Market Insight: Presto Automation Inc (PRST)’s Notable Drop, Closing at 0.07

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In the latest session, Presto Automation Inc (NASDAQ: PRST) closed at $0.07 down -10.44% from its previous closing price of $0.08. In other words, the price has decreased by -$10.44 from its previous closing price. On the day, 12.6 million shares were traded. PRST stock price reached its highest trading level at $0.08 during the session, while it also had its lowest trading level at $0.0719.

Ratios:

For a deeper understanding of Presto Automation Inc’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.10 and its Current Ratio is at 0.10.

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:

Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Jun 11 ’24 when Mbugua Stanley sold 1,318 shares for $0.12 per share. The transaction valued at 153 led to the insider holds 274,623 shares of the business.

Hoffman-Flynt Katherine sold 59,661 shares of PRST for $10,500 on May 23 ’24. The Chief Operating Officer now owns 287,291 shares after completing the transaction at $0.18 per share. On May 23 ’24, another insider, Mbugua Stanley, who serves as the CAO and Interim CFO of the company, sold 36,559 shares for $0.18 each. As a result, the insider received 6,434 and left with 275,941 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 11852449 and an Enterprise Value of 66194796. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.62. Its current Enterprise Value per Revenue stands at 3.475 whereas that against EBITDA is -1.212.

Stock Price History:

The Beta on a monthly basis for PRST is 1.41, which has changed by -0.97838616 over the last 52 weeks, in comparison to a change of 0.26253593 over the same period for the S&P500. Over the past 52 weeks, PRST has reached a high of $5.74, while it has fallen to a 52-week low of $0.07. The 50-Day Moving Average of the stock is -43.21%, while the 200-Day Moving Average is calculated to be -87.48%.

Shares Statistics:

For the past three months, PRST has traded an average of 18.07M shares per day and 17043280 over the past ten days. A total of 158.88M shares are outstanding, with a floating share count of 94.38M. Insiders hold about 40.59% of the company’s shares, while institutions hold 4.25% stake in the company. Shares short for PRST as of 1718323200 were 3504966 with a Short Ratio of 0.19, compared to 1715731200 on 1357667. Therefore, it implies a Short% of Shares Outstanding of 3504966 and a Short% of Float of 2.6600001.

Earnings Estimates

Investors are keenly observing as 1.0 analysts analyze and rate the current performance of Presto Automation Inc (PRST) in the stock market.On average, analysts expect EPS of -$0.1 for the current quarter, with a high estimate of -$0.1 and a low estimate of -$0.1, while EPS last year was -$0.3. The consensus estimate for the next quarter is -$0.09, with high estimates of -$0.09 and low estimates of -$0.09.

Analysts are recommending an EPS of between -$0.36 and -$0.36 for the fiscal current year, implying an average EPS of -$0.36. EPS for the following year is -$0.28, with 1.0 analysts recommending between -$0.28 and -$0.28.

Revenue Estimates

A total of 1 analysts believe the company’s revenue will be $2.6M this quarter.It ranges from a high estimate of $2.6M to a low estimate of $2.6M. As of the current estimate, Presto Automation Inc’s year-ago sales were $4.82MFor the next quarter, 1 analysts are estimating revenue of $4.5M. There is a high estimate of $4.5M for the next quarter, whereas the lowest estimate is $4.5M.

A total of 1 analysts have provided revenue estimates for PRST’s current fiscal year. The highest revenue estimate was $14.4M, while the lowest revenue estimate was $14.4M, resulting in an average revenue estimate of $14.4M. In the same quarter a year ago, actual revenue was $26.14MBased on 1 analysts’ estimates, the company’s revenue will be $22.9M in the next fiscal year. The high estimate is $22.9M and the low estimate is $22.9M.

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