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In the latest session, Neonode Inc. (NASDAQ: NEON) closed at $8.07 down -11.32% from its previous closing price of $9.10. In other words, the price has decreased by -$11.32 from its previous closing price. On the day, 0.56 million shares were traded. NEON stock price reached its highest trading level at $8.98 during the session, while it also had its lowest trading level at $7.95.
Ratios:
For a deeper understanding of Neonode Inc.’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 7.95 and its Current Ratio is at 8.06. 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 124815456 and an Enterprise Value of 111731200. For the stock, the TTM Price-to-Sale (P/S) ratio is 28.18 while its Price-to-Book (P/B) ratio in mrq is 9.30. Its current Enterprise Value per Revenue stands at 25.199 whereas that against EBITDA is -9.709.
Stock Price History:
Over the past 52 weeks, NEON has reached a high of $15.00, while it has fallen to a 52-week low of $1.02. The 50-Day Moving Average of the stock is 38.71%, while the 200-Day Moving Average is calculated to be 175.67%.
Shares Statistics:
For the past three months, NEON has traded an average of 732.99K shares per day and 1056730 over the past ten days. A total of 15.36M shares are outstanding, with a floating share count of 11.67M. Insiders hold about 24.56% of the company’s shares, while institutions hold 15.03% stake in the company. Shares short for NEON as of 1726185600 were 526980 with a Short Ratio of 0.72, compared to 1723680000 on 211095. Therefore, it implies a Short% of Shares Outstanding of 526980 and a Short% of Float of 4.4699997.
