Neonode Inc [NEON] stock is trading at $16.81, up 68.27%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The NEON shares have gain 63.84% over the last week, with a monthly amount glided 54.50%, and seem to be holding up well over a long-time horizon.
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.
Neonode Inc [NEON] stock has fluctuated between $1.93 and $15.00 over the past year. Neonode Inc [NASDAQ: NEON] shares were valued at $16.81 at the most recent close of the market.
Analyzing the NEON fundamentals
Neonode Inc [NASDAQ:NEON] reported sales of 3.43M for the trailing twelve months, which represents a drop of -49.41%. Gross Profit Margin for this corporation currently stands at 0.83% with Operating Profit Margin at -1.92%, Pretax Profit Margin comes in at -1.76%, and Net Profit Margin reading is -1.78%. To continue investigating profitability, this company’s Return on Assets is posted at -0.36, Equity is -0.39 and Total Capital is -0.44. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.04.
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 11.93 points at the first support level, and at 7.04 for the second support level. However, for the 1st resistance point, the stock is sitting at 19.85, and for the 2nd resistance point, it is at 22.88.
Ratios To Look Out For
For context, Neonode Inc’s Current Ratio is 7.67. Also, the Quick Ratio is 7.67, while the Cash Ratio stands at 7.07. Considering the valuation of this stock, the price to sales ratio is 82.25, the price to book ratio is 19.36.
