Resonant Inc. (NASDAQ: RESN) is 100.00% higher on its value in year-to-date trading and has touched a low of $0.95 and a high of $8.33 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The RESN stock was last observed hovering at around $5.47 in the last trading session, with the day’s loss setting it -0.17% off its average median price target of $6.25 for the next 12 months. It is also 55.83% off the consensus price target high of $12.00 offered by 5 analysts, but current levels are -76.67% lower than the price target low of $3.00 for the same period.
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Currently trading at $5.30, the stock is -17.47% and 3.69% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.12 million and changing -3.11% at the moment leaves the stock 71.22% off its SMA200. RESN registered 204.60% gain for a year compared to 6-month gain of 103.07%. The firm has a 50-day simple moving average (SMA 50) of $6.20 and a 200-day simple moving average (SMA200) of $3.40.
The stock witnessed a -6.53% loss in the last 1 month and extending the period to 3 months gives it a 132.46%, and is -5.69% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 9.18% over the week and 10.72% over the month.
Resonant Inc. (RESN) has around 77 employees, a market worth around $287.74M and $3.00M in sales. Distance from 52-week low is 457.51% and -36.37% from its 52-week high. The company has generated returns on investments over the last 12 months (-307.80%).
Resonant Inc. (RESN) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Resonant Inc. (RESN) is a “Buy”. 5 analysts offering their recommendations for the stock have an average rating of 1.80, where 0 rate it as a Hold and 0 think it is a “Overweight”. 5 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Resonant Inc. is expected to release its quarterly report on 05/12/2021 and quarterly earnings per share for the current quarter are estimated at -$0.1 with sales reaching $600k over the same period.The EPS is expected to shrink by -3.70% this year, but quarterly earnings will post 329.90% year-over-year. Quarterly sales are estimated to grow 30.70% in year-over-year returns.
Resonant Inc. (RESN) Top Institutional Holders
81 institutions hold shares in Resonant Inc. (RESN), with 5.22M shares held by insiders accounting for 9.64% while institutional investors hold 47.73% of the company’s shares. The shares outstanding are 53.24M, and float is at 48.92M with Short Float at 9.61%. Institutions hold 43.13% of the Float.
The top institutional shareholder in the company is AWM Investment Company, Inc. with over 4.17 million shares valued at $11.05 million. The investor’s holdings represent 7.70% of the RESN Shares outstanding. As of Dec 30, 2020, the second largest holder is Blackrock Inc. with 2.89 million shares valued at $7.66 million to account for 5.34% of the shares outstanding. The other top investors are Vanguard Group, Inc. (The) which holds 2.17 million shares representing 4.00% and valued at over $5.74 million, while Herald Investment Management Ltd holds 1.85% of the shares totaling 1.0 million with a market value of $2.65 million.
Resonant Inc. (RESN) Insider Activity
A total of 35 insider transactions have happened at Resonant Inc. (RESN) in the last six months, with sales accounting for 10 and purchases happening 25 times. The most recent transaction is an insider sale by Carberry Marybeth, the company’s Exec VP of Business Operations. SEC filings show that Carberry Marybeth sold 4,000 shares of the company’s common stock on Jan 05 at a price of $4.00 per share for a total of $16000.0. Following the sale, the insider now owns 72877.0 shares.
Resonant Inc. disclosed in a document filed with the SEC on Dec 02 that Holmes George B (Chief Executive Officer) sold a total of 55,750 shares of the company’s common stock. The trade occurred on Dec 02 and was made at $2.17 per share for $0.12 million. Following the transaction, the insider now directly holds 0.43 million shares of the RESN stock.
Still, SEC filings show that on Dec 02, Carberry Marybeth (Exec VP of Business Operations) disposed off 25,311 shares at an average price of $2.19 for $55325.0. The insider now directly holds 76,877 shares of Resonant Inc. (RESN).
Resonant Inc. (RESN): Who are the competitors?
The company’s main competitors (and peers) include MoSys Inc. (MOSY) that is trading 140.72% up over the past 12 months. Skyworks Solutions Inc. (SWKS) is 72.52% up on the 1-year trading charts. Short interest in the company’s stock has fallen -16.81% from the last report on Jan 14, 2021 to stand at a total of 5.49 million short shares sold with a short interest ratio of 1.71.