Moreover, the 36-month beta value for NEON is 1.94. Analysts have varying opinions on the stock, with 1 analysts rating it as a “buy,” 0 as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for NEON is 12.66M and currently, short sellers hold a 5.87% of that float. On November 15, 2024, NEON’s average trading volume was 693.93K shares.
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NEON) stock’s latest price update
The stock of Neonode Inc (NASDAQ: NEON) has increased by 6.10 when compared to last closing price of 5.90.Despite this, the company has seen a loss of -14.48% in its stock price over the last five trading days. prnewswire.com reported 2024-11-06 that STOCKHOLM, Nov. 6, 2024 /PRNewswire/ — Neonode Inc. (NASDAQ: NEON) (“Neonode” or the “Company”) today reported financial results for the three and nine months ended September 30, 2024. The financial results relate to continuing operations, which means Neonode’s licensing business as the products business has been reclassified to discontinued operations, following the decision in Q4 2023 to focus solely on the Company’s licensing business.
NEON’s Market Performance
NEON’s stock has fallen by -14.48% in the past week, with a monthly drop of -22.04% and a quarterly rise of 137.12%. The volatility ratio for the week is 11.53% while the volatility levels for the last 30 days are 8.60% for Neonode Inc The simple moving average for the past 20 days is -15.82% for NEON’s stock, with a 62.06% simple moving average for the past 200 days.
Analysts’ Opinion of NEON
Many brokerage firms have already submitted their reports for NEON stocks, with Ladenburg Thalmann repeating the rating for NEON by listing it as a “Buy.” The predicted price for NEON in the upcoming period, according to Ladenburg Thalmann is $16.50 based on the research report published on October 18, 2024 of the current year 2024.
Craig Hallum, on the other hand, stated in their research note that they expect to see NEON reach a price target of $12. The rating they have provided for NEON stocks is “Buy” according to the report published on November 11th, 2020.
Berenberg gave a rating of “Hold” to NEON, setting the target price at $1.50 in the report published on January 28th of the previous year.
NEON Trading at -24.75% 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 -58.27% of loss for the given period.
Volatility was left at 8.60%, however, over the last 30 days, the volatility rate increased by 11.53%, as shares sank -19.74% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -10.44% lower at present.
During the last 5 trading sessions, NEON fell by -14.48%, which changed the moving average for the period of 200-days by +266.08% in comparison to the 20-day moving average, which settled at $7.44. In addition, Neonode Inc saw 173.36% 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 -2.53. The total capital return value is set at -0.63. Equity return is now at value -52.45, with -48.35 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 -1659.25.
Currently, EBITDA for the company is -10.65 million with net debt to EBITDA at 1.56. When we switch over and look at the enterprise to sales, we see a ratio of 20.49. The receivables turnover for the company is 5.08for trailing twelve months and the total asset turnover is 0.22. The liquidity ratio also appears to be rather interesting for investors as it stands at 11.93.
Conclusion
To wrap up, the performance of Neonode Inc (NEON) has been mixed in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. 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.
