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.
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, delisted 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...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.
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Raphi Shpitalnik is a Junior Member of Macroaxis Editorial Board. Raphael is a young entrepreneur who joined Macroaxis on a part-time basis at the beginning of the pandemic and eventually acquired a real taste for investing and fintech. He likes to analyze different equity instruments across a wide range of industries, focusing primarily on consumer products, sports, fintech, cannabis, and AI.
View Profile 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
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