Streetbeat News

PRST

Presto Automation, Inc.

https://presto.com

Industry

Software - Application

Presto Automation, Inc. provides labor automation technology solutions in the hospitality industry. The company offers a platform of voice, vision, and touch solutions, which increase staff productivity and improve the guest experience. Presto Automation, Inc. was incorporated in 2008 and is headquartered in San Carlos, California.

Open

0.00

Mkt cap

1M

Volume

147K

High

0.00

P/E Ratio

N/A

52-wk high

1.24

Low

0.00

Div yield

N/A

52-wk low

0.00

Presto Automation Inc (NASDAQ:PRST) shares dropped 24% to $0.30 after announcing a securities purchase agreement to sell 8,533,000 shares at $0.25 each. The offering, managed by Chardan and Spartan as joint placement agents, aims to raise approximately $2.1 million for working capital and general corporate purposes, with a closing date around March 4.

Portfolio Pulse from Henry Khederian

February 29, 2024 | 4:17 pm

Presto Automation has announced a registered direct offering of 8,533,000 shares, priced at $0.25 per share, aiming to raise approximately $2.1 million. This move could indicate the company's need for capital, potentially for expansion or operational purposes.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 2:44 pm

In Thursday's pre-market session, several information technology stocks showed significant movement. Okta, Spectaire Holdings, C3.ai, SMX, Ondas Holdings, and Vertex were among the gainers, with Okta leading with a 23.4% increase following its Q4 earnings report. On the losing side, Endava, Snowflake, DoubleVerify Holdings, LivePerson, Presto Automation, and Focus Universal saw declines, with Endava dropping 21.7% after its Q2 earnings report.

Portfolio Pulse from Benzinga Insights

February 29, 2024 | 1:06 pm

In Wednesday's pre-market session, several information technology stocks showed significant movement. Presto Automation, QuickLogic, ARB IOT Group, Perfect, Quantum, and SMX were among the gainers, with increases ranging from 12.57% to 32.3%. On the downside, DoubleVerify Holdings, Jamf Holding, Bit Origin, ASE Tech Holding, ReAlpha Tech Corp, and Inpixon experienced declines between 5.43% and 13.4%. The movements were largely attributed to the release of Q4 earnings reports for several of the companies.

Portfolio Pulse from Benzinga Insights

February 28, 2024 | 1:06 pm

In Tuesday's after-market session, several information technology stocks showed significant movement. Presto Automation (PRST) led the gainers with a 31.0% increase, while Jamf Holding (JAMF) experienced the largest drop among the losers, decreasing by 12.4%. Notably, Ambarella (AMBA) and Brightcove (BCOV) reported their Q4 earnings, influencing their stock prices positively.

Portfolio Pulse from Benzinga Insights

February 27, 2024 | 9:31 pm

In Tuesday's intraday session, several Information Technology stocks experienced significant movements. CXApp, WeTrade Group, BigBear.ai Holdings, Presto Automation, DatChat, and SMX saw notable gains, with CXApp leading at an 85.2% increase. Conversely, Infobird Co, Thoughtworks Holding, Alpine 4 Holdings, Edgio, MicroCloud Hologram, and Ostin Technology Group faced declines, with Infobird Co dropping the most at 55.4%. Thoughtworks Holding's drop was attributed to its Q4 earnings report.

Portfolio Pulse from Benzinga Insights

February 27, 2024 | 5:31 pm

In Friday's after-market session, several Information Technology stocks showed notable movements. Intrusion, MicroCloud Hologram, and Alpine 4 Holdings were among the top gainers, with increases of 14.6%, 12.1%, and 8.05% respectively. On the other hand, Sobr Safe, Banzai International, and Inpixon led the losers, with declines of 6.3%, 4.98%, and 4.55% respectively. Brightcove and Expensify, which recently released their Q4 earnings, also saw their stocks move upwards.

Portfolio Pulse from Benzinga Insights

February 23, 2024 | 9:30 pm

In Monday's after-market session, several Information Technology stocks showed notable movements. Ostin Technology Group (OST) led the gainers with a 58.2% increase, while MicroCloud Hologram (HOLO) experienced the largest drop among the losers, falling 27.5%. Other notable movers included Focus Universal (FCUV), Presto Automation (PRST), and Upland Software (UPLD) among others, reflecting a mix of positive and negative shifts in the sector.

Portfolio Pulse from Benzinga Insights

February 19, 2024 | 9:30 pm

In Monday's pre-market session, several Information Technology stocks showed significant movement. Notably, NOVONIX, Infobird Co, Bit Origin, HeartCore Enterprises, and Backblaze were among the top gainers, with increases ranging from 13.49% to 15.9%. On the downside, Dropbox, MultiSensor AI Holdings, Unusual Machines, ARB IOT Group, D-Wave Quantum, and PDF Solutions experienced declines between 7.36% and 14.8%. These movements come in the wake of recent Q4 earnings releases for some companies.

Portfolio Pulse from Benzinga Insights

February 19, 2024 | 1:05 pm

Shares of several tech companies are down due to rising Treasury yields, triggered by a higher-than-expected U.S. January inflation data increase.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 8:32 pm

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