The stock has a 36-month beta value of 1.39. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for PRST is 117.92M, and at present, short sellers hold a 1.54% of that float. On July 29, 2024, the average trading volume of PRST was 21.99M shares.
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PRST) stock’s latest price update
Presto Automation Inc (NASDAQ: PRST)’s stock price has plunge by 2.72relation to previous closing price of 0.07. Nevertheless, the company has seen a 1.65% surge in its stock price over the last five trading sessions. globenewswire.com reported 2024-06-03 that Mexican-inspired fast food restaurant collaborates with Presto and Qu to optimize its drive-thru operations, revenue, and guest experience Mexican-inspired fast food restaurant collaborates with Presto and Qu to optimize its drive-thru operations, revenue, and guest experience
PRST’s Market Performance
Presto Automation Inc (PRST) has seen a 1.65% rise in stock performance for the week, with a -23.02% decline in the past month and a -59.24% plunge in the past quarter. The volatility ratio for the week is 13.22%, and the volatility levels for the past 30 days are at 14.03% for PRST. The simple moving average for the past 20 days is -9.66% for PRST’s stock, with a -83.83% simple moving average for the past 200 days.
Analysts’ Opinion of PRST
Many brokerage firms have already submitted their reports for PRST stocks, with Chardan Capital Markets repeating the rating for PRST by listing it as a “Buy.” The predicted price for PRST in the upcoming period, according to Chardan Capital Markets is $5 based on the research report published on June 01, 2023 of the previous year 2023.
Chardan Capital Markets, on the other hand, stated in their research note that they expect to see PRST reach a price target of $4.25. The rating they have provided for PRST stocks is “Neutral” according to the report published on December 09th, 2022.
PRST Trading at -33.78% from the 50-Day Moving Average
After a stumble in the market that brought PRST to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -98.34% of loss for the given period.
Volatility was left at 14.03%, however, over the last 30 days, the volatility rate increased by 13.22%, as shares sank -20.12% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -57.00% lower at present.
During the last 5 trading sessions, PRST rose by +1.65%, which changed the moving average for the period of 200-days by -95.91% in comparison to the 20-day moving average, which settled at $0.0743. In addition, Presto Automation Inc saw -87.22% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at PRST starting from Mbugua Stanley, who sale 1,318 shares at the price of $0.12 back on Jun 11 ’24. After this action, Mbugua Stanley now owns 274,623 shares of Presto Automation Inc, valued at $153 using the latest closing price.
Hoffman-Flynt Katherine, the Chief Operating Officer of Presto Automation Inc, sale 59,661 shares at $0.18 during a trade that took place back on May 23 ’24, which means that Hoffman-Flynt Katherine is holding 287,291 shares at $10,500 based on the most recent closing price.
Stock Fundamentals for PRST
Current profitability levels for the company are sitting at:
- -3.28 for the present operating margin
- -0.05 for the gross margin
The net margin for Presto Automation Inc stands at -3.53. The total capital return value is set at 1.22.
Based on Presto Automation Inc (PRST), the company’s capital structure generated 14.33 points at debt to capital in total, while cash flow to debt ratio is standing at -0.66. The debt to equity ratio resting at -1.08. The interest coverage ratio of the stock is -9.96.
Currently, EBITDA for the company is -54.67 million with net debt to EBITDA at -1.28. When we switch over and look at the enterprise to sales, we see a ratio of 3.63. The receivables turnover for the company is 15.29for trailing twelve months and the total asset turnover is 0.93. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.10.
Conclusion
To sum up, Presto Automation Inc (PRST) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
