Resonant Story

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RESN -- USA Stock  

USD 6.36  1.05  19.77%

45% of stocks are less volatile than Resonant, and 82% of all traded equity instruments are projected to make higher returns than the company over the 60 days investment horizon. As many conservative investors are still indifferent towards latest market risk, it is prudent, from our point of view, to outline Resonant's current volatility. We will inspect if the expected returns on Resonant will justify its current volatility. Resonant high volatility, while potentially profitable, can lead to more considerable losses for your portfolios.
Published over a week ago
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Will Resonant (NASDAQ:RESN) slide in February?
Resonant conducts business under Technology sector and is part of Semiconductors industry. Resonant holds a performance score of 13 on a scale of zero to a hundred. The company holds a Beta of 0.1903, which implies not very significant fluctuations relative to the market. Let's try to break down what Resonant's beta means in this case. As returns on the market increase, Resonant returns are expected to increase less than the market. However, during the bear market, the loss on holding Resonant will be expected to be smaller as well. Although it is vital to follow Resonant current trending patterns, it is good to be conservative about what you can do with the information regarding equity existing price patterns. Our philosophy towards forecasting future performance of any stock is to look not only at its past charts but also at the business as a whole, including all fundamental and technical indicators. To evaluate if Resonant expected return of 1.05 will be sustainable into the future, we have found twenty-one different technical indicators, which can help you to check if the expected returns are sustainable. Use Resonant information ratio, potential upside, as well as the relationship between the Potential Upside and kurtosis to analyze future returns on Resonant.
Volatility is a rate at which the price of Resonant or any other equity instrument increases or decreases for a given set of returns. It is measured by calculating the standard deviation of the annualized returns over a given period of time and shows the range to which the price of Resonant may increase or decrease. In other words, similar to Resonant's beta indicator, it measures the risk of Resonant and helps estimate the fluctuations that may happen in a short period of time. So if prices of Resonant fluctuate rapidly in a short time span, it is termed to have high volatility, and if it swings slowly in a more extended period, it is understood to have low volatility. Please read more on our technical analysis page.

How important is Resonant's Liquidity

Resonant financial leverage refers to using borrowed capital as a funding source to finance Resonant ongoing operations. It is usually used to expand the firm's asset base and generate returns on borrowed capital. Resonant financial leverage is typically calculated by taking the company's all interest-bearing debt and dividing it by total capital. So the higher the debt-to-capital ratio (i.e., financial leverage), the riskier the company. Please check the breakdown between Resonant's total debt and its cash.

How Resonant utilizes its cash?

To perform a cash flow analysis of Resonant, investors first need to understand how to read the cash flow statement. A cash flow statement shows the amount of cash Resonant is receiving and how much cash it distributes out in a given period. The Resonant cash flow statement breaks down these inflows and outflows into different buckets, including operating activities, investing activities, and financing activities.

Sale by Marybeth Carberry of 4000 shares of Resonant

Legal trades by Resonant insiders are very common, as founders, directors, or employees of any publicly traded firm often have stock or stock options. These trades are made public in the United States through the filing of Form 4 of the Securities and Exchange Commission. Below entry was recorded recently and is publicly available as an insider trade:
Resonant insider trading alert for sale of common stock by Marybeth Carberry, Exec VP of Business Operations, on 7th of January 2021. This event was filed by Resonant Inc with SEC on 2021-01-07. Statement of changes in beneficial ownership - SEC Form 4. Marybeth Carberry currently serves as vice president - business operations of Resonant [view details]   
Note, although insider trading is legal, in the United States, Canada, Australia, and Germany, for mandatory reporting purposes, corporate insiders are defined as a company's officers, directors, and any beneficial owners of more than 10% of a class of the company's equity securities.

Breaking it down a bit more

This firm reported the previous year's revenue of 3.01 M. Net Loss for the year was (29.13 M) with profit before overhead, payroll, taxes, and interest of 735 K.

Our perspective of the latest Resonant rise

Coefficient of variation is down to 452.29. It may entail a possible volatility slide. Resonant currently demonstrates below-verage downside deviation. It has Information Ratio of 0.2 and Jensen Alpha of 1.13. However, we do advice investors to further question Resonant expected returns to ensure all indicators are consistent with the current outlook about its relatively low value at risk.

Our Final Take On Resonant

Whereas other entities within the semiconductors industry are still a little expensive, even after the recent corrections, Resonant may offer a potential longer-term growth to institutional investors. With an impartial outlook on the current market volatility, it may be better to hold off any inventment activity and neither pick up nor short any shares of Resonant at this time. The Resonant risk-reward trade off is not appealing enough to do any trading. Please use our equity advice module to run different scenarios to ensure your current risk level and investment horizon are fully reflective of your current investing preferences in regards to Resonant.

About Contributor

This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Raphi Shpitalnik do not own shares of Resonant. Please refer to our Terms of Use for any information regarding our disclosure principles.

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