Resonant (RESN) Receiving Somewhat Favorable Media Coverage, Report Finds
News articles about Resonant (NASDAQ:RESN) have trended somewhat positive recently, Accern Sentiment reports. Accern identifies positive and negative press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Resonant earned a news impact score of 0.08 on Accern’s scale. Accern also gave news headlines about the semiconductor company an impact score of 46.0161337072307 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the news headlines that may have impacted Accern Sentiment’s analysis:
- Resonant : to Present Research Papers on Innovative RF Filter Design Technology at International Ultrasonics Symposium (IUS) (4-traders.com)
- Resonant Signs Licensing Agreement for Five Bands with Eighth Customer (finance.yahoo.com)
- Resonant to Present Research Papers on Innovative RF Filter Design Technology at International Ultrasonics Symposium (IUS) (finance.yahoo.com)
RESN has been the topic of several recent analyst reports. Zacks Investment Research upgraded Resonant from a “hold” rating to a “buy” rating and set a $5.25 price target on the stock in a research note on Wednesday, June 28th. HC Wainwright set a $8.00 price target on Resonant and gave the stock a “buy” rating in a research note on Saturday, June 24th. Finally, Drexel Hamilton reiterated a “buy” rating and issued a $8.00 price target on shares of Resonant in a research note on Friday, June 23rd.
Shares of Resonant (NASDAQ RESN) traded up 0.88% during mid-day trading on Friday, reaching $4.59. The company had a trading volume of 51,115 shares. The company’s market capitalization is $67.46 million. The company’s 50-day moving average price is $4.55 and its 200-day moving average price is $4.65. Resonant has a 52-week low of $3.82 and a 52-week high of $6.76.
Resonant (NASDAQ:RESN) last released its quarterly earnings results on Wednesday, August 9th. The semiconductor company reported ($0.29) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.26) by $0.03. Resonant had a negative net margin of 3,119.05% and a negative return on equity of 150.42%. The firm had revenue of $0.22 million for the quarter, compared to the consensus estimate of $0.10 million. On average, analysts forecast that Resonant will post ($1.11) earnings per share for the current fiscal year.
In related news, Director John E. Major bought 20,000 shares of Resonant stock in a transaction that occurred on Tuesday, August 15th. The stock was acquired at an average price of $4.36 per share, for a total transaction of $87,200.00. Following the completion of the purchase, the director now owns 95,978 shares in the company, valued at $418,464.08. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 22.30% of the stock is currently owned by company insiders.
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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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