Resonant Inc (NASDAQ:RESN) Director Michael J. Fox acquired 396,000 shares of Resonant stock in a transaction on Friday, August 9th. The shares were purchased at an average cost of $2.53 per share, with a total value of $1,001,880.00. Following the completion of the acquisition, the director now owns 62,925 shares of the company’s stock, valued at approximately $159,200.25. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
NASDAQ:RESN opened at $2.41 on Friday. The company has a market cap of $72.27 million, a P/E ratio of -2.46 and a beta of 2.49. The stock’s fifty day moving average price is $2.34 and its two-hundred day moving average price is $2.79. Resonant Inc has a 1 year low of $0.92 and a 1 year high of $5.53. The company has a debt-to-equity ratio of 0.17, a current ratio of 5.50 and a quick ratio of 5.50.
Several equities analysts have weighed in on RESN shares. HC Wainwright reduced their price objective on Resonant from $8.00 to $4.00 and set a “buy” rating for the company in a report on Wednesday, August 7th. Zacks Investment Research raised Resonant from a “sell” rating to a “hold” rating in a report on Wednesday, July 10th. Craig Hallum reissued a “buy” rating and set a $4.00 price objective (down from $5.00) on shares of Resonant in a report on Thursday, May 9th. Finally, Needham & Company LLC set a $5.00 target price on Resonant and gave the stock a “buy” rating in a research report on Wednesday, August 7th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $5.60.
Resonant Company Profile
Resonant Inc, a late-stage development company, designs and develops filter designs for radio frequency (RF) front-ends used in the mobile device industry in the United States. It uses Infinite Synthesized Networks technology, a software platform that is used to configure and connect resonators, the building blocks of RF filters.
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