Resonant (RESN) Given Coverage Optimism Score of 0.12

Headlines about Resonant (NASDAQ:RESN) have trended somewhat positive on Monday, Accern Sentiment reports. Accern identifies positive and negative press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Resonant earned a news sentiment score of 0.12 on Accern’s scale. Accern also gave media coverage about the semiconductor company an impact score of 47.8444607498361 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

These are some of the headlines that may have impacted Accern’s scoring:

NASDAQ:RESN traded down $0.08 during mid-day trading on Monday, reaching $4.69. The stock had a trading volume of 21,155 shares, compared to its average volume of 183,483. The company has a market cap of $128.71 million, a P/E ratio of -3.72 and a beta of 0.93. Resonant has a twelve month low of $3.17 and a twelve month high of $8.55.

Resonant (NASDAQ:RESN) last announced its quarterly earnings data on Thursday, August 9th. The semiconductor company reported ($0.15) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.18) by $0.03. The firm had revenue of $0.12 million during the quarter, compared to the consensus estimate of $0.30 million. Resonant had a negative net margin of 4,330.47% and a negative return on equity of 83.23%. analysts predict that Resonant will post -0.78 earnings per share for the current fiscal year.

RESN has been the subject of several recent research reports. Drexel Hamilton reiterated a “buy” rating and set a $8.00 target price on shares of Resonant in a research note on Thursday, May 10th. HC Wainwright set a $8.00 target price on shares of Resonant and gave the stock a “buy” rating in a research note on Thursday, May 10th. Zacks Investment Research downgraded shares of Resonant from a “hold” rating to a “sell” rating in a research note on Saturday, May 19th. Loop Capital initiated coverage on shares of Resonant in a research note on Thursday, June 21st. They set a “buy” rating and a $11.00 target price for the company. Finally, National Securities reiterated a “buy” rating and set a $8.00 target price on shares of Resonant in a research note on Monday, August 13th. One analyst has rated the stock with a sell rating and six have assigned a buy rating to the company’s stock. Resonant has a consensus rating of “Buy” and an average target price of $7.50.

In related news, CFO Jeffrey A. Killian sold 5,269 shares of the firm’s stock in a transaction dated Tuesday, July 3rd. The shares were sold at an average price of $5.41, for a total value of $28,505.29. Following the completion of the sale, the chief financial officer now owns 70,310 shares in the company, valued at $380,377.10. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Michael J. Fox acquired 100,000 shares of Resonant stock in a transaction that occurred on Friday, June 15th. The stock was purchased at an average price of $5.61 per share, with a total value of $561,000.00. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 17,000 shares of company stock valued at $89,297. 11.70% of the stock is owned by insiders.

About Resonant

Resonant Inc, a late-stage development company, engages in the development of filter designs for radio frequency (RF) front-ends used in the mobile device industry in the United States. It uses Infinite Synthesized Networks technology to configure and connect resonators, the building blocks of RF filters.

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