Media coverage about Resonant (NASDAQ:RESN) has been trending positive this week, Accern Sentiment Analysis reports. The research firm scores the sentiment of press coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Resonant earned a news sentiment score of 0.27 on Accern’s scale. Accern also assigned news coverage about the semiconductor company an impact score of 47.523193521721 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the media stories that may have impacted Accern’s analysis:
Several research analysts recently issued reports on RESN shares. Zacks Investment Research lowered shares of Resonant from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. HC Wainwright set a $8.00 target price on shares of Resonant and gave the stock a “buy” rating in a research report on Thursday, November 30th. National Securities started coverage on shares of Resonant in a research report on Tuesday, December 5th. They issued a “buy” rating and a $14.00 target price for the company. Finally, Drexel Hamilton reiterated a “buy” rating and issued a $8.00 target price on shares of Resonant in a research report on Thursday, November 9th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $8.70.
Resonant (NASDAQ RESN) traded down $0.03 during midday trading on Friday, reaching $4.71. 44,951 shares of the company’s stock traded hands, compared to its average volume of 188,576. Resonant has a twelve month low of $3.82 and a twelve month high of $8.55. The stock has a market capitalization of $79.04, a price-to-earnings ratio of -3.44 and a beta of 0.71.
In other Resonant news, CEO George B. Holmes sold 6,615 shares of the company’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $7.21, for a total transaction of $47,694.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Robert B. Hammond sold 5,000 shares of the company’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $6.00, for a total transaction of $30,000.00. Following the sale, the insider now owns 372,019 shares of the company’s stock, valued at $2,232,114. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 35,357 shares of company stock valued at $252,980. Company 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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