Press coverage about Resonant (NASDAQ:RESN) has trended somewhat positive recently, according to Accern Sentiment. The research firm ranks the sentiment of news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Resonant earned a news sentiment score of 0.08 on Accern’s scale. Accern also assigned news headlines about the semiconductor company an impact score of 45.1707073356637 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect 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:
- Financial Review: Resonant (RESN) & Diodes (DIOD) (americanbankingnews.com)
- Resonant Announces Availability of Full-Band, Band 41 TDD Filter Available as an ISN(R) Design In SAW (finance.yahoo.com)
- Resonant to Report Third Quarter 2017 Financial Results and Host a Conference Call on Wednesday, November 8th at 2:00 p.m. Pacific Time (finance.yahoo.com)
- Resonant (RESN) vs. Lattice Semiconductor Corporation (LSCC) Head to Head Review (americanbankingnews.com)
- Resonant Signs Third ISN Foundry Agreement (finance.yahoo.com)
Shares of Resonant (RESN) traded up 11.16% during midday trading on Tuesday, hitting $4.68. 96,958 shares of the company were exchanged. The company’s 50 day moving average price is $4.55 and its 200 day moving average price is $4.56. Resonant has a one year low of $3.82 and a one year high of $5.55. The firm’s market cap is $68.79 million.
Resonant (NASDAQ:RESN) last posted its quarterly earnings data on Wednesday, August 9th. The semiconductor company reported ($0.29) EPS for the quarter, missing analysts’ consensus estimates of ($0.26) by ($0.03). The business had revenue of $0.22 million during the quarter, compared to analyst estimates of $0.10 million. Resonant had a negative return on equity of 150.42% and a negative net margin of 3,119.05%. Equities analysts expect that Resonant will post ($1.11) EPS for the current year.
A number of equities research analysts recently weighed in on the stock. Zacks Investment Research cut shares of Resonant from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. HC Wainwright set a $8.00 price objective on shares of Resonant and gave the company a “buy” rating in a research note on Thursday, August 10th.
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In other Resonant news, Director John E. Major acquired 20,000 shares of Resonant stock in a transaction on Tuesday, August 15th. The shares were bought at an average price of $4.36 per share, with a total value 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 purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 22.30% of the stock is currently owned by insiders.
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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