Shares of Neonode Inc (NASDAQ:NEON) have been assigned a consensus broker rating score of 2.00 (Buy) from the two analysts that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation and one has given a strong buy recommendation to the company.
Analysts have set a 12-month consensus price objective of $1.00 for the company and are forecasting that the company will post ($0.01) EPS for the current quarter, according to Zacks. Zacks has also assigned Neonode an industry rank of 85 out of 265 based on the ratings given to its competitors.
NEON has been the subject of a number of research reports. Cowen reissued a “buy” rating and set a $1.00 target price on shares of Neonode in a research note on Friday, March 9th. Zacks Investment Research raised shares of Neonode from a “sell” rating to a “hold” rating in a research note on Tuesday, February 13th.
Shares of NEON remained flat at $$0.44 during trading hours on Tuesday. 53,474 shares of the stock were exchanged, compared to its average volume of 243,665. The stock has a market capitalization of $25.49, a price-to-earnings ratio of -4.83 and a beta of 1.07. The company has a quick ratio of 2.41, a current ratio of 2.73 and a debt-to-equity ratio of 0.21. Neonode has a 12-month low of $0.37 and a 12-month high of $1.80.
Neonode (NASDAQ:NEON) last posted its earnings results on Thursday, March 8th. The electronics maker reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.02). The business had revenue of $3.28 million for the quarter, compared to analyst estimates of $2.45 million. Neonode had a negative net margin of 45.94% and a negative return on equity of 80.84%. equities research analysts forecast that Neonode will post -0.02 EPS for the current fiscal year.
In other news, Director Ulf Rosberg acquired 421,396 shares of Neonode stock in a transaction dated Wednesday, March 21st. The shares were acquired at an average cost of $0.43 per share, for a total transaction of $181,200.28. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 14.90% of the stock is 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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