In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
As of close of business last night, Neonode Inc’s stock clocked out at $1.74, down -2.25% from its previous closing price of $1.78. In other words, the price has decreased by -$2.25 from its previous closing price. On the day, 0.35 million shares were traded. NEON stock price reached its highest trading level at $1.7978 during the session, while it also had its lowest trading level at $1.72.
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 5.43 and its Current Ratio is at 5.43. In the meantime, Its Debt-to-Equity ratio is 0.01 whereas as Long-Term Debt/Eq ratio is at 0.00.
On October 18, 2024, Ladenburg Thalmann started tracking the stock assigning a Buy rating and target price of $16.50.
On November 11, 2020, Craig Hallum started tracking the stock assigning a Buy rating and target price of $12.Craig Hallum initiated its Buy rating on November 11, 2020, with a $12 target price.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, NEON now has a Market Capitalization of 29202284 and an Enterprise Value of 18011284. As of this moment, Neonode’s Price-to-Earnings (P/E) ratio for their current fiscal year is 3.25. For the stock, the TTM Price-to-Sale (P/S) ratio is 13.27 while its Price-to-Book (P/B) ratio in mrq is 1.09. Its current Enterprise Value per Revenue stands at 8.198 whereas that against EBITDA is -1.592.
Stock Price History:
The Beta on a monthly basis for NEON is 0.75, which has changed by -0.7860577 over the last 52 weeks, in comparison to a change of 0.17511821 over the same period for the S&P500. Over the past 52 weeks, NEON has reached a high of $29.90, while it has fallen to a 52-week low of $1.76. The 50-Day Moving Average of the stock is -26.72%, while the 200-Day Moving Average is calculated to be -83.99%.
Shares Statistics:
It appears that NEON traded 348.84K shares on average per day over the past three months and 223310 shares per day over the past ten days. A total of 16.78M shares are outstanding, with a floating share count of 13.06M. Insiders hold about 22.20% of the company’s shares, while institutions hold 23.09% stake in the company. Shares short for NEON as of 1765756800 were 777968 with a Short Ratio of 2.23, compared to 1763078400 on 841075. Therefore, it implies a Short% of Shares Outstanding of 777968 and a Short% of Float of 5.9299998.
