Those determined to outshine the market strategically focus on the selection of individual stocks. Well-chosen stocks have the potential to substantially boost your wealth.
As of close of business last night, Presto Automation Inc’s stock clocked out at $0.17, down -0.59% from its previous closing price of $0.17. In other words, the price has decreased by -$0.59 from its previous closing price. On the day, 0.61 million shares were traded. PRST stock price reached its highest trading level at $0.1743 during the session, while it also had its lowest trading level at $0.1661.
Ratios:
To gain a deeper understanding of PRST’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.25 and its Current Ratio is at 0.26.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Chardan Capital Markets on June 01, 2023, Upgraded its rating to Buy and sets its target price to $5 from $4.25 previously.
On December 09, 2022, Chardan Capital Markets started tracking the stock assigning a Neutral rating and target price of $4.25.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Dec 08 ’23 when Kravcik Keith E sold 22,687 shares for $0.62 per share. The transaction valued at 14,066 led to the insider holds 400,000 shares of the business.
Kravcik Keith E sold 15,800 shares of PRST for $10,428 on Dec 07 ’23. The Director now owns 422,687 shares after completing the transaction at $0.66 per share. On Nov 24 ’23, another insider, Mosher Dan, who serves as the PRESIDENT of the company, sold 23,334 shares for $0.57 each. As a result, the insider received 13,279 and left with 279,779 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, PRST now has a Market Capitalization of 17522404 and an Enterprise Value of 69789208. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.83. Its current Enterprise Value per Revenue stands at 3.291 whereas that against EBITDA is -1.398.
Stock Price History:
Over the past 52 weeks, PRST has reached a high of $5.74, while it has fallen to a 52-week low of $0.14. The 50-Day Moving Average of the stock is -24.92%, while the 200-Day Moving Average is calculated to be -86.43%.
Shares Statistics:
It appears that PRST traded 4.87M shares on average per day over the past three months and 389750 shares per day over the past ten days. A total of 104.18M shares are outstanding, with a floating share count of 58.67M. Insiders hold about 43.68% of the company’s shares, while institutions hold 6.69% stake in the company. Shares short for PRST as of 1713139200 were 2127959 with a Short Ratio of 0.44, compared to 1710460800 on 1654760. Therefore, it implies a Short% of Shares Outstanding of 2127959 and a Short% of Float of 2.9899999999999998.
