News coverage about Resonant (NASDAQ:RESN) has been trending somewhat positive this week, Accern Sentiment reports. The research group rates the sentiment of news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Resonant earned a daily sentiment score of 0.05 on Accern’s scale. Accern also gave media coverage about the semiconductor company an impact score of 44.9435615077174 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the media stories that may have impacted Accern’s scoring:
Several equities research analysts have recently weighed in on the company. HC Wainwright set a $8.00 target price on Resonant and gave the stock a “buy” rating in a research report on Thursday, August 10th. Zacks Investment Research downgraded Resonant from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th.
Shares of Resonant (NASDAQ RESN) traded down 1.17% during midday trading on Wednesday, hitting $4.23. The stock had a trading volume of 12,206 shares. The firm has a 50-day moving average price of $4.62 and a 200-day moving average price of $4.58. Resonant has a 1-year low of $3.82 and a 1-year high of $5.55. The firm’s market cap is $62.17 million.
Resonant (NASDAQ:RESN) last posted its earnings results on Wednesday, August 9th. The semiconductor company reported ($0.29) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.26) by ($0.03). Resonant had a negative net margin of 3,119.05% and a negative return on equity of 150.42%. The company had revenue of $0.22 million for the quarter, compared to the consensus estimate of $0.10 million. On average, equities analysts anticipate that Resonant will post ($1.11) EPS for the current fiscal year.
In related news, Director John E. Major bought 20,000 shares of the business’s stock in a transaction on Tuesday, August 15th. The shares were bought at an average cost of $4.36 per share, for a total transaction of $87,200.00. Following the completion of the acquisition, the director now directly owns 95,978 shares in the company, valued at $418,464.08. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. 22.30% of the stock is owned by company 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.