Resonant Inc. (RESN - Free Report) was a big mover last session, as the company saw its shares rise nearly 10% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $2.34 to $2.85 in the past one-month time frame.
The stock gained after the company achieved a significant technological breakthrough with the industry-first manufacture of patented 5G XBAR filters through standard surface acoustic wave process.
The company has seen no changes when it comes to estimate revision over the past few weeks, while the Zacks Consensus Estimate for the current quarter has also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Resonant currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Resonant Inc. Price
A better-ranked stock in the Semiconductors - Radio Frequency industry is Qorvo, Inc. (QRVO - Free Report) , which currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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