Presto Automation Inc [NASDAQ: PRST] closed the trading session at $0.11.
The stocks have a year to date performance of -79.89 percent and weekly performance of -36.06 percent. The stock has been moved at -82.43 percent over the last six months. The stock has performed -36.37 percent around the most recent 30 days and changed -64.37 percent over the most recent 3-months.
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If compared to the average trading volume of 4.40M shares, PRST reached to a volume of 39503395 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Presto Automation Inc [PRST]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for PRST shares is $0.25 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on PRST stock is a recommendation set at 3.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Chardan Capital Markets have made an estimate for Presto Automation Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on June 01, 2023. While these analysts kept the previous recommendation, Chardan Capital Markets raised their target price to Neutral. The new note on the price target was released on December 09, 2022, representing the official price target for Presto Automation Inc stock.
The Average True Range (ATR) for Presto Automation Inc is set at 0.03, with the Price to Sales ratio for PRST stock in the period of the last 12 months amounting to 0.66.
PRST stock trade performance evaluation
Presto Automation Inc [PRST] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -36.06. With this latest performance, PRST shares dropped by -36.37% in over the last four-week period, additionally sinking by -82.43% over the last 6 months – not to mention a drop of -96.07% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for PRST stock in for the last two-week period is set at 33.87, with the RSI for the last a single of trading hit 29.05, and the three-weeks RSI is set at 37.27 for Presto Automation Inc [PRST]. The present Moving Average for the last 50 days of trading for this stock 0.1752, while it was recorded at 0.1270 for the last single week of trading, and 0.9405 for the last 200 days.
Presto Automation Inc [PRST]: An insightful look at the core fundamentals
Presto Automation Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.10 and a Current Ratio set at 0.10.
Presto Automation Inc [PRST]: Institutional Ownership
The top three institutional holders of PRST stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in PRST stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in PRST stock with ownership which is approximately 5.8386%.
