According to TipRanks.com, Gill is a 5-star analyst with an average return of 12.7% and a 59.2% success rate. Gill covers the Consumer Goods sector, focusing on stocks such as Everspin Technologies Inc, Smart Global Holdings Inc, and Adesto Technologies Corp.
Currently, the analyst consensus on Resonant is a Moderate Buy with an average price target of $4.25, representing an 80.1% upside. In a report issued on October 14, H.C. Wainwright also maintained a Buy rating on the stock with a $4.00 price target.
Based on Resonant’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $7.5 million. In comparison, last year the company had a GAAP net loss of $6.28 million.
Based on the recent corporate insider activity of 43 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of RESN in relation to earlier this year.
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Resonant, Inc. operates as a development-stage company, which engages in the creation of filter designs for radio frequency front-ends for the mobile device industry. Its products include the Infinite Synthesized Networks. Infinite Synthesized Networks designs complex filter products.