Ratios Revealed: Decoding Presto Automation Inc (PRST)’s Financial Health

Beyond market trends, investors keen on maximizing returns delve into the world of stock picking. The right selections can be instrumental in catapulting your wealth.

The closing price of Presto Automation Inc (NASDAQ: PRST) was $0.16 for the day, down -5.05% from the previous closing price of $0.17. In other words, the price has decreased by -$5.05 from its previous closing price. On the day, 0.88 million shares were traded. PRST stock price reached its highest trading level at $0.169 during the session, while it also had its lowest trading level at $0.155.


Our analysis of PRST’s different ratios will help us gain a deeper understanding of the company. 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:

Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 17324472 and an Enterprise Value of 68957048. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.78. Its current Enterprise Value per Revenue stands at 3.252 whereas that against EBITDA is -1.381.

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 -22.11%, while the 200-Day Moving Average is calculated to be -86.34%.

Shares Statistics:

PRST traded an average of 4.84M shares per day over the past three months and 384170 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 6.85% stake in the company. Shares short for PRST as of 1714435200 were 1725822 with a Short Ratio of 0.36, compared to 1711584000 on 3043283. Therefore, it implies a Short% of Shares Outstanding of 1725822 and a Short% of Float of 2.4300002000000003.

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