Is Neonode Inc. (NASDAQ: NEON) A Disaster Waiting To Happen Or Is It A Chance To Make Money?

In the last trading session, 5.92 million Neonode Inc. (NASDAQ:NEON) shares changed hands as the company’s beta touched 1.79. With the company’s per share price at $3.36 changed hands at $0.8 or 31.25% during last session, the market valuation stood at $51.98M. NEON’s last price was a discount, traded about -6.85% off its 52-week high of $3.59. The share price had its 52-week low at $1.02, which suggests the last value was 69.64% up since then. When we look at Neonode Inc.’s average trading volume, we note the 10-day average is 0.62 million shares, with the 3-month average coming to 183.08K.

Neonode Inc. (NASDAQ:NEON) trade information

Instantly NEON was in green as seen at the end of in last trading. With action 30.23%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 46.72%, with the 5-day performance at 30.23% in the green. However, in the 30-day time frame, Neonode Inc. (NASDAQ:NEON) is 17.07% up. Looking at the short shares, we see there were 0.29 million shares sold at short interest cover period of 0.74 days.

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Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -4.91%.

NEON Dividends

Neonode Inc. is expected to release its next quarterly earnings report in September.

Neonode Inc. (NASDAQ:NEON)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 32.75% of Neonode Inc. shares while 3.78% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 5.62%. There are 3.78% institutions holding the Neonode Inc. stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-03-31, the company held 0.9249% of the shares, roughly 0.14 million NEON shares worth $0.2 million.

BLACKROCK INC. holds the second largest percentage of outstanding shares, with 0.7829% or 0.12 million shares worth $0.17 million as of 2024-03-31.