Peraso Inc. (NASDAQ:PRSO) Stock Catapults 59% Though Its Price And Business Still Lag The Industry
Peraso Inc. (NASDAQ:PRSO) shareholders are no doubt pleased to see that the share price has bounced 59% in the last month, although it is still struggling to make up recently lost ground. Still, the 30-day jump doesn’t change the fact that longer term shareholders have seen their stock decimated by the 79% share price drop in the last twelve months.
In spite of the firm bounce in price, Peraso may still be sending very bullish signals at the moment with its price-to-sales (or “P/S”) ratio of 0.4x, since almost half of all companies in the Semiconductor industry in the United States have P/S ratios greater than 4.5x and even P/S higher than 10x are not unusual. Although, it’s not wise to just take the P/S at face value as there…
