Peraso Inc. (NASDAQ: PRSO), a leading innovator in mmWave wireless technology, is capturing attention across both the trading floor and the defense sector as its stock enters a technically strategic inflection point. With a recent spike to $1.20 and trading volume surging 64% above its 30-day average, the signals point to an under-the-radar accumulation phase, potentially driven by institutional investors.
Technical Momentum Builds
Market technicians have flagged PRSO’s chart for its bullish structure. A recent rally to $1.20, followed by a healthy pullback on continued elevated volume, underscores growing market conviction. Momentum divergence indicators remain positive, while price consolidation above key support suggests a strengthening base. Analysts are tracking a potential upward trajectory, as PRSO remains in oversold territory and could break through resistance levels on renewed momentum.
Elsewhere in the small-cap innovation space, Eyenovia Inc. (NASDAQ: EYEN) is advancing merger negotiations with Betaliq and targeting FDA submission of its Optejet® user-filled device by September 2025, while also slashing cash burn by 70% year-over-year.
Institutional Confidence Evident in Volume Profile
Recently, Peraso Inc. (NASDAQ: PRSO) trading metrics reinforce the case for institutional accumulation. The 64% surge in volume above the 30-day average, combined with consistent accumulation patterns, points to interest from long-horizon investors. Support levels have held firmly even post-breakout, reinforcing technical resilience and suggesting strong underlying confidence in the stock’s direction.
Another Stock in Oversold territory is Health In Tech (NASDAQ: HIT) is set to unveil its next-generation AI healthcare strategy at a major technology conference on June 3, 2025, signaling its continued push to disrupt and modernize healthcare infrastructure through artificial intelligence. Listen to CEO Podcast Now!
Strategic Financial Stability
Unlike many emerging tech plays, Peraso Inc. (NASDAQ: PRSO) has managed its cash conservatively. The company’s disciplined burn rate provides a stable operational runway without the pressure of near-term dilution. This financial foundation gives Peraso the flexibility to execute its growth strategy while enhancing investor confidence as it expands across commercial and military markets.
Another under-the-radar mover, Edible Garden (NASDAQ: EDBL), has launched its Kick. Sports Nutrition line on Amazon in partnership with Pirawna, marking a high-visibility entry into the competitive health supplement market.
Investors may also want to keep an eye on Quipt Home Medical Corp. (NASDAQ: QIPT), which recently posted a strong adjusted EBITDA margin of 23.3% in its fiscal Q2 2025 results, further reinforcing confidence in the growing home healthcare sector.
Conclusion
Peraso Inc. (NASDAQ: PRSO) convergence of technical strength, fiscal discipline, and exposure to rapidly growing sectors makes it a standout opportunity among small-cap tech stocks. As mmWave technology gains traction in military defense, IoT, and next-gen connectivity markets, PRSO appears well-positioned for a significant upward move.
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