Presto Automation Inc (NASDAQ: PRST)’s stock price has decreased by -12.50 compared to its previous closing price of 0.03. However, the company has seen a -45.40% decrease 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
Is It Worth Investing in Presto Automation Inc (NASDAQ: PRST) Right Now?
Additionally, the 36-month beta value for PRST is 1.43. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for PRST is 117.92M and currently, short sellers hold a 1.54% ratio of that float. The average trading volume of PRST on August 06, 2024 was 28.55M shares.
PRST’s Market Performance
PRST stock saw a decrease of -45.40% in the past week, with a monthly decline of -63.40% and a quarterly a decrease of -83.94%. The volatility ratio for the week is 43.39%, and the volatility levels for the last 30 days are 20.60% for Presto Automation Inc (PRST). The simple moving average for the last 20 days is -57.05% for PRST stock, with a simple moving average of -92.72% for the last 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 -68.21% 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 -99.27% of loss for the given period.
Volatility was left at 20.60%, however, over the last 30 days, the volatility rate increased by 43.39%, as shares sank -62.08% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -87.00% lower at present.
During the last 5 trading sessions, PRST fell by -45.40%, which changed the moving average for the period of 200-days by -98.19% in comparison to the 20-day moving average, which settled at $0.0613. In addition, Presto Automation Inc saw -94.86% 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 3.29. 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
In conclusion, Presto Automation Inc (PRST) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
