In today’s recent session, 0.8 million shares of the Neonode Inc. (NASDAQ:NEON) have been traded, and its beta is 1.83. Most recently the company’s share price was $5.80, and it changed around $0.89 or 18.13% from the last close, which brings the market valuation of the company to $89.73M. NEON at last check was trading at a discount to its 52-week high of $5.50, offering almost 5.17% off that amount. The share price’s 52-week low was $1.02, which indicates that the recent value has risen by an impressive 82.41% since then. We note from Neonode Inc.’s average daily trading volume that its 10-day average is 1.28 million shares, with the 3-month average coming to 382.41K.
Neonode Inc. stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 2 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 1 recommended NEON as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight. Neonode Inc. is expected to report earnings per share of 0 for the current quarter.
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Neonode Inc. (NASDAQ:NEON) trade information
Instantly NEON has been showing a green trend so far today with a performance of 18.13% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 6.00 on recent trading dayincreased the stock’s daily price by 3.33%. The company’s shares are currently up 153.28% year-to-date, but still up 126.56% over the last five days. On the other hand, Neonode Inc. (NASDAQ:NEON) is 92.69% up in the 30-day period. We can see from the shorts that 0.29 million shares have been sold at a short interest cover period of 0.74 day(s).
Neonode Inc. (NEON) estimates and forecasts
The year-over-year growth rate is expected to be 12.40%, up from the previous year.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -4.91%.
NEON Dividends
Neonode Inc.’s next quarterly earnings report is expected to be released on 2023-Mar-09.
Neonode Inc. (NASDAQ:NEON)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 32.75% of Neonode Inc. shares, and 3.78% of them are in the hands of institutional investors. The stock currently has a share float of 5.62%. Neonode Inc. stock is held by 22.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 0.925% of the shares, which is about 0.14 million shares worth $0.29 million.
BLACKROCK INC., with 0.7932% or 0.12 million shares worth $0.25 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Vanguard Extended Market Index Fund and Fidelity Extended Market Index Fund were the top two Mutual Funds as of Mar 31, 2024. The former held 139.36 shares worth $0.84 million, making up 0.90% of all outstanding shares. On the other hand, Fidelity Extended Market Index Fund held roughly 65.18 shares worth around $0.39 million, which represents about 0.42% of the total shares outstanding.
