Peraso (NASDAQ:PRSO) Stock Price Down 8.6% – Here’s What Happened

Peraso Inc. (NASDAQ:PRSO)’s stock price was down 8.6% on Thursday . The stock traded as low as $1.01 and last traded at $1.06. Approximately 310,232 shares changed hands during trading, a decline of 27% from the average daily volume of 427,440 shares. The stock had previously closed at $1.16.

Wall Street Analyst Weigh In

Separately, Benchmark lowered their target price on shares of Peraso from $4.00 to $3.00 and set a “speculative buy” rating for the company in a report on Wednesday, November 13th.

Peraso Stock Performance

The firm has a market capitalization of $4.89 million, a price-to-earnings ratio of -0.08 and a beta of 1.60. The firm has a fifty day moving average price of $1.08 and a 200 day moving average price of $1.33.

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.