At the time of writing, Neonode Inc. [NEON] stock is trading at $11.45, up 12.53%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The NEON shares have gain 40.66% over the last week, with a monthly amount glided 124.95%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Neonode Inc. [NASDAQ: NEON] stock has seen the most recent analyst activity on November 11, 2020, when Craig Hallum initiated its Buy rating and assigned the stock a price target of $12. Previously, Berenberg downgraded its rating to Hold on January 28, 2020, and kept the price target unchanged to $1.50. On August 07, 2015, Ascendiant Capital Markets reiterated its Buy rating and revised its price target to $6 on the stock. Ascendiant Capital Markets reiterated its Buy rating and decreased its price target to $7 on August 07, 2014. Cantor Fitzgerald initiated its recommendation with a Buy and recommended $9 as its price target on June 08, 2012.
For the past year, the stock price of Neonode Inc. fluctuated between $1.02 and $15.00. Neonode Inc. [NASDAQ: NEON] shares were valued at $11.45 at the most recent close of the market.
Analyzing the NEON fundamentals
According to Neonode Inc. [NASDAQ:NEON], the company’s sales were 4.43M for trailing twelve months, which represents an 18.67% jump. Gross Profit Margin for this corporation currently stands at -0.23% with Operating Profit Margin at -2.65%, Pretax Profit Margin comes in at -2.46%, and Net Profit Margin reading is -2.47%. To continue investigating profitability, this company’s Return on Assets is posted at -0.72, Equity is -0.64 and Total Capital is -0.88. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.0.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 10.30 points at the first support level, and at 9.15 for the second support level. However, for the 1st resistance point, the stock is sitting at 12.05, and for the 2nd resistance point, it is at 12.65.
Ratios To Look Out For
It is important to note that Neonode Inc. [NASDAQ:NEON] has a current ratio of 8.06. In addition, the Quick Ratio stands at 7.95 and the Cash Ratio stands at 7.0. Considering the valuation of this stock, the price to sales ratio is 39.98, the price to book ratio is 13.20.
