Neonode Inc. (NASDAQ:NEON - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $9.72 and traded as high as $22.63. Neonode shares last traded at $22.18, with a volume of 300,987 shares trading hands.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen lowered 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 market cap of $383.09 million, a P/E ratio of -32.15 and a beta of 0.43. The company has a 50 day moving average of $12.78 and a 200-day moving average of $9.94.
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 (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.03). The business 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 217.85% and a negative return on equity of 38.24%. Research analysts anticipate that Neonode Inc. will post -0.42 EPS for the current year.
Institutional Investors Weigh In On Neonode
Hedge funds have recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. bought a new stake in Neonode during the fourth quarter worth about $25,000. Squarepoint Ops LLC bought a new stake in Neonode during the fourth quarter worth about $107,000. Jane Street Group LLC lifted its stake in Neonode by 81.5% during 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 during the last quarter. Renaissance Technologies LLC bought a new stake in Neonode during the fourth quarter worth about $173,000. Finally, OMERS ADMINISTRATION Corp bought a new stake in Neonode during the first quarter worth about $234,000. Institutional investors own 11.63% of the company's stock.
Neonode Company Profile
(
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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.
Further Reading
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