Neonode Inc. (NASDAQ:NEON - Get Free Report) was the target of a significant decline in short interest during the month of October. As of October 15th, there was short interest totalling 825,700 shares, a decline of 19.8% from the September 30th total of 1,030,000 shares. Based on an average daily trading volume, of 669,100 shares, the short-interest ratio is presently 1.2 days.
Analyst Upgrades and Downgrades
Several equities analysts have recently commented on NEON shares. LADENBURG THALM/SH SH initiated coverage on shares of Neonode in a research report on Friday, October 18th. They set a "buy" rating and a $16.50 price target on the stock. StockNews.com upgraded Neonode to a "sell" rating in a research report on Friday.
Get Our Latest Analysis on NEON
Neonode Stock Performance
Shares of Neonode stock traded up $0.19 during trading hours on Friday, reaching $8.05. The company's stock had a trading volume of 137,083 shares, compared to its average volume of 283,548. Neonode has a one year low of $1.02 and a one year high of $15.00. The company's 50 day simple moving average is $7.96 and its 200 day simple moving average is $4.35. The stock has a market cap of $124.53 million, a P/E ratio of -11.18 and a beta of 1.89.
Neonode (NASDAQ:NEON - Get Free Report) last issued its earnings results on Thursday, August 8th. The electronics maker reported ($0.11) earnings per share (EPS) for the quarter. Neonode had a negative return on equity of 64.05% and a negative net margin of 247.41%. The business had revenue of $1.42 million during the quarter. On average, sell-side analysts predict that Neonode will post -0.48 earnings per share for the current fiscal year.
About Neonode
(
Get Free Report)
Neonode Inc, together with its subsidiaries, develops optical sensing solutions for contactless touch, touch, and gesture sensing in the United States, Japan, South Korea, Germany, Switzerland, France, Sweden, China, and internationally. It also offers software solutions for machine perception to detect and track persons and objects in video streams from cameras and other types of imagers.
See Also
Before you consider Neonode, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Neonode wasn't on the list.
While Neonode currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
