Resonant (RESN) Gets a Buy Rating from H.C. Wainwright

In a report released today, Kevin Dede from H.C. Wainwright maintained a Buy rating on Resonant (RESNResearch Report), with a price target of $4. The company’s shares closed yesterday at $2.47.

According to TipRanks.com, Dede is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -16.9% and a 31.7% success rate. Dede covers the Consumer Goods sector, focusing on stocks such as Microvision, SuperCom, and eMagin.

Resonant has an analyst consensus of Moderate Buy, with a price target consensus of $4.25.

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Based on Resonant’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $7.14 million. In comparison, last year the company had a GAAP net loss of $5.95 million.

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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.