.