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Presto Automation Inc (PRST) gets rating Upgrade from Chardan Capital Markets

Presto Automation Inc’s recently made public that its Chief Operating Officer Hoffman-Flynt Katherine unloaded Company’s shares for reported $10500.0 on May 23 ’24. In the deal valued at $0.18 per share,59,661 shares were sold. As a result of this transaction, Hoffman-Flynt Katherine now holds 287,291 shares worth roughly $28729.100000000002.

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Then, Mbugua Stanley sold 36,559 shares, generating $6,434 in total proceeds. Upon selling the shares at $0.18, the CAO and Interim CFO now owns 275,941 shares.

Before that, Healey William Robert sold 20,553 shares. Presto Automation Inc shares valued at $3,617 were divested by the CHIEF TECHNOLOGY OFFICER at a price of $0.18 per share. As a result of the transaction, Healey William Robert now holds 151,693 shares, worth roughly $15169.300000000001.

Chardan Capital Markets upgraded its Presto Automation Inc [PRST] rating to a Buy from a a Neutral in a research note published on June 01, 2023; the price target was increased to $5 from $4.25. A number of analysts have revised their coverage, including Chardan Capital Markets’s analysts, who began to cover the stock in early December with a ‘”a Neutral”‘ rating.

Price Performance Review of PRST

On Tuesday, Presto Automation Inc [NASDAQ:PRST] saw its stock jump 7.63% to $0.10. Over the last five days, the stock has lost -26.79%. Presto Automation Inc shares have fallen nearly -80.36% since the year began. Nevertheless, the stocks have fallen -96.57% over the past one year. While a 52-week high of $5.74 was reached on 02/28/24, a 52-week low of $0.09 was recorded on 06/03/24. SMA at 50 days reached $0.1702, while 200 days put it at $0.9104. A total of 16.37 million shares were traded, compared to the trading of 24.31 million shares in the previous session.

Levels Of Support And Resistance For PRST Stock

The 24-hour chart illustrates a support level at 0.0951, which if violated will result in even more drops to 0.0859. On the upside, there is a resistance level at 0.1118. A further resistance level may holdings at 0.1193. The Relative Strength Index (RSI) on the 14-day chart is 34.85, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0504, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 90.49%. Stochastics %K at 6.10% indicates the stock is a buying.

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