Presto Automation Inc [PRST] stock is trading at $0.07, down -3.49%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The PRST shares have gain 2.86% over the last week, with a monthly amount drifted -30.64%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Presto Automation Inc [NASDAQ: PRST] stock has seen the most recent analyst activity on June 01, 2023, when Chardan Capital Markets upgraded its rating to a Buy and also boosted its price target to $5 from $4.25. Previously, Chardan Capital Markets started tracking the stock with Neutral rating on December 09, 2022, and set its price target to $4.25.
Presto Automation Inc [PRST] stock has fluctuated between $0.07 and $5.48 over the past year. Currently, Wall Street analysts expect the stock to reach $5 within the next 12 months. Presto Automation Inc [NASDAQ: PRST] shares were valued at $0.07 at the most recent close of the market. An investor can expect a potential return of 7042.86% based on the average PRST price forecast.
Analyzing the PRST fundamentals
Presto Automation Inc [NASDAQ:PRST] reported sales of 19.05M for the trailing twelve months, which represents a drop of -32.62%. Gross Profit Margin for this corporation currently stands at -0.05% with Operating Profit Margin at -3.28%, Pretax Profit Margin comes in at -3.53%, and Net Profit Margin reading is -3.53%. To continue investigating profitability, this company’s Return on Assets is posted at -3.3, Equity is 1.49 and Total Capital is 1.22. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-1.08.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 0.0701 points at the first support level, and at 0.0682 for the second support level. However, for the 1st resistance point, the stock is sitting at 0.0754, and for the 2nd resistance point, it is at 0.0788.
Ratios To Look Out For
For context, Presto Automation Inc’s Current Ratio is 0.10. Further, the Quick Ratio stands at 0.10, while the Cash Ratio is 0.06. Considering the valuation of this stock, the price to sales ratio is 0.60.
Transactions by insiders
Recent insider trading involved Mbugua Stanley, CAO and Interim CFO, that happened on Jun 11 ’24 when 1318.0 shares were sold. Chief Operating Officer, Hoffman-Flynt Katherine completed a deal on May 23 ’24 to sell 59661.0 shares. Meanwhile, CAO and Interim CFO Mbugua Stanley sold 36559.0 shares on May 23 ’24.
