While Neonode Inc has overperformed by 1.29%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, NEON rose by 548.76%, with highs and lows ranging from $15.00 to $1.16, whereas the simple moving average jumped by 91.00% in the last 200 days.
On October 18, 2024, Ladenburg Thalmann started tracking Neonode Inc (NASDAQ: NEON) recommending Buy. A report published by Craig Hallum on November 11, 2020, Initiated its previous ‘Buy’ rating for NEON. Berenberg also Downgraded NEON shares as ‘Hold’, setting a target price of $1.50 on the company’s shares in a report dated January 28, 2020. Ascendiant Capital Markets Reiterated the rating as Buy on August 07, 2015, but set its price target from $7 to $6. Ascendiant Capital Markets resumed its ‘Buy’ rating for NEON, as published in its report on August 07, 2014. Cantor Fitzgerald’s report from June 08, 2012 suggests a price prediction of $9 for NEON shares, giving the stock a ‘Buy’ rating.
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Analysis of Neonode Inc (NEON)
Further, the quarter-over-quarter decrease in sales is -16.45%, showing a negative trend in the upcoming months.
One of the most important indicators of Neonode Inc’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of -52.45% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 11.93, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and NEON is recording 435.76K average volume. On a monthly basis, the volatility of the stock is set at 9.69%, whereas on a weekly basis, it is put at 12.36%, with a gain of 20.21% over the past seven days. Furthermore, long-term investors anticipate a median target price of $16.50, showing growth from the present price of $7.85, which can serve as yet another indication of whether NEON is worth investing in or should be passed over.
How Do You Analyze Neonode Inc Shares?
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 24.56%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 14.44% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
NEON shares are owned by institutional investors to the tune of 14.44% at present.
