Analyst Rating: Will Resonant Inc (RESN) Stock Lead the Market?

Friday, January 21, 2022 10:05 AM | InvestorsObserver Analysts

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Analyst Rating: Will Resonant Inc (RESN) Stock Lead the Market?

Wall Street is positive on Resonant Inc (RESN). On average, analysts give RESN a Strong Buy rating. The average price target is $6.25, which means analysts expect the stock to gain by 373.48% over the next twelve months. That average ranking earns RESN an Analyst Rating of 74, which is better than 74% of stocks based on data compiled by InvestorsObserver.

Wall Street analysts are rating RESN a Strong Buy today. Find out what this means to you and get the rest of the rankings on RESN!

See Full RESN Report

Why are Analyst Ratings Important?

A company's financial statements are a significant factor weighted by experts when analyzing a company's health. Beyond just the numbers, analysts follow specific industries closely and are able to gain a detailed understanding of how a storm in one part of the world can shutdown supply chains leading to a change in consumption across the globe. This knowledge allows investors to respond to potential changes in the market before they are revealed in a quarterly annoucement. InvestorsObserver averages the ratings across all these analysts and percentile ranks those averages. This allows you to compare stocks in greater detail than the usual five-tiered system used amongst the majority of investors.

What's Happening With Resonant Inc Stock Today?

Resonant Inc (RESN) stock is trading at $1.32 as of 10:03 AM on Friday, Jan 21, a decline of -$0.05, or -3.65% from the previous closing price of $1.37. The stock has traded between $1.32 and $1.42 so far today. Volume today is below average. So far 102,497 shares have traded compared to average volume of 732,465 shares. Click Here to get the full Stock Report for Resonant Inc stock.