News headlines about Resonant (NASDAQ:RESN) have been trending somewhat positive on Saturday, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news 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 closest to one being the most favorable. Resonant earned a daily sentiment score of 0.14 on Accern’s scale. Accern also gave media coverage about the semiconductor company an impact score of 46.4636851957842 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Several research analysts recently issued reports on RESN shares. Zacks Investment Research raised shares of Resonant from a “hold” rating to a “buy” rating and set a $5.25 target price on the stock in a research note on Wednesday, June 28th. HC Wainwright set a $8.00 price objective on shares of Resonant and gave the stock a “buy” rating in a report on Saturday, June 24th. Drexel Hamilton restated a “buy” rating and set a $8.00 price objective on shares of Resonant in a report on Friday, June 23rd. Finally, Rodman & Renshaw initiated coverage on shares of Resonant in a report on Tuesday, April 25th. They set a “buy” rating and a $8.00 price objective on the stock.
Shares of Resonant (RESN) opened at 4.39 on Friday. The stock’s market cap is $64.52 million. Resonant has a 12-month low of $3.82 and a 12-month high of $6.76. The company’s 50-day moving average is $4.61 and its 200-day moving average is $4.65.
Resonant (NASDAQ:RESN) last posted its quarterly earnings data on Wednesday, August 9th. The semiconductor company reported ($0.29) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.26) by $0.03. The firm had revenue of $0.22 million during the quarter, compared to analysts’ expectations of $0.10 million. Resonant had a negative net margin of 3,119.05% and a negative return on equity of 150.42%. On average, equities research analysts anticipate that Resonant will post ($1.11) earnings per share for the current year.
In related news, Director John E. Major purchased 20,000 shares of the business’s stock in a transaction on Tuesday, August 15th. The shares were bought at an average price of $4.36 per share, for a total transaction of $87,200.00. Following the acquisition, the director now directly 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 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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