Neonode Inc. (NASDAQ:NEON - Get Free Report)'s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $4.86 and traded as high as $6.57. Neonode shares last traded at $6.13, with a volume of 125,250 shares trading hands.
Analysts Set New Price Targets
NEON has been the subject of a number of analyst reports. StockNews.com upgraded shares of Neonode to a "sell" rating in a report on Friday, November 8th. LADENBURG THALM/SH SH initiated coverage on shares of Neonode in a report on Friday, October 18th. They issued a "buy" rating and a $16.50 price target for the company.
View Our Latest Analysis on NEON
Neonode Price Performance
The company has a market cap of $102.86 million, a price-to-earnings ratio of -8.63 and a beta of 1.93. The stock has a 50-day moving average price of $8.31 and a 200 day moving average price of $4.88.
Institutional Investors Weigh In On Neonode
Several large investors have recently made changes to their positions in the stock. Geode Capital Management LLC lifted its position in Neonode by 12.1% in the 3rd quarter. Geode Capital Management LLC now owns 125,946 shares of the electronics maker's stock valued at $1,146,000 after acquiring an additional 13,590 shares in the last quarter. State Street Corp lifted its holdings in shares of Neonode by 50.5% in the third quarter. State Street Corp now owns 45,911 shares of the electronics maker's stock valued at $418,000 after purchasing an additional 15,400 shares in the last quarter. Finally, Centiva Capital LP acquired a new position in shares of Neonode during the third quarter worth about $201,000. Institutional investors own 11.63% of the company's stock.
Neonode Company Profile
(
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.
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