Neonode Inc., together with its subsidiaries, develops optical sensing solutions for contactless touch, touch, and gesture sensing in the United States, Japan, South Korea, China, and internationally. It also offers software solutions for scene analysis using advanced machine learning algorithms to detect and track persons and objects in video streams for cameras and other types of imagers. In addition, the company licenses its technology to original equipment manufacturers (OEMs) and Tier 1 suppliers. Further, it provides embedded sensors modules to OEMs, original design manufacturers, and systems integrators; and engineering consulting services. Additionally, the company sells Neonode branded sensor products, such as AirBar products through distributors. It serves office equipment, automotive, industrial automation, medical, military, and avionics markets. Neonode Inc. was incorporated in 1997 and is headquartered in Stockholm, Sweden.
Analysts Set New Price Targets
Separately, StockNews.com started coverage on Neonode in a report on Wednesday. They issued a "sell" rating for the company.
Neonode Stock Down 6.9 %
NEON opened at $4.42 on Friday. Neonode has a 1-year low of $3.70 and a 1-year high of $12.42. The stock's fifty day simple moving average is $5.41 and its 200 day simple moving average is $5.24. The company has a current ratio of 7.78, a quick ratio of 6.44 and a debt-to-equity ratio of 0.01. The stock has a market cap of $60.01 million, a PE ratio of -8.84 and a beta of 2.22.
Neonode (NASDAQ:NEON - Get Rating) last posted its quarterly earnings results on Wednesday, May 11th. The electronics maker reported ($0.10) earnings per share for the quarter. Neonode had a negative net margin of 114.08% and a negative return on equity of 46.65%. The business had revenue of $1.32 million during the quarter.