Published on 28 Sep 2022 on Simply Wall St. via Yahoo Finance

Investors one-year losses grow to 78% as the stock sheds US$196m this past week

As every investor would know, you don't hit a homerun every time you swing. But serious investors should think long and hard about avoiding extreme losses. So spare a thought for the long term shareholders of Presto Automation, Inc. (NASDAQ:PRST); the share price is down a whopping 78% in the last twelve months. That'd be a striking reminder about the importance of diversification. Because Presto Automation hasn't been listed for many years, the market is still learning about how the business performs. It's down 79% in about a month.

If the past week is anything to go by, investor sentiment for Presto Automation isn't positive, so let's see if there's a mismatch between fundamentals and the share price.

See our latest analysis for Presto Automation