Peraso (NASDAQ:PRSO) Raised to Hold at Wall Street Zen

Peraso (NASDAQ:PRSO) was upgraded by investment analysts at Wall Street Zen to a “hold” rating in a research note issued on Saturday.

Several other research firms have also commented on PRSO. LADENBURG THALM/SH SH upgraded shares of Peraso to a “strong-buy” rating in a research report on Thursday, October 2nd. Benchmark reaffirmed a “buy” rating and issued a $3.00 target price on shares of Peraso in a research note on Monday, June 23rd. Zacks Research upgraded Peraso from a “hold” rating to a “strong-buy” rating in a report on Monday, October 6th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Peraso in a report on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $3.00.

Peraso Price Performance

Peraso stock opened at $1.76 on Friday. The firm has a market capitalization of $13.71 million, a PE ratio of -1.00 and a beta of 1.00. Peraso has a 52 week low of $0.52 and a 52 week high of $2.37. The firm’s 50-day simple moving average is $1.16 and its 200 day simple moving average is $1.02. The company has a quick ratio of 1.48, a current ratio of 2.03 and a debt-to-equity ratio of 0.04.

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.