Headlines about Neonode (NASDAQ:NEON) have trended somewhat negative this week, according to Accern Sentiment Analysis. The research group rates the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Neonode earned a news impact score of -0.05 on Accern’s scale. Accern also gave media stories about the electronics maker an impact score of 45.6471142775308 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the news articles that may have impacted Accern’s analysis:
NEON has been the topic of several research reports. Zacks Investment Research raised Neonode from a “sell” rating to a “hold” rating in a research report on Tuesday, October 17th. ValuEngine raised Neonode from a “sell” rating to a “hold” rating in a research report on Thursday, September 28th.
Neonode (NASDAQ NEON) traded down $0.04 during mid-day trading on Thursday, hitting $0.76. 186,400 shares of the stock traded hands, compared to its average volume of 575,729. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.59 and a current ratio of 3.12. Neonode has a twelve month low of $0.72 and a twelve month high of $1.86. The stock has a market cap of $44.82, a price-to-earnings ratio of -10.86 and a beta of 1.19.
Neonode (NASDAQ:NEON) last posted its earnings results on Thursday, November 9th. The electronics maker reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.01). Neonode had a negative return on equity of 69.28% and a negative net margin of 34.32%. The firm had revenue of $2.31 million for the quarter, compared to analysts’ expectations of $2.56 million. research analysts expect that Neonode will post -0.08 EPS for the current year.
In related news, Director Ulf Rosberg purchased 100,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 6th. The shares were purchased at an average cost of $0.90 per share, with a total value of $90,000.00. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 14.90% of the company’s stock.
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Neonode Company Profile
Neonode Inc, formerly SBE, Inc, develops and licenses user interfaces and optical infrared touch solutions. The Company’s technology offers multiple features, including the ability to sense an object’s size, depth, velocity, pressure and proximity to any type of surface. It operates through the touch technology licensing business segment.
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