Deeper Dive: Understanding Neonode Inc. (NEON) Through its Various Ratios

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The price of Neonode Inc. (NASDAQ: NEON) closed at $2.00 in the last session, down -5.66% from day before closing price of $2.12. In other words, the price has decreased by -$5.66 from its previous closing price. On the day, 47419.0 shares were traded. NEON stock price reached its highest trading level at $2.29 during the session, while it also had its lowest trading level at $1.935.

Ratios:

We take a closer look at NEON’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 8.65 and its Current Ratio is at 8.91. In the meantime, Its Debt-to-Equity ratio is 0.00 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:

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 30719000 and an Enterprise Value of 16519962. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.30 while its Price-to-Book (P/B) ratio in mrq is 2.04. Its current Enterprise Value per Revenue stands at 3.924 whereas that against EBITDA is -1.459.

Stock Price History:

Over the past 52 weeks, NEON has reached a high of $8.25, while it has fallen to a 52-week low of $1.02. The 50-Day Moving Average of the stock is -9.32%, while the 200-Day Moving Average is calculated to be 15.19%.

Shares Statistics:

According to the various share statistics, NEON traded on average about 72.95K shares per day over the past 3-months and 106860 shares per day over the past 10 days. A total of 15.36M shares are outstanding, with a floating share count of 11.56M. Insiders hold about 24.73% of the company’s shares, while institutions hold 11.49% stake in the company. Shares short for NEON as of 1715731200 were 189768 with a Short Ratio of 2.10, compared to 1713139200 on 130183. Therefore, it implies a Short% of Shares Outstanding of 189768 and a Short% of Float of 1.6199999999999999.

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