Neonode (NEON) Stock Price, News & Analysis

Company Overview

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. In addition, the company sells touch sensor modules to OEMs, original design manufacturers, and systems integrators. Further, it licenses its zForce technology to original equipment manufacturers and automotive Tier 1 suppliers, as well as provides non-recurring engineering services related to application development. It serves office equipment, automotive, industrial automation, medical, military, and avionics markets. Neonode Inc. was incorporated in 1997 and is headquartered in Stockholm, Sweden.

Key Stats

• Today's Range: $5.73 to $6.38
• 50-Day Range: $5.90 to $12.12
• 52-Week Range: $1.10 to $15.00
• Volume: 175,779 shs
• Average Volume: 276,140 shs
• Market Capitalization: $105.55 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $16.50
• Consensus Rating: Buy

Neonode Stock Analysis - MarketRank™

Neonode scored higher than 65% of companies evaluated by MarketBeat, and ranked 346th out of 658 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.5 / 5
• Analyst Rating: Buy

Consensus Rating

Neonode has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Neonode has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.0 / 5
• Proj. Earnings Growth: Decreasing

Earnings Growth

Earnings for Neonode are expected to decrease in the coming year, from ($0.42) to ($0.46) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Neonode is -8.86, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Neonode is -8.86, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Neonode has a P/B Ratio of 5.88. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

4.43% of the outstanding shares of Neonode have been sold short.

Short Interest Ratio / Days to Cover

Neonode has a short interest ratio ("days to cover") of 1.1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Neonode has recently decreased by 9.94%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Neonode does not currently pay a dividend.

Dividend Growth

Neonode does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

4.43% of the outstanding shares of Neonode have been sold short.

Short Interest Ratio / Days to Cover

Neonode has a short interest ratio ("days to cover") of 1.1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Neonode has recently decreased by 9.94%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 3.1 / 5
• News Sentiment: 0.67

News Sentiment

Neonode has a news sentiment score of 0.67. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.55 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 7 news articles for Neonode this week, compared to 1 article on an average week.

Search Interest

Only 2 people have searched for NEON on MarketBeat in the last 30 days. This is a decrease of -71% compared to the previous 30 days.

MarketBeat Follows

7 people have added Neonode to their MarketBeat watchlist in the last 30 days. This is an increase of 600% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Neonode insiders have not sold or bought any company stock.

Percentage Held by Insiders

23.93% of the stock of Neonode is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

Only 11.63% of the stock of Neonode is held by institutions.

NEON Stock Analysis - Frequently Asked Questions

How have NEON shares performed this year?

Neonode's stock was trading at $2.29 on January 1st, 2024. Since then, NEON shares have increased by 174.7% and is now trading at $6.29.
View the best growth stocks for 2024 here.

How were Neonode's earnings last quarter?

Neonode Inc. (NASDAQ:NEON) released its quarterly earnings data on Wednesday, November, 10th. The electronics maker reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.14) by $0.01. The electronics maker had revenue of $0.96 million for the quarter. Neonode had a negative trailing twelve-month return on equity of 67.67% and a negative net margin of 252.78%.

When did Neonode's stock split?

Neonode shares reverse split on Monday, October 1st 2018. The 1-10 reverse split was announced on Monday, October 1st 2018. The number of shares owned by shareholders was adjusted after the market closes on Friday, September 28th 2018. An investor that had 100 shares of stock prior to the reverse split would have 10 shares after the split.

Who are Neonode's major shareholders?

Top institutional investors of Neonode include Belvedere Trading LLC.
View institutional ownership trends.

How do I buy shares of Neonode?

Shares of NEON stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Neonode own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Neonode investors own include Ford Motor (F), Inovio Pharmaceuticals (INO), OPKO Health (OPK), Alibaba Group (BABA), Vuzix (VUZI), MicroVision (MVIS) and Nokia Oyj (NOK).

Company Calendar

• Last Earnings: 11/10/2021
• Today: 11/14/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/26/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Computer and Technology
• Industry: Electronic components, not elsewhere classified
• Sub-Industry: Electronic Manufacturing Services
• Current Symbol: NASDAQ:NEON
• CUSIP: 64051M40
• CIK: 87050
• Web: www.neonode.com
• Phone: 46-0-866-717-17
• Fax: 46-8678-1851
• Employees: 50
• Year Founded: 2001

Price Target and Rating

• Average Stock Price Target: $16.50
• High Stock Price Target: $16.50
• Low Stock Price Target: $16.50
• Potential Upside/Downside: +173.2%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 1 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($0.71)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-10,120,000.00
• Net Margins: -252.78%
• Pretax Margin: -255.82%
• Return on Equity: -67.67%
• Return on Assets: -60.74%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 11.93
• Quick Ratio: 11.93

Sales & Book Value

• Annual Sales: $4.45 million
• Price / Sales: 22.78
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $1.07 per share
• Price / Book: 5.64

Miscellaneous

• Outstanding Shares: 16,780,000
• Free Float: 12,767,000
• Market Cap: $101.35 million
• Optionable: Optionable
• Beta: 1.93