According to Zacks, “Resonant Inc. is a development-stage company. It creates filter designs for radio frequency front-ends for the mobile device industry. The Company’s product configures resonators, the building blocks of RF filters to select desired radio frequency signals and reject unwanted signals. Resonant Inc. is based in Santa Barbara, California. “
A number of other brokerages have also commented on RESN. Craig Hallum decreased their price objective on shares of Green Dot from $115.00 to $100.00 and set a buy rating on the stock in a report on Thursday, May 9th. Needham & Company LLC reissued a buy rating and set a $20.00 price objective on shares of MACOM Technology Solutions in a report on Monday, May 13th. Finally, HC Wainwright increased their price objective on shares of Palatin Technologies from $5.00 to $6.00 and gave the stock a buy rating in a report on Thursday, May 9th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Resonant presently has an average rating of Buy and an average price target of $6.30.
Shares of Resonant stock opened at $2.47 on Wednesday. The company has a quick ratio of 5.50, a current ratio of 5.50 and a debt-to-equity ratio of 0.17. The stock’s 50-day moving average price is $2.45. Resonant has a 12-month low of $0.92 and a 12-month high of $5.53.
Resonant (NASDAQ:RESN) last announced its earnings results on Wednesday, May 8th. The semiconductor company reported ($0.26) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.08). The firm had revenue of $0.13 million for the quarter, compared to analyst estimates of $0.20 million. Resonant had a negative return on equity of 103.25% and a negative net margin of 5,236.92%. As a group, equities research analysts forecast that Resonant will post -0.74 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently modified their holdings of RESN. Paradigm Capital Management Inc. NY acquired a new stake in shares of Resonant during the first quarter valued at approximately $153,000. Leisure Capital Management raised its stake in shares of Resonant by 4.5% in the 1st quarter. Leisure Capital Management now owns 79,575 shares of the semiconductor company’s stock valued at $239,000 after buying an additional 3,416 shares in the last quarter. Deutsche Bank AG raised its stake in shares of Resonant by 89,800.0% in the 4th quarter. Deutsche Bank AG now owns 89,900 shares of the semiconductor company’s stock valued at $119,000 after buying an additional 89,800 shares in the last quarter. Two Sigma Investments LP acquired a new stake in shares of Resonant during the 4th quarter worth about $48,000. Finally, Barclays PLC grew its holdings in Resonant by 23,188.8% during the 4th quarter. Barclays PLC now owns 20,727 shares of the semiconductor company’s stock worth $28,000 after acquiring an additional 20,638 shares during the last quarter. 9.18% of the stock is currently owned by institutional investors.
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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