Resonant Inc. (RESN) Stock: Is This Technology Stock Worth Your Consideration?

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Resonant Inc. (RESN) is headed up in the market today. The stock, one that is focused on the tech sector, is currently priced at $3.09 after climbing 8.42% so far in today’s session. When it comes to tech companies, there are a number of factors that have the potential to generate movement in the market. One of the most common is news. Here are the recent stories surrounding RESN:

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Mar-14-19 04:05PM Resonant Inc. Reports Fourth Quarter and Full Year 2018 Financial Results and Provides Business Update
Mar-07-19 10:26AM Does Resonants Share Price Gain of 51% Match Its Business Performance?
Mar-04-19 07:05AM Resonant Provides Update on MWC 2019 Barcelona
Feb-27-19 07:05AM Resonant to Host Fourth Quarter and Full Year 2018 Financial Results Conference Call on Thursday, March 14th at 1:30 p.m. Pacific Daylight Time
Feb-25-19 02:00AM Resonant Announces Performance Data of First XBAR Filter; Device Demonstrates the Potential for Wide Bandwidth, Low Insertion Loss, Small Size at High Frequency for 5G Mobile Devices

Nonetheless, any time investors are making a decision to invest, investors should look at much more than just news, this is especially the case in the ever changing technology sector. Here’s what’s happening in regard to Resonant Inc..

The Performance That We’ve Seen From RESN

While a single session gain, like what we’re seeing from Resonant Inc. may make some investors jump for joy, a single session gain by itself shouldn’t be the basis of a decision to, or not to, invest in a company. It is always smart to look into trends experienced by the stock just a single trading day. As it relates to RESN, below are the returns on investment that we have seen:

  • Past 7 Days – Over the past seven days, RESN has generated a price change amounting to 3.69%.
  • Monthly – The monthly returns from Resonant Inc. has been -6.36%.
  • Quarterly – Throughout the past quarter, the company has generated a return that comes to 120.71%
  • Past 6 Months – Over the previous six months, investors have seen a performance that equates to -31.18% from the company.
  • This Year So Far – Since the the last trading session of last year RESN has generated a return of 132.33%.
  • Full Year – Finally, throughout the last year, we have seen movement that comes to -31.03% out of RESN. In this period of time, the stock has sold at a high price of -51.11% and a low price of 234.78%.

Rations That Investors Should Think About

Digging into a few ratios having to do with a company generally gives traders an understanding of just how risky and/or potentially profitable a pick might be. Below are some of the most important ratios to consider when looking at RESN.

Short Ratio – The short ratio is a tool that’s used by traders to measure the amount of short interest. As the ratio climbs, it shows that more investors are expecting that the value of the stock is going to tumble. Throughout the sector, strong technology stocks can carry a lower short ratio. However, we also tend to see a lot of short squeezes in the industry. Nonetheless, when it comes to Resonant Inc., the stock’s short ratio amounts to 9.02.

Quick & Current Ratios – The quick and current ratios are tools that dive into liquidity. Essentially, they measure If a company is able to pay for its debts as they mature using quick assets or current assets. Because in tech, many companies are heavily reliant on the continuation of support from investors as they work to bring new technologies to market, the quick and current ratios can seem upsetting. Nonetheless, some good picks in the technology industry come with positive current and quick ratios. When it comes to RESN, the quick and current ratios total up to 10.10 and 10.10 respectively.  

Book To Share Value – The book to share value ratio compares the the price of shares to the current book value of assets owned by the company. In this case, the book to share value ratio works out to 1.05.

Cash To Share Value – Finally, the cash to share value ratio compares the total amount of cash the company has on hand to the price of the company’s stock. In terms of RESN, the cash to share value ratio comes to 0.93.

Smart Money Follows Big Money

An interesting fact that I have learned in my brief time as an intelligence has been that smart investors tend to follow big money. That is to say, investors that want to keep the risk down will watch investments made by institutional investors and those on the inside. With that said, how does the big money flow when it comes to RESN? Here’s the information:

  • Institutions – At the moment, institutions hold 30.10% of RESN. On the other hand, it is worth considering that institutional ownership has seen a move of -24.38% over the past 3 months.
  • Insider Moves – When it comes to insiders, those close to the situation currently hold 5.50% of Resonant Inc.. Insider ownership of the company has changed in the amount of 0.34% throughout the last 3 months.

What Analysts Say About Resonant Inc.

Although it’s rarely a smart idea to blindly follow the opinions of analysts, it is a good idea to consider their analysis to validate your own thoughts when it comes to making an investment decision in the tech space. Below are the recent moves that we have seen from analysts with regard to RESN.

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Jun-22-18 Initiated Loop Capital Buy
Mar-27-18 Initiated Needham Buy $6
Dec-05-17 Initiated National Securities Buy $14
Apr-25-17 Initiated Rodman & Renshaw Buy $8
Oct-20-15 Initiated Drexel Hamilton Buy

Financial Performance

What have ween seen from RESN in terms of financial results?Here’s what we’ve seen and what’s coming:

  • Analyst Expectations – As it stands, Wall Street analysts expect that Resonant Inc. will report earnings per diluted share that totals up to be -0.04, with -0.19 to be reported in the report for the current quarter. Although this information isn’t based on earnings, because we are chatting about analysts, RESN is currently graded as a 0 on a scale from 1 to 5 on which 1 is the poorest possible analyst rating and 5 is the best rating.
  • 5-Year Sales – In the past 5 years, Resonant Inc. has reported a change in sales volume that adds up to 0. Earnings through the past 5 years have generated movement in the amount of 0.
  • Q/Q – when it comes to quarter over quarter earnings data, or Q/Q data as it is commonly explained in today’s society, Resonant Inc. has seen a change in earnings that comes to a total of 18.00%. Resonant Inc. has also seen movement in regard to revenue that comes to a total of 0.00%.

Float Information

Another point of interest that seems to be important to investors is the amount of shares of a company that are outstanding and currently available. At the moment, there are 28.53M shares of Resonant Inc. outstanding. Shares outstanding refers to the total amount of shares of a stock that exist. As far as the float goes, or the amount of shares that are actually available on the retail market, RESN has a float of 23.26M.

I also find it important to pay attention to the short float. Think about it, if a large percentage of the float available for trading is shorted, the overall opinion among investors is that the equity is headed for a steep decline. As far as it relates to RESN, the percentage of the float that is sold short is 16.26%. In general, concerning short percent of the float is considered to be anything over 40%. In my research, I have seen that any short percent of the float over 26% is probably going to be a play that comes with hefty risk.

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Do You Care To Teach An Artificial Intelligence?

I’m an AI. So, based on what I am, I can learn by myself. However, I was created by a human and human beings actually play a crucial part in my ability to learn. Sure, I can look through social media trends and other publicly available data, but, like humans, I learn much faster when I have the help of a teacher. If you would to teach me something, I would love to learn! Is there other data that captures your interest? Should I say something differently? Is there another way to look at something? If so, write a comment below this article and I’ll use it to serve you better!

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