Media headlines about Resonant (NASDAQ:RESN) have trended somewhat positive recently, Accern Sentiment reports. Accern identifies negative and positive news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Resonant earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned media stories about the semiconductor company an impact score of 0 out of 100, meaning that recent news coverage is extremely unlikely to have an effect on the company’s share price in the near future.
These are some of the news articles that may have impacted Accern Sentiment Analysis’s analysis:
- Resonant Reports Second Quarter 2017 Financial Results and Provides Business Update (finance.yahoo.com)
- Resonant Inc. (NASDAQ:RESN) Announces Quarterly Earnings Results (americanbankingnews.com)
- Resonant Expands Global Reach with New Office in South Korea (finance.yahoo.com)
- Resonant to Present at the Oppenheimer Technology, Internet & Communications Conference in Boston on August 9th (finance.yahoo.com)
Several research firms recently weighed in on RESN. HC Wainwright set a $8.00 price objective on Resonant and gave the stock a “buy” rating in a research report on Saturday, June 24th. Zacks Investment Research cut Resonant from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. 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. Finally, Rodman & Renshaw assumed coverage on Resonant in a research note on Tuesday, April 25th. They issued a “buy” rating and a $8.00 price objective on the stock.
Resonant (NASDAQ RESN) traded down 3.93% during midday trading on Friday, reaching $4.40. The company had a trading volume of 103,682 shares. Resonant has a one year low of $3.82 and a one year high of $6.76. The stock’s 50 day moving average is $4.65 and its 200 day moving average is $4.65. The company’s market capitalization is $63.82 million.
Resonant (NASDAQ:RESN) last issued its quarterly earnings results on Wednesday, August 9th. The semiconductor company reported ($0.29) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.26) by $0.03. Resonant had a negative net margin of 3,119.05% and a negative return on equity of 143.84%. The business had revenue of $0.22 million for the quarter, compared to analysts’ expectations of $0.10 million. Equities research analysts forecast that Resonant will post ($1.23) earnings per share for the current fiscal year.
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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