Perceptron Could Soar In Revenue As Electric Vehicle Makers Need Measurement Solutions

Since 1984 Perceptron has been offering quality measurement platforms in manufacturing vehicles in masses. The era of electric vehicles is giving a new opportunity to Perceptron in increasing revenue due to new emerging brands that only focus on manufacturing EVs.

A recent order from Tier-1 automotive supplier has just caused NASDAQ: PRCP soaring at least 100% with increasing daily volume to 56.6 million shares while the average volume is 51,344.

Even though Perceptron’s 12 months EPS is negative the upcoming orders from EV makers might lift the revenue drastically. Thus, investors could flock in with an enormous amount of funds hoping to earn serious profits.