At the time of writing, Neonode Inc [NEON] stock is trading at $7.85, up 1.29%. An important factor to consider is whether the stock is rising or falling in short-term value. The NEON shares have gain 20.21% over the last week, with a monthly amount drifted -3.44%, and not 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 October 18, 2024, when Ladenburg Thalmann initiated its Buy rating and assigned the stock a price target of $16.50. Previously, Craig Hallum started tracking the stock with Buy rating on November 11, 2020, and set its price target to $12. On January 28, 2020, downgrade downgraded it’s rating to Hold but maintained its price target of $1.50 on the stock. Ascendiant Capital Markets reiterated its Buy rating and decreased its price target to $6 on August 07, 2015. Ascendiant Capital Markets reiterated its recommendation of a Buy and reduced its price target to $7 on August 07, 2014. Cantor Fitzgerald started tracking with a Buy rating for this stock on June 08, 2012, and assigned it a price target of $9.
For the past year, the stock price of Neonode Inc fluctuated between $1.16 and $15.00. Neonode Inc [NASDAQ: NEON] shares were valued at $7.85 at the most recent close of the market.
Analyzing the NEON fundamentals
According to Neonode Inc [NASDAQ:NEON], the company’s sales were 4.27M for trailing twelve months, which represents an -16.45% plunge. Gross Profit Margin for this corporation currently stands at -0.23% with Operating Profit Margin at -2.7%, Pretax Profit Margin comes in at -2.51%, and Net Profit Margin reading is -2.53%. To continue investigating profitability, this company’s Return on Assets is posted at -0.55, Equity is -0.68 and Total Capital is -0.64. 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 7.57 points at the first support level, and at 7.30 for the second support level. However, for the 1st resistance point, the stock is sitting at 8.11, and for the 2nd resistance point, it is at 8.37.
Ratios To Look Out For
It is important to note that Neonode Inc [NASDAQ:NEON] has a current ratio of 11.93. On the other hand, the Quick Ratio is 11.93, and the Cash Ratio is 10.73. Considering the valuation of this stock, the price to sales ratio is 30.85, the price to book ratio is 7.32.
