Neonode Inc. (NASDAQ:NEON) currently has a daily average trading volume of 470.47K but it saw 2027838 shares traded in last market. With a market cap of 108.29M USD, the company’s current market price of $7.00 came rising about 23.67 while comparing to the previous closing price of $5.66. In past 52 weeks, the stock remained buoying in the range of price level as high as $7.00 and as low as $1.02. In the recent trading on the day, stock has struck highest price mark of $5.68 while lowest mark touched by it was $7.25.
Taking a look at 20-day trading activity of Neonode Inc. (NEON) gives us an average price of $3.55, while its current price level is 0.00% below from 52-week high level whereas it is 586.27% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $2.92 while that of 200 days or SMA-200 reads an average of $2.09. A closer look into the stock’s movement over the week reveals that its volatility is standing at 22.69% during that period while stretching the period over a month that decreases to 14.80%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 83.56 which implies that the stock is in overbought territory.
The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Craig Hallum which initiated the stock as “Buy” in its note to investors issued on November 11, 2020, recommending a price target of $12 for it. Berenberg downgraded its recommendation for the stock as a “Hold” from “Buy” on January 28, 2020 while assigning a price target of $1.50. Ascendiant Capital Markets issued its recommendations for the stock as it reiterated the price target for the stock in the range of between $7 and $6.
Over the week, NEON’s stock price is moving 37.52% up while it is 146.48% when we observe its performance for the past one month. Year-to-date it is 205.68% up and over the past year, the stock is showing an upside performance of 274.33%.
Currently, Neonode Inc.’s total number of outstanding shares is 15.36M. Company’s return on investment (ROI) stands at -82.35% and return on equity (ROE) at -58.35%. Stock’s beta reads 1.83. Stock has a price to book (P/B) ratio of 8.07 while price to sale or P/S ratio amounts to 24.44. Its return on asset (ROA) is -52.88% on average.
