News headlines about Resonant (NASDAQ:RESN) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research group scores the sentiment of press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Resonant earned a daily sentiment score of 0.17 on Accern’s scale. Accern also gave headlines about the semiconductor company an impact score of 45.0944437993031 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
A number of research firms have recently issued reports on RESN. National Securities assumed coverage on shares of Resonant in a research note on Tuesday, December 5th. They set a “buy” rating and a $14.00 target price on the stock. HC Wainwright set a $8.00 target price on shares of Resonant and gave the company a “buy” rating in a research note on Thursday, January 4th. Zacks Investment Research cut shares of Resonant from a “buy” rating to a “hold” rating in a research note on Tuesday, January 9th. Finally, Drexel Hamilton reaffirmed a “buy” rating and issued a $8.00 price objective on shares of Resonant in a research note on Thursday, November 9th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Resonant has a consensus rating of “Buy” and an average target price of $8.70.
Shares of Resonant (RESN) traded up $0.24 on Wednesday, hitting $5.45. 216,106 shares of the company’s stock traded hands, compared to its average volume of 275,242. Resonant has a one year low of $3.82 and a one year high of $8.55. The firm has a market capitalization of $91.46, a PE ratio of -4.01 and a beta of 1.18.
Resonant (NASDAQ:RESN) last posted its quarterly earnings results on Wednesday, November 8th. The semiconductor company reported ($0.28) EPS for the quarter, topping the consensus estimate of ($0.29) by $0.01. Resonant had a negative net margin of 2,772.35% and a negative return on equity of 150.45%. equities research analysts forecast that Resonant will post -0.95 earnings per share for the current fiscal year.
In related news, CEO George B. Holmes sold 5,342 shares of the business’s stock in a transaction on Wednesday, January 3rd. The shares were sold at an average price of $7.43, for a total transaction of $39,691.06. Following the transaction, the chief executive officer now owns 203,454 shares of the company’s stock, valued at $1,511,663.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO George B. Holmes sold 6,615 shares of the business’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $7.21, for a total transaction of $47,694.15. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 35,357 shares of company stock worth $252,980. Insiders own 22.30% of the company’s stock.
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Resonant Company Profile
Resonant Inc is a late-stage development company. The Company creates filter designs for radio frequency (RF) front-ends for the mobile device industry. The RF front-end is the circuitry in a mobile device for analog signal processing and is located between the device’s antenna and its digital baseband.
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