Published on 15 Aug 2023 on Simply Wall St. via Yahoo Finance
Investors Appear Satisfied With Presto Automation Inc.'s (NASDAQ:PRST) Prospects
When close to half the companies in the Electronic industry in the United States have price-to-sales ratios (or "P/S") below 1.6x, you may consider Presto Automation Inc. (NASDAQ:PRST) as a stock to avoid entirely with its 6.5x P/S ratio. However, the P/S might be quite high for a reason and it requires further investigation to determine if it's justified.
See our latest analysis for Presto Automation
