Resonant Story

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RESN -- USA Stock  

USD 3.48  0.14  3.87%

In general, we focus on analyzing Resonant (NASDAQ:RESN) price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Resonant daily price indicators and compare them against related drivers. Today's article will outline Resonant. We will evaluate why recent Resonant price moves suggest a bounce in April.
Published over a month ago
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Will Resonant continue to grow in April?
Resonant's average rating is Strong Buy from 1 analysts.
We provide trade recommendations to complement the recent expert consensus on Resonant. Our dynamic recommendation engine exercises a multidimensional algorithm to analyze the firm's potential to grow using all technical and fundamental data available at the time.
The successful prediction of Resonant stock price could yield a significant profit to investors. But is it possible? The efficient-market hypothesis suggests that all published stock prices of traded companies, such as Resonant, already reflect all publicly available information. This academic statement is a fundamental principle of many financial and investing theories used today. However, the typical investor usually disagrees with a 'textbook' version of this hypothesis and continually tries to find mispriced stocks to increase returns. We use internally-developed statistical techniques to arrive at the intrinsic value of Resonant based on Resonant hews, social hype, general headline patterns, and widely used predictive technical indicators.
We also calculate exposure to Resonant's market risk, different technical and fundamental indicators, relevant financial multiples and ratios, and then comparing them to Resonant's related companies.

Use Technical Analysis to project Resonant expected Price

Resonant technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Resonant technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Resonant trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

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 2nd of April 2021. This event was filed by Resonant Inc with SEC on 2021-04-02. 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.

Another Deeper Perspective

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.

Analysis of Resonant

The mean deviation is down to 5.75 as of today.
As of the 15th of March 2021, Resonant holds the Semi Deviation of 4.76, risk adjusted performance of 0.1701, and Coefficient Of Variation of 519.14. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Resonant, as well as the relationship between them. Put it differently, you can use this information to find out if the company will indeed mirror its model of past market data, or the prices will eventually revert. We are able to interpolate and collect nineteen technical drivers for Resonant, which can be compared to its competitors. Please check Resonant information ratio, potential upside, as well as the relationship between the Potential Upside and kurtosis to decide if Resonant is priced some-what accurately, providing market reflects its current price of 4.92 per share. Given that Resonant has jensen alpha of 1.45, we recommend you to check out Resonant's recent market performance to make sure the company can sustain itself at a future point.

Our Conclusion on Resonant

Whereas some other entities in the semiconductors industry are either recovering or due for a correction, Resonant may not be performing as strong as the other in terms of long-term growth potentials. The inconsistency in the assessment between current Resonant valuation and our trade advice on Resonant is due to the recent market swings and your selection of investing horizon. 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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