Krishna K Gupta, the Chairman and interim CEO of Presto Automation, was recently featured on a special segment about AI on CNBC TV. Gupta is a renowned figure in the tech industry and the Founder and CEO of REMUS, an early-stage venture capital firm. He has been vocal about the impact of AI on the restaurant industry and how it will revolutionize the way we dine out. With his vast knowledge and experience, Gupta is paving the way for a future where automation and technology will play a pivotal role in our daily lives. As of May 26, 2023, Gupta continues to lead Presto Automation towards new heights of success.
PRST Stock Opens Higher, Experiences Fluctuations with Lower Trading Volume on May 26, 2023
On May 26, 2023, PRST stock opened at 2.24, which was higher than the previous day’s closing price of 2.16. Throughout the day, PRST stock experienced a wide range of fluctuations, with the day’s range being 2.15 to 3.75. The trading volume for the day was 129,391, which was significantly lower than the three-month average volume of 1,845,614.
Presto Automation Incs Stock Predicted to Increase by 14.86% in 12 Months, but Earnings Per Share Indicate Challenges Ahead
On May 26, 2023, Presto Automation Inc’s stock (PRST) had a median target price of 4.25, according to one analyst offering 12-month price forecasts. This represents a 14.86% increase from the last price of 3.70. The high and low estimates were also 4.25, indicating a consensus among analysts that the stock’s value would remain relatively stable in the coming year.
According to CNN Money, Presto Automation Inc’s earnings per share for the current quarter were -$0.33, indicating a loss. Sales for the quarter were $7.5 million, which is a relatively low figure. The reporting date for this quarter is still to be determined, so it is unclear whether these figures will improve or worsen in the coming months.
Overall, Presto Automation Inc’s stock performance on May 26, 2023, was relatively stable, with analysts predicting a modest increase in value over the next year. However, the company’s current financials suggest that it may be facing some challenges in terms of profitability and revenue growth. Investors may want to keep an eye on future earnings reports and other financial indicators to assess the company’s long-term prospects.
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