Benchmark Cuts Peraso (NASDAQ:PRSO) Price Target to $3.00

Peraso (NASDAQ:PRSO) had its target price lowered by Benchmark from $4.00 to $3.00 in a report issued on Wednesday morning,Benzinga reports. The firm currently has a speculative buy rating on the stock.

Peraso Price Performance

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. The business has a fifty day moving average of $1.48 and a 200 day moving average of $1.43. Peraso has a 52-week low of $0.73 and a 52-week high of $11.20. The stock has a market cap of $2.35 million, a P/E ratio of -0.05 and a beta of 1.73.

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.