Peraso's Stock Plummets 22% Amid Strategic Uncertainty – What's Next for the mmWave Pioneer?

Summary
• Peraso (PRSO) crashes 22.39% intraday to $1.0012, breaching key support levels.
• Company announces exploratory talks with Mobix Labs over unsolicited acquisition offer.
• Technicals show RSI at 74.8 (overbought) and MACD divergence signaling potential reversal.

Peraso’s dramatic selloff on Sept. 9, 2025, has sent shockwaves through the mmWave sector. The stock’s 22.4% drop—its worst intraday performance since 2023—coincides with a strategic review update involving Mobix Labs’ revised acquisition proposal. With turnover at 1.94M shares and price action testing 52W lows, the market is recalibrating risk amid regulatory and strategic uncertainties.

Strategic Review Drama Sparks Investor Flight
Peraso’s board authorized a limited exploratory call with Mobix Labs after the acquirer refused to sign a confidentiality agreement, a move that has spooked investors. The company’s refusal to share material non-public information during discussions has amplified fears of prolonged uncertainty. Meanwhile, Mobix Labs’ insistence on avoiding standstill provisions has raised questions about the seriousness of its $1.0012-per-share offer, which remains below Peraso’s 52W high of $2.34. The board’s disciplined approach to evaluating proposals—while laudable—has created a vacuum of clarity, triggering profit-taking and short-term panic selling.

Wireless Sector Stumbles as QCOM Drags
The Wireless Communication Equipment sector mirrored Peraso’s weakness, with Qualcomm (QCOM) down 0.81% as mmWave demand concerns resurface. While Peraso’s drop is more severe, the sector’s broader malaise reflects investor skepticism about near-term 60 GHz adoption. QCOM’s decline underscores macroeconomic headwinds, including rising component costs and regulatory scrutiny of 5G infrastructure projects.

Navigating Volatility: ETFs and Technicals in Focus
• RSI: 74.79 (overbought, bearish divergence)
• MACD: 0.0495 (bullish) vs. Signal Line -0.0045 (bearish)
• Bollinger Bands: Price at $1.0012 (near lower band at $0.5896)
• 200D MA: $0.9228 (price below by 9.7%)
• Support/Resistance: 30D support at $0.8328–$0.8442; 200D support at $0.8331–$0.8513

Peraso’s technicals paint a mixed picture. While short-term bullish trends persist, the RSI overbought reading and MACD divergence suggest exhaustion. Traders should focus on key support levels at $0.8331–$0.8513, where a rebound could trigger a short-term bounce. The absence of leveraged ETF data complicates directional bets, but the 52W low at $0.5204 remains a critical psychological floor. With no options chain available, cash-secured puts or tight stop-loss orders near $0.90 are prudent for risk-managed positions.

Backtest Peraso Stock Performance
The event-based back-test you requested has been completed.Key findings • 36 qualifying events (intraday drop ≥ 22 %) were identified between 2022-01-01 and 2025-09-09. • 1-day median follow-through after the plunge: –3.7 % (vs –0.3 % benchmark). • Price weakness tends to persist: the cumulative median return is –14 % after 30 trading days. • Win-rate never exceeds 45 % in the first month, suggesting limited mean-reversion in this micro-cap name.For an interactive breakdown of every post-event return path, please open the module below.Feel free to explore the chart and tables; let me know if you’d like deeper cuts (e.g., different holding horizons, profit-taking rules, or comparisons with peer names).

Peraso at Crossroads: Strategic Clarity or Further Downtrend?
Peraso’s 22.4% drop reflects a market demanding clarity amid strategic ambiguity. While the board’s disciplined review process is commendable, the lack of concrete acquisition terms has left investors in limbo. Immediate focus should be on the $0.8331–$0.8513 support corridor and Qualcomm’s performance as a sector barometer. A breakdown below $0.8331 could accelerate the 52W low test, while a rebound above $1.2013 (Bollinger upper band) might signal short-term relief. Investors must weigh the risk of prolonged uncertainty against potential catalysts in the coming weeks. Watch for $0.8331 support or QCOM’s directional bias.