Resonant Inc. (RESN) saw an uptrend of 4.66% in the recent, registering $2.47 being its most recent bid. The distance of current price level is -31.01% lower than the highest price of $3.58 marked by the stock while trading over the past 52-weeks, whereas it is 159.82% higher than the lowest price of $0.95 the company dropped to over past 52-weeks. The latest news story on RESN appeared in GlobeNewswire under the title “Murata Manufacturing Co., Ltd., the Worlds Leading RF Module and Filter Provider and Resonant, Inc. Confirm Target Performance, Packaging and Initial Reliability for First Mobile XBAR Design, and Approve Move to the Manufacturing Development Phase of the Agreement” on Oct-05-20.
Squeezing the time span to 30 day period shows us the stock currently buoying -11.79% below one month high and is +17.06% above of the lowest during that time. Looking into the simple moving average, Resonant Inc. (RESN)’s stock is currently standing at a SMA-50 of $2.53 while that of 5-day is reading $2.48.
Daily rise and fall of price influence many of the traders, and in order to overcome the fluctuating effect of that and to watch the stock closely, traders focus more on stock’s 200-day moving average. At various points in trading activity, investors are more likely to be making use of that measure as a strong indicator in figuring out their support and resistance levels, and RESN’s SMA-200 at this time is reading $2.22.
Coming around sales and income figures, publically trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor. Resonant Inc. (RESN) releasing its most recent results for the quarter ended 6/29/2020 posted a surprise factor of 16.70% for net revenue. During the reported three-month period, company’s sales were $604.0 million while analysts on average were estimating the same to be $0.87 million.
Looking into the perspective of Resonant Inc. (NASDAQ:RESN)’s current quarter earnings identifies that analysts are in consensus over the estimate of -0.12 for stock’s EPS in the current quarter. 5 analysts covering the stock at Wall Street were agreed upon that EPS consensus. Company’s EPS for the last quarter was -0.1.
Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). Institutions currently hold 52.90 million of RESN’s outstanding shares. That indicates a holding of about 46.80% or $108.68 of worth by institutional holders in the company.
Moreover, the latest SEC filings also revealed that stock came across 5 new insider purchases involving 43,277 shares. On the other hand, RESN declared 46,167 shares have been sold in 9 insider transactions over the past three months.
As on Jun 29, 2020, AWM Investment Company, Inc. was the top most holder in Resonant Inc. (NASDAQ:RESN) with an ownership of 4.17 million shares of the company or 7.82% of the stake worth $9.71 million. The filing also reveals Select Equity Group, Inc. as the second largest holder in the company with a control over 7.50% of the stake or worth of $9.32 million for having 4.0 million shares in hand.
Blackrock Inc. also came increasing its position in the company during the recent quarter and it now holds 5.47% of the outstanding shares. With this there are now 44 institutions which have been in possession of RESN’s shares.
Investors are for sure keenly observing the recommendations of analysts at Wall Street about the Resonant Inc. And review of current evaluations agreed by the analysts discloses a Buy rating for RESN. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 1.80 for the stock. Lower value of between 1 and 2 implies a Buy recommendation whereas the value in the range of above 4 suggests Hold while below 1 recommends the investors to Sell the stock. Currently, the stock has been recommended as Strong Buy by 5 of the Wall Street analysts.
The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, liquidity recorded by Resonant Inc. was 1.76 while posting a debt to equity ratio of 0.00. The count was 21.10 for long-term debt to equity ratio.
Company attained a return on equity (ROE) of -154.10% in past 12 months against the same posted by peer companies of the relevant industry. The rising figure indicates that RESN came strengthening itself from within over the past one year. A comparison of company’s ROE with that of the Semiconductors industry and with the broader scale at the Technology sector level shows that industry’s average ROE is 5.68.