Presto Automation Inc (NASDAQ:PRST) shares traded -7.62% lower at $0.08 on Wall Street last session.
PRST stock price is now -49.60% away from the 50-day moving average and -90.12% away from the 200-day moving average. The market capitalization of the company currently stands at $8.76M.
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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, Mbugua Stanley, CAO and Interim CFO sold 1,318 shares of the company’s stock on Jun 11 ’24. The stock was sold for $153 at an average price of $0.12. Upon completion of the transaction, the CAO and Interim CFO now directly owns 274,623 shares in the company, valued at $21969.84. An SEC document containing details of the transaction can be found on the SEC’s website. On May 23 ’24, Chief Operating Officer Hoffman-Flynt Katherine sold 59,661 shares of the business’s stock. A total of $10,500 was realized by selling the stock at an average price of $0.18. This leaves the insider owning 287,291 shares of the company worth $22983.28. A total of 41.78% 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 $0.15222 and a two-hundred day moving average price translates $0.768735 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.
