Presto Automation: My Top AI Pick For 2024 [Seeking Alpha]
PRESTO AUTOMATION INC (PRST)
Company Research
Source: Seeking Alpha
PRST is backed heavily by insiders and other large investors who want to see common shares succeed. Due to the heavy investor backing, I don't believe that PRST is at great risk of crippling levels of dilution seen with other small cap de-SPACs in similar financial shape. The company is hinting at heavy levels of growth as the AI requires less human intervention, and it's deployed at more locations. However, revenue forecasts are lacking. I have a price target of $2.00, representing a 200%-300% upside based on current prices. I expect upwards revisions to come upon the company achieving operational milestones and with improved market sentiment for small caps. Artificial intelligence has been one of hyped up sectors of 2023 thanks to the rise in popularity of ChatGPT. Both the positive impacts and detriments of AI are becoming more apparent in popular culture. For a while early in the year, Presto Automation Inc. ( NASDAQ: PRST ) was caught up in the positive side of the techn
Show less
Read more
Impact Snapshot
Event Time:
PRST
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
PRST alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
PRST alerts
High impacting PRESTO AUTOMATION INC news events
Weekly update
A roundup of the hottest topics