Press coverage about Resonant (NASDAQ:RESN) has trended somewhat positive on Tuesday, according to Accern Sentiment Analysis. The research firm identifies positive and negative news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Resonant earned a media sentiment score of 0.05 on Accern’s scale. Accern also assigned news headlines about the semiconductor company an impact score of 44.1617221117587 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Shares of Resonant (NASDAQ RESN) traded down 1.43% during mid-day trading on Tuesday, reaching $4.83. 29,934 shares of the company’s stock were exchanged. Resonant has a one year low of $3.82 and a one year high of $6.25. The firm’s market capitalization is $70.99 million. The stock has a 50-day moving average of $4.62 and a 200 day moving average of $4.65.
Resonant (NASDAQ:RESN) last announced its quarterly earnings results on Wednesday, August 9th. The semiconductor company reported ($0.29) EPS for the quarter, missing analysts’ consensus estimates of ($0.26) by ($0.03). Resonant had a negative return on equity of 150.42% and a negative net margin of 3,119.05%. The business had revenue of $0.22 million during the quarter, compared to analysts’ expectations of $0.10 million. On average, analysts forecast that Resonant will post ($1.11) EPS for the current fiscal year.
RESN has been the subject of several research analyst reports. Drexel Hamilton reiterated a “buy” rating and issued a $8.00 price objective on shares of Resonant in a research note on Friday, June 23rd. HC Wainwright set a $8.00 price objective on shares of Resonant and gave the company a “buy” rating in a research note on Saturday, June 24th. Finally, Zacks Investment Research upgraded shares of Resonant from a “hold” rating to a “buy” rating and set a $5.25 price objective for the company in a research note on Wednesday, June 28th.
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In other news, Director John E. Major acquired 20,000 shares of the firm’s stock in a transaction 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 acquisition, the director now owns 95,978 shares in the company, valued at $418,464.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 22.30% of the stock is currently owned by corporate insiders.
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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