Presto Automation (NASDAQ:PRST – Get Free Report) released its earnings results on Monday. The leader in drive-thru voice AI reported $0.08 EPS for the quarter, topping the consensus estimate of ($0.21) by $0.29, MarketWatch Earnings reports. Presto Automation updated its Q2 2024 guidance to EPS.
Presto Automation Stock Performance
Shares of Presto Automation stock opened at $0.87 on Tuesday. The business has a 50-day simple moving average of $1.77 and a 200-day simple moving average of $2.91. Presto Automation has a one year low of $0.78 and a one year high of $5.74. The company has a market cap of $51.74 million, a PE ratio of -1.45 and a beta of 2.42.
Insider Activity at Presto Automation
In other news, major shareholder Avenue Food & Bevera Cleveland purchased 1,500,000 shares of the stock in a transaction on Monday, October 16th. The stock was bought at an average price of $2.00 per share, for a total transaction of $3,000,000.00. Following the acquisition, the insider now directly owns 10,000,000 shares of the company’s stock, valued at approximately $20,000,000. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 38.70% of the stock is owned by corporate insiders.
Institutional Trading of Presto Automation
About Presto Automation
Presto Automation Inc engages in the provision of artificial intelligence (AI) and automation solutions to the restaurant enterprise technology industry in the United States. The company offers Presto Voice, an AI solution to quick service restaurants that completes complex orders, including large orders with multiple menu modifications and add-ons, with limited on-site restaurant staff intervention; and Presto Touch, a pay-at-table tablet solution to casual dining chains that enables self-serve ordering, payment processing, personalization, and gaming experiences for restaurant guests.
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