Presto Automation Inc (PRST) Reports -98.45% Fall From For 52 Week High, It’s Always Darkest Before The Dawn

Presto Automation Inc (NASDAQ:PRST) does about 6.52M shares in volume on a normal day but saw 317538761 shares change hands in Friday’s trading. The company now has a market cap of 10.41M USD. Its current market price is $0.09, marking an increase of 17.39% compared to the previous close of $0.08. The 52 week high reached by this stock is $5.74 whilst the lowest price level in 52 weeks is $0.07.

Presto Automation Inc (PRST) has a 20-day trading average at $0.1452 and the current price is -98.45% off the 52-week high compared with 29.13% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.1631 and its 200-day simple moving average is $0.8633. If we look at the stock’s price movements over the week, volatility stands at 39.64%, which decreases to 25.38% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 34.52 to suggest the stock is neutral.

The consensus objective for the share price is $0.25, suggesting that the stock has a potential upside of 64.0% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on June 01, 2023 when Chardan Capital Markets upgraded the stock to “Buy” and issued a price target of between $4.25 and $5.

Presto Automation Inc (PRST) stock is down -16.65% over the week and -48.94% over the past month. Its price is -83.24% year-to-date and -97.43% over the past year.

To reach the target analysts have set, the stock logically needs to grow 64.0 percent from here.

The beta has a value of 1.47. Price to sales ratio is 0.55.