Resonant Inc. with ticker code (RESN) have now 5 analysts in total covering the stock. The consensus rating is ‘Buy’. The target price ranges between 5 and 3 and has a mean target at 3.9. Given that the stocks previous close was at 2.42 this indicates there is a potential upside of 61.2%. There is a 50 day moving average of 2.27 and the 200 moving average now moves to 2.44. The company has a market cap of $132m. Company Website: http://www.resonant.com
The potential market cap would be $212m based on the market concensus.
Resonant Inc., a late-stage development company, designs and develops filters for radio frequency (RF) and front-ends used in the mobile device, automotive, medical, Internet-of-things, and related industries in the United States and internationally. It uses Infinite Synthesized Networks technology, a software platform to configure and connect resonators that are building blocks of RF filters. The company develops a series of single-band designs for frequency bands; and multiplexer filter designs for two or more bands to address the carrier aggregation requirements, as well as filter designs to replace various filters and associated componentry for various bands. Resonant Inc. was incorporated in 2012 and is headquartered in Goleta, California.
