H.C. Wainwright analyst Kevin Dede maintained a Buy rating on Resonant (RESN) today and set a price target of $8. The company’s shares closed yesterday at $3.12.
According to TipRanks.com, Dede has 0 stars on 0-5 star ranking scale with an average return of -11.9% and a 34.6% success rate. Dede covers the Consumer Goods sector, focusing on stocks such as Microvision, SuperCom, and eMagin.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Resonant with a $6.25 average price target.
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The company has a one-year high of $6.32 and a one-year low of $0.92. Currently, Resonant has an average volume of 197K.
Based on the recent corporate insider activity of 42 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.
