In yesterday’s Wall Street session, Presto Automation Inc (NASDAQ:PRST) shares traded at $0.22, up 31.90% from the previous session.
PRST stock price is now 10.84% away from the 50-day moving average and -80.45% away from the 200-day moving average. The market capitalization of the company currently stands at $22.40M.
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With the price target enhanced from $4.25 to $5, Chardan Capital Markets Upgraded its rating from Neutral to Buy for Presto Automation Inc (NASDAQ: PRST). On December 09, 2022, Chardan Capital Markets recently initiated its ‘Neutral’ rating on the stock quoting a target price of $4.25
In other news, Kravcik Keith E, Director sold 22,687 shares of the company’s stock on Dec 08 ’23. The stock was sold for $14,066 at an average price of $0.62. Upon completion of the transaction, the Director now directly owns 400,000 shares in the company, valued at $88000.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 07 ’23, Director Kravcik Keith E sold 15,800 shares of the business’s stock. A total of $10,428 was realized by selling the stock at an average price of $0.66. This leaves the insider owning 422,687 shares of the company worth $92991.14. A total of 39.89% of the company’s stock is owned by insiders.
During the past 12 months, Presto Automation Inc has had a low of $0.14 and a high of $5.74.
The company reported revenue of $4.89 million for the quarter, compared to $7.35 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -33.45 percent.
