The price of Presto Automation Inc (NASDAQ:PRST) shares last traded on Wall Street rose 23.46% to $0.11.
PRST stock price is now -32.57% away from the 50-day moving average and -87.26% away from the 200-day moving average. The market capitalization of the company currently stands at $12.85M.
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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, Hoffman-Flynt Katherine, Chief Operating Officer sold 59,661 shares of the company’s stock on May 23 ’24. The stock was sold for $10,500 at an average price of $0.18. Upon completion of the transaction, the Chief Operating Officer now directly owns 287,291 shares in the company, valued at $31602.01. An SEC document containing details of the transaction can be found on the SEC’s website. On May 23 ’24, CAO and Interim CFO Mbugua Stanley sold 36,559 shares of the business’s stock. A total of $6,434 was realized by selling the stock at an average price of $0.18. This leaves the insider owning 275,941 shares of the company worth $30353.51. A total of 40.46% of the company’s stock is owned by insiders.
During the past 12 months, Presto Automation Inc has had a low of $0.07 and a high of $5.74. The fifty day moving average price for PRST is $0.16192 and a two-hundred day moving average price translates $0.84808 for the stock.
The latest earnings results from Presto Automation Inc (NASDAQ: PRST) was released for 2024-03-31. The company reported revenue of $4.45 million for the quarter, compared to $6.61 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -32.62 percent.
