News coverage about Neonode (NASDAQ:NEON) has been trending somewhat negative recently, according to Accern Sentiment Analysis. Accern rates the sentiment of news coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Neonode earned a news sentiment score of -0.05 on Accern’s scale. Accern also assigned headlines about the electronics maker an impact score of 46.8181555109086 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
A number of research firms have weighed in on NEON. ValuEngine cut Neonode from a “hold” rating to a “sell” rating in a research note on Monday, October 16th. Cowen Inc restated an “outperform” rating and issued a $3.00 price target (down from $4.00) on shares of Neonode in a research note on Friday, August 11th. Zacks Investment Research cut Neonode from a “hold” rating to a “sell” rating in a research note on Wednesday, August 16th. Finally, Craig Hallum cut Neonode from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th.
Neonode (NASDAQ:NEON) traded up $0.03 during trading on Friday, reaching $0.90. The company’s stock had a trading volume of 43,892 shares, compared to its average volume of 88,833. Neonode has a one year low of $0.79 and a one year high of $2.19. 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 (NASDAQ:NEON) last posted its quarterly earnings results on Thursday, November 9th. The electronics maker reported ($0.02) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.01). Neonode had a negative net margin of 34.32% and a negative return on equity of 69.28%. The business had revenue of $2.31 million during the quarter, compared to analyst estimates of $2.56 million. analysts anticipate that Neonode will post -0.05 earnings per share for the current fiscal year.
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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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