Neonode Inc. (NASDAQ: NEON): Hunting Genuine Value In Market Debris

Currently, there are 15.36M common shares owned by the public and among those 11.64M shares have been available to trade.

The company’s stock has a 5-day price change of 132.42% and 143.85% over the past three months. NEON shares are trading 159.83% year to date (YTD), with the 12-month market performance up to 221.62% higher. It has a 12-month low price of $1.02 and touched a high of $5.50 over the same period. NEON has an average intraday trading volume of 382.41K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 94.03%, 122.20%, and 195.08% respectively.

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Institutional ownership of Neonode Inc. (NASDAQ: NEON) shares accounts for 14.93% of the company’s 15.36M shares outstanding.

It has a market capitalization of $92.05M and a beta (3y monthly) value of 1.83. The earnings-per-share (ttm) stands at -$0.71. Price movements for the stock have been influenced by the stock’s volatility, which stands at 30.15% over the week and 13.55% over the month.

EPS should grow at an annualized rate of 20.00% over the next five years, compared to -4.91% over the past 5-year period.

Looking at the support for the NEON, a number of firms have released research notes about the stock. Craig Hallum stated their Buy rating for the stock in a research note on November 11, 2020, with the firm’s price target at $12. Berenberg coverage for the Neonode Inc. (NEON) stock in a research note released on January 28, 2020 offered a Hold rating with a price target of $1.50. Ascendiant Capital Markets was of a view on August 07, 2015 that the stock is Buy, while Ascendiant Capital Markets gave the stock Buy rating on August 07, 2014, issuing a price target of $11.25- $7. Cantor Fitzgerald on their part issued Buy rating on June 08, 2012.

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