NASDAQ:NEONNeonode Stock Price, Forecast & News

Neonode's stock was trading at $2.04 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, NEON shares have increased by 337.7% and is now trading at $8.93.
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1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Neonode in the last year. There are currently 1 hold rating for the stock, resulting in a consensus recommendation of "Hold."
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Neonode is scheduled to release its next quarterly earnings announcement on Wednesday, August 12th 2020.
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Neonode, Inc (NASDAQ:NEON) released its quarterly earnings results on Wednesday, May, 13th. The electronics maker reported ($0.11) earnings per share for the quarter, beating the consensus estimate of ($0.20) by $0.09. The electronics maker had revenue of $1.29 million for the quarter. Neonode had a negative return on equity of 112.42% and a negative net margin of 96.74%.
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Neonode shares reverse split before market open on Monday, October 1st 2018. The 1-10 reverse split was announced on Monday, October 1st 2018. The number of shares owned by shareholders was adjusted after the market closes on Friday, September 28th 2018. An investor that had 100 shares of Neonode stock prior to the reverse split would have 10 shares after the split.

Neonode issued an update on its second quarter 2020 IntraDay earnings guidance on Wednesday, August, 5th. The company provided earnings per share (EPS) guidance of -0.21--0.17 for the period, compared to the Thomson Reuters consensus EPS estimate of $-0.11. The company issued revenue guidance of $650K - 850K, compared to the consensus revenue estimate of $1 million.

1 analysts have issued 1-year target prices for Neonode's shares. Their forecasts range from $1.50 to $1.50. On average, they expect Neonode's share price to reach $1.50 in the next year. This suggests that the stock has a possible downside of 83.2%.
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News articles about NEON stock have trended very positive on Saturday, according to InfoTrie. The research firm scores the sentiment of news coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Neonode earned a news impact score of 4.0 on InfoTrie's scale. They also assigned press coverage about the electronics maker a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the company's share price in the near future.
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Neonode saw a drop in short interest in July. As of July 31st, there was short interest totaling 337,700 shares, a drop of 11.4% from the July 15th total of 381,200 shares. Based on an average daily volume of 270,400 shares, the short-interest ratio is currently 1.2 days. Approximately 6.2% of the company's shares are short sold.
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Some companies that are related to Neonode include Trimble (TRMB), IPG Photonics (IPGP), Jabil (JBL), Mercury Systems (MRCY), Fabrinet (FN), Plexus (PLXS), Sanmina (SANM), TTM Technologies (TTMI), Methode Electronics (MEI), Benchmark Electronics (BHE), CTS (CTS), Park Electrochemical (PKE) and Key Tronic (KTCC).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Neonode investors own include Ford Motor (F), Alibaba Group (BABA), Inovio Pharmaceuticals (INO), Opko Health (OPK), Novavax (NVAX), Himax Technologies (HIMX), FuelCell Energy (FCEL), Plug Power (PLUG), Vuzix (VUZI) and Caladrius Biosciences (CLBS).

Neonode trades on the NASDAQ under the ticker symbol "NEON."

Shares of NEON can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of NEON stock can currently be purchased for approximately $8.93.

Neonode has a market capitalization of $81.89 million and generates $6.65 million in revenue each year. The electronics maker earns $-5,300,000.00 in net income (profit) each year or ($0.60) on an earnings per share basis. Neonode employs 45 workers across the globe.

The official website for Neonode is www.neonode.com.

Neonode's mailing address is STORGATAN 23C, STOCKHOLM V7, 114 55. The electronics maker can be reached via phone at 46-0-866-717-17 or via email at [email protected]