Resonant Inc. (NASDAQ:RESN) went down by -5.76% from its latest closing price compared to the recent 1-year high of $8.33. The company’s stock price has collected -8.66% of loss in the last five trading sessions. Press Release reported on 04/28/21 that Resonant Provides Preliminary First Quarter 2021 Financial Results
Is It Worth Investing in Resonant Inc. (NASDAQ :RESN) Right Now?
Plus, the 36-month beta value for RESN is at 2.18. Opinions of the stock are interesting as 4 analysts out of 4 who provided ratings for Resonant Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 0 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $6.66. RESN currently public float of 48.92M and currently shorts hold a 9.33% ratio of that float. Today, the average trading volume of RESN was 1.57M shares.
RESN’s Market Performance
RESN stocks went down by -8.66% for the week, with a monthly drop of -22.88% and a quarterly performance of -42.33%, while its annual performance rate touched 30.28%. The volatility ratio for the week stands at 6.32% while the volatility levels for the past 30 days are set at 7.03% for Resonant Inc.. The simple moving average for the period of the last 20 days is -13.27% for RESN stocks with a simple moving average of -5.55% for the last 200 days.
Analysts’ Opinion of RESN
Many brokerage firms have already submitted their reports for RESN stocks, with Stifel repeating the rating for RESN by listing it as a “Buy.” The predicted price for RESN in the upcoming period, according to Stifel is $2.20 based on the research report published on February 28th of the previous year 2020.
Craig Hallum, on the other hand, stated in their research note that they expect to see RESN reach a price target of $4, previously predicting the price at $5. The rating they have provided for RESN stocks is “Buy” according to the report published on May 09th, 2019.
RESN Trading at -25.96% from the 50-Day Moving Average
After a stumble in the market that brought RESN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -60.74% of loss for the given period.
Volatility was left at 7.03%, however, over the last 30 days, the volatility rate increased by 6.32%, as shares sank -24.83% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -47.60% lower at present.
During the last 5 trading sessions, RESN fell by -8.66%, which changed the moving average for the period of 200-days by +39.74% in comparison to the 20-day moving average, which settled at $3.72. In addition, Resonant Inc. saw 23.40% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at RESN starting from Carberry Marybeth, who sale 4,000 shares at the price of $4.36 back on Apr 01. After this action, Carberry Marybeth now owns 68,877 shares of Resonant Inc., valued at $17,445 using the latest closing price.
Carberry Marybeth, the Exec VP of Business Operations of Resonant Inc., sale 4,000 shares at $4.00 during a trade that took place back on Jan 05, which means that Carberry Marybeth is holding 72,877 shares at $16,000 based on the most recent closing price.
Stock Fundamentals for RESN
Current profitability levels for the company are sitting at:
- -888.73 for the present operating margin
The net margin for Resonant Inc. stands at -899.18. The total capital return value is set at -140.51, while invested capital returns managed to touch -147.10. Equity return is now at value -116.20, with -88.40 for asset returns.
Based on Resonant Inc. (RESN), the company’s capital structure generated 9.95 points at debt to equity in total, while total debt to capital is 9.05. Total debt to assets is 7.62, with long-term debt to equity ratio resting at 7.04. Finally, the long-term debt to capital ratio is 6.40.
When we switch over and look at the enterprise to sales, we see a ratio of 35.87, with the company’s debt to enterprise value settled at 0.02. The receivables turnover for the company is 22.10 and the total asset turnover is 0.12. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.39.