News headlines about Neonode (NASDAQ:NEON) have trended somewhat positive recently, Accern reports. Accern rates the sentiment of media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Neonode earned a news impact score of 0.24 on Accern’s scale. Accern also assigned press coverage about the electronics maker an impact score of 47.0957042943542 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s rankings:
NEON has been the subject of a number of recent analyst reports. Zacks Investment Research downgraded Neonode from a “hold” rating to a “sell” rating in a research report on Wednesday, March 14th. Cowen restated a “buy” rating and set a $1.00 price objective on shares of Neonode in a research report on Friday, March 9th.
Shares of NEON opened at $0.44 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.73 and a quick ratio of 2.41. Neonode has a 12-month low of $0.37 and a 12-month high of $1.80.
Neonode (NASDAQ:NEON) last issued its quarterly earnings results on Thursday, March 8th. The electronics maker reported ($0.03) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.02). Neonode had a negative net margin of 45.94% and a negative return on equity of 80.84%. The company had revenue of $3.28 million during the quarter, compared to analyst estimates of $2.45 million. analysts anticipate that Neonode will post -0.02 EPS for the current fiscal year.
In other news, Director Ulf Rosberg purchased 421,396 shares of the business’s stock in a transaction on Wednesday, March 21st. The shares were acquired at an average price of $0.43 per share, for a total transaction of $181,200.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 14.90% of the stock is currently owned by corporate insiders.
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Neonode Inc, together with its subsidiaries, develops and licenses user interfaces and optical interactive touch solutions in the United States, Sweden, Japan, China, Germany, Taiwan, South Korea, Italy, and internationally. The company develops optical touch and gesture solutions for human interaction with devices.
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