Neonode Inc. (NASDAQ:NEON - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $8.62 and traded as high as $10.23. Neonode shares last traded at $9.88, with a volume of 86,823 shares changing hands.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen downgraded shares of Neonode from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd.
View Our Latest Analysis on Neonode
Neonode Price Performance
The company has a 50 day simple moving average of $9.66 and a two-hundred day simple moving average of $8.70. The company has a market capitalization of $177.06 million, a P/E ratio of -14.86 and a beta of 0.45.
Neonode (NASDAQ:NEON - Get Free Report) last posted its quarterly earnings data on Wednesday, May 14th. The electronics maker reported ($0.11) earnings per share for the quarter, missing analysts' consensus estimates of ($0.08) by ($0.03). The firm had revenue of $0.51 million for the quarter, compared to the consensus estimate of $0.65 million. Neonode had a negative net margin of 252.78% and a negative return on equity of 67.67%. As a group, research analysts expect that Neonode Inc. will post -0.42 EPS for the current fiscal year.
Hedge Funds Weigh In On Neonode
Several hedge funds have recently bought and sold shares of the business. SBI Securities Co. Ltd. bought a new position in shares of Neonode in the fourth quarter worth about $25,000. Squarepoint Ops LLC purchased a new stake in shares of Neonode in the fourth quarter valued at approximately $107,000. Jane Street Group LLC grew its stake in Neonode by 81.5% in the fourth quarter. Jane Street Group LLC now owns 19,962 shares of the electronics maker's stock worth $164,000 after purchasing an additional 8,962 shares in the last quarter. Renaissance Technologies LLC purchased a new position in Neonode during the 4th quarter worth $173,000. Finally, OMERS ADMINISTRATION Corp bought a new stake in Neonode during the 1st quarter valued at $234,000. Institutional investors own 11.63% of the company's stock.
Neonode Company Profile
(
Get Free Report)
Neonode Inc, together with its subsidiaries, develops optical sensing solutions for contactless touch, touch, and gesture sensing in the United States, Japan, South Korea, Germany, Switzerland, France, Sweden, China, and internationally. It also offers software solutions for machine perception to detect and track persons and objects in video streams from cameras and other types of imagers.
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