Neonode Inc. (NASDAQ:NEON): Buy, Sell Or Hold At $6.70?

NOVA

In last trading session, Neonode Inc. (NASDAQ:NEON) saw 0.36 million shares changing hands with its beta currently measuring 1.90. Company’s recent per share price level of $6.70 trading at -$0.29 or -4.15% at ring of the bell on the day assigns it a market valuation of $103.65M. That closing price of NEON’s stock is at a discount of -10.15% from its 52-week high price of $7.38 and is indicating a premium of 84.78% from its 52-week low price of $1.02. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.17 million shares which gives us an average trading volume of 527.57K if we extend that period to 3-months.

Neonode Inc. (NASDAQ:NEON) trade information

Upright in the red during last session for losing -4.15%, in the last five days NEON remained trading in the red while hitting it’s week-highest on Friday, 09/06/24 when the stock touched $6.70 price level, adding 11.14% to its value on the day. Neonode Inc.’s shares saw a change of 192.58% in year-to-date performance and have moved -4.01% in past 5-day. Neonode Inc. (NASDAQ:NEON) showed a performance of 162.75% in past 30-days. Number of shares sold short was 0.21 million shares which calculate 0.58 days to cover the short interests.

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Neonode Inc. (NEON) estimates and forecasts

This year revenue growth is estimated to rise 12.40% from the last financial year’s standing.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -4.91% during past 5 years.

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

Insiders are in possession of 34.73% of company’s total shares while institution are holding 3.78 percent of that, with stock having share float percentage of 5.79%. Investors also watch the number of corporate investors in a company very closely, which is 3.78% institutions for Neonode Inc. that are currently holding shares of the company. VANGUARD GROUP INC is the top institutional holder at NEON for having 0.14 million shares of worth $0.29 million. And as of 2024-06-30, it was holding 0.925 of the company’s outstanding shares.

The second largest institutional holder is BLACKROCK INC., which was holding about 0.12 million shares on 2024-06-30. The number of shares represents firm’s hold over 0.7932 of outstanding shares, having a total worth of $0.25 million.