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Things appear to be looking up for Presto Automation Inc (PRST)

Presto Automation Inc (NASDAQ: PRST) is -86.64% lower on its value in year-to-date trading and has touched a low of $0.07 and a high of $4.35 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The PRST stock was last observed hovering at around $0.07 in the last trading session, with the day’s loss setting it 0.0%.

Currently trading at $0.07, the stock is -16.54% and -44.32% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 8.53 million and changing -1.39% at the moment leaves the stock -87.42% off its SMA200. PRST registered -98.33% loss for a year compared to 6-month loss of -84.01%.

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The stock witnessed a -6.46% gain in the last 1 month and extending the period to 3 months gives it a -59.10%, and is -27.10% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 10.61% over the week and 20.32% over the month.

Presto Automation Inc (PRST) has around 137 employees, a market worth around $11.28M and $19.05M in sales. Profit margin for the company is -408.61%. Distance from 52-week low is 2.90% and -98.37% from its 52-week high.

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Presto Automation Inc (PRST) Top Institutional Holders

The shares outstanding are 158.88M, and float is at 94.38M with Short Float at 3.71%.

Presto Automation Inc (PRST) Insider Activity

The most recent transaction is an insider sale by Mbugua Stanley,the company’sCAO and Interim CFO. SEC filings show that Mbugua Stanley sold 1,318 shares of the company’s common stock on Jun 11 ’24 at a price of $0.12 per share for a total of $153.0. Following the sale, the insider now owns 0.27 million shares.

Presto Automation Inc disclosed in a document filed with the SEC on May 23 ’24 that Hoffman-Flynt Katherine (Chief Operating Officer) sold a total of 59,661 shares of the company’s common stock. The trade occurred on May 23 ’24 and was made at $0.18 per share for $10500.0. Following the transaction, the insider now directly holds 0.29 million shares of the PRST stock.

Still, SEC filings show that on May 23 ’24, Mbugua Stanley (CAO and Interim CFO) disposed off 36,559 shares at an average price of $0.18 for $6434.0. The insider now directly holds 275,941 shares of Presto Automation Inc (PRST).

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