What shareholders can do to beat the market with Neonode Inc. (NEON) stock

As of close of business last night, Neonode Inc.’s stock clocked out at $10.68, down -16.10% from its previous closing price of $12.73. In other words, the price has decreased by -$2.05 from its previous closing price. On the day, 948333 shares were traded. NEON stock price reached its highest trading level at $12.90 during the session, while it also had its lowest trading level at $10.11.

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Ratios:

To gain a deeper understanding of NEON’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 7.20 and its Current Ratio is at 9.60. In the meantime, Its Debt-to-Equity ratio is 0.01 whereas as Long-Term Debt/Eq ratio is at 0.00.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Craig Hallum on November 11, 2020, initiated with a Buy rating and assigned the stock a target price of $12.

On January 28, 2020, Berenberg Downgraded its rating to Hold which previously was Buy but kept the price unchanged to $1.50.

Ascendiant Capital Markets reiterated its Buy rating for the stock on August 07, 2015, while the target price for the stock was revised from $7 to $6.

Valuation Measures:

For the stock, the TTM Price-to-Sale (P/S) ratio is 24.40 while its Price-to-Book (P/B) ratio in mrq is 7.12.

Stock Price History:

Over the past 52 weeks, NEON has reached a high of $14.75, while it has fallen to a 52-week low of $3.30. The 50-Day Moving Average of the stock is 5.82, while the 200-Day Moving Average is calculated to be 5.00.

Shares Statistics:

It appears that NEON traded 353.97K shares on average per day over the past three months and 1.49M shares per day over the past ten days. A total of 13.58M shares are outstanding, with a floating share count of 8.39M. Insiders hold about 38.10% of the company’s shares, while institutions hold 3.50% stake in the company. Shares short for NEON as of Oct 13, 2022 were 221.45k with a Short Ratio of 0.23M, compared to 212.81k on Sep 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 1.63% and a Short% of Float of 2.26%.

Earnings Estimates

As of right now, 0 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $0 for the current quarter, with a high estimate of $0 and a low estimate of $0, while EPS last year was -$0.14. The consensus estimate for the next quarter is $0, with high estimates of $0 and low estimates of $0.

Analysts are recommending an EPS of between $0 and $0 for the fiscal current year, implying an average EPS of $0. EPS for the following year is -$0.2, with 1 analysts recommending between -$0.2 and -$0.2.

Revenue Estimates

In the current quarter, 1 analysts expect revenue to total $1.32M. It ranges from a high estimate of $2M to a low estimate of $2M. As of the current estimate, Neonode Inc.’s year-ago sales were $1.67M, an estimated decrease of -20.80% from the year-ago figure.

A total of 1 analysts have provided revenue estimates for NEON’s current fiscal year. The highest revenue estimate was $6M, while the lowest revenue estimate was $6M, resulting in an average revenue estimate of $6M. In the same quarter a year ago, actual revenue was $5.84M, up 2.80% from the average estimate. Based on 1 analysts’ estimates, the company’s revenue will be $11M in the next fiscal year. The high estimate is $11M and the low estimate is $11M. The average revenue growth estimate for next year is up 83.30% from the average revenue estimate for this year.