Media coverage about Resonant (NASDAQ:RESN) has trended somewhat positive on Monday, according to Accern Sentiment Analysis. The research group rates the sentiment of press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Resonant earned a news impact score of 0.18 on Accern’s scale. Accern also assigned headlines about the semiconductor company an impact score of 47.3378022225696 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the headlines that may have effected Accern Sentiment Analysis’s analysis:
Shares of RESN stock traded up $0.10 during trading hours on Monday, hitting $4.42. 1,250 shares of the company were exchanged, compared to its average volume of 355,064. Resonant has a 52-week low of $4.36 and a 52-week high of $4.47. The firm has a market cap of $115.13 million, a P/E ratio of -3.51 and a beta of 1.14.
Resonant (NASDAQ:RESN) last released its quarterly earnings results on Tuesday, February 27th. The semiconductor company reported ($0.32) EPS for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.09). The firm had revenue of $0.17 million for the quarter, compared to analysts’ expectations of $0.20 million. Resonant had a negative net margin of 3,436.54% and a negative return on equity of 98.33%. equities research analysts anticipate that Resonant will post -0.7 earnings per share for the current fiscal year.
A number of brokerages recently commented on RESN. National Securities set a $14.00 price objective on Resonant and gave the stock a “buy” rating in a research note on Wednesday, February 28th. Zacks Investment Research lowered Resonant from a “buy” rating to a “hold” rating in a report on Saturday, April 28th. Needham & Company LLC reaffirmed a “buy” rating and issued a $6.00 target price on shares of Resonant in a research report on Tuesday, April 3rd. HC Wainwright reaffirmed a “buy” rating and issued a $8.00 target price on shares of Resonant in a research report on Monday, January 22nd. Finally, Craig Hallum assumed coverage on Resonant in a research note on Wednesday, April 4th. They issued a “buy” rating for the company. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Resonant presently has a consensus rating of “Buy” and a consensus target price of $8.00.
In other news, CEO George B. Holmes sold 12,540 shares of the company’s stock in a transaction that occurred on Thursday, March 15th. The shares were sold at an average price of $4.45, for a total value of $55,803.00. Following the transaction, the chief executive officer now owns 230,247 shares in the company, valued at $1,024,599.15. The sale was disclosed in a legal filing with the SEC, which is available at this link. In the last 90 days, insiders sold 21,710 shares of company stock worth $87,440. Corporate insiders own 11.70% of the company’s stock.
Resonant Inc, a late-stage development company, engages in the development of filter designs for radio frequency (RF) front-ends used in the mobile device industry in the United States. It uses Infinite Synthesized Networks technology to configure and connect resonators, the building blocks of RF filters.
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