In the past week, NEON stock has gone up by 21.40%, with a monthly gain of 80.00% and a quarterly surge of 50.87%. The volatility ratio for the week is 11.90%, and the volatility levels for the last 30 days are 11.41% for Neonode Inc. The simple moving average for the past 20 days is 37.19% for NEON’s stock, with a 50.16% simple moving average for the past 200 days.
Is It Worth Investing in Neonode Inc. (NASDAQ: NEON) Right Now?
The 36-month beta value for NEON is also noteworthy at 1.71. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
The public float for NEON is 11.56M, and at present, short sellers hold a 1.13% of that float. The average trading volume of NEON on May 10, 2024 was 44.23K shares.
NEON) stock’s latest price update
Neonode Inc. (NASDAQ: NEON) has experienced a rise in its stock price by 7.85 compared to its previous closing price of 2.42. However, the company has seen a gain of 21.40% in its stock price over the last five trading days. Seeking Alpha reported 2024-02-29 that Neonode Inc. (NEON) Q4 2023 Earnings Call Transcript
Analysts’ Opinion of NEON
Many brokerage firms have already submitted their reports for NEON stocks, with Craig Hallum repeating the rating for NEON by listing it as a “Buy.” The predicted price for NEON in the upcoming period, according to Craig Hallum is $12 based on the research report published on November 11, 2020 of the previous year 2020.
Berenberg, on the other hand, stated in their research note that they expect to see NEON reach a price target of $1.50. The rating they have provided for NEON stocks is “Hold” according to the report published on January 28th, 2020.
Ascendiant Capital Markets gave a rating of “Buy” to NEON, setting the target price at $6 in the report published on August 07th of the previous year.
NEON Trading at 64.93% from the 50-Day Moving Average
After a stumble in the market that brought NEON to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -70.90% of loss for the given period.
Volatility was left at 11.41%, however, over the last 30 days, the volatility rate increased by 11.90%, as shares surge +76.35% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +68.39% upper at present.
During the last 5 trading sessions, NEON rose by +21.40%, which changed the moving average for the period of 200-days by -39.86% in comparison to the 20-day moving average, which settled at $1.96. In addition, Neonode Inc. saw 13.97% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for NEON
Current profitability levels for the company are sitting at:
- -2.72 for the present operating margin
- -0.18 for the gross margin
The net margin for Neonode Inc. stands at -2.56. The total capital return value is set at -0.76. Equity return is now at value -52.65, with -48.21 for asset returns.
Based on Neonode Inc. (NEON), the company’s capital structure generated 0.0 points at debt to capital in total, while cash flow to debt ratio is standing at -87.0. The debt to equity ratio resting at 0.0. The interest coverage ratio of the stock is 72.54.
Currently, EBITDA for the company is -10.59 million with net debt to EBITDA at 1.25. When we switch over and look at the enterprise to sales, we see a ratio of 6.15. The receivables turnover for the company is 3.93for trailing twelve months and the total asset turnover is 0.25. The liquidity ratio also appears to be rather interesting for investors as it stands at 8.91.
Conclusion
In summary, Neonode Inc. (NEON) has had a better performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
