The stock of Neonode Inc. (NEON) has gone down by -33.42% for the week, with a 11.31% rise in the past month and a 273.61% rise in the past quarter. The volatility ratio for the week is 22.55%, and the volatility levels for the past 30 days are 17.07% for NEON. The simple moving average for the past 20 days is -11.26% for NEON’s stock, with a 175.67% 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 at 1.90. Analysts have varying views on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 1 as “hold,” and 0 as “sell.”
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The public float for NEON is 11.67M, and currently, shorts hold a 4.52% of that float. The average trading volume for NEON on October 02, 2024 was 732.99K shares.
NEON) stock’s latest price update
The stock price of Neonode Inc. (NASDAQ: NEON) has dropped by -11.32 compared to previous close of 9.10. Despite this, the company has seen a fall of -33.42% in its stock price over the last five trading days. prnewswire.com reported 2024-09-25 that STOCKHOLM , Sept. 25, 2024 /PRNewswire/ — Neonode Inc. (NASDAQ: NEON) (“Neonode”) is pleased to announce a new license agreement for an evolution of its licensable Touch Sensor Module (“TSM”) technology.
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 38.71% 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 -46.20% of loss for the given period.
Volatility was left at 17.07%, however, over the last 30 days, the volatility rate increased by 22.55%, as shares surge +17.81% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +181.18% upper at present.
During the last 5 trading sessions, NEON fell by -33.42%, which changed the moving average for the period of 200-days by +417.31% in comparison to the 20-day moving average, which settled at $9.16. In addition, Neonode Inc. saw 252.40% 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:
- -2.65 for the present operating margin
- -0.23 for the gross margin
The net margin for Neonode Inc. stands at -2.47. The total capital return value is set at -0.88. Equity return is now at value -58.35, with -52.88 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 -309.91. The debt to equity ratio resting at 0.0. The interest coverage ratio of the stock is 35.91.
Currently, EBITDA for the company is -10.59 million with net debt to EBITDA at 1.13. When we switch over and look at the enterprise to sales, we see a ratio of 25.2. The receivables turnover for the company is 3.56for trailing twelve months and the total asset turnover is 0.29. The liquidity ratio also appears to be rather interesting for investors as it stands at 8.06.
Conclusion
In conclusion, Neonode Inc. (NEON) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
