Neonode Inc. (NASDAQ: NEON) Is One Stock You Should Watch

Neonode Inc. (NASDAQ:NEON)’s traded shares stood at 0.42 million during the latest session, with the company’s beta value hitting 1.90. At the last check today, the stock’s price was $7.81, to imply an increase of 8.02% or $0.58 in intraday trading. The NEON share’s 52-week high remains $7.54, putting it 3.46% up since that peak but still an impressive 86.94% since price per share fell to its 52-week low of $1.02. The company has a valuation of $120.82M, with an average of 0.52 million shares in intraday trading volume over the past 10 days and average of 529.57K shares over the past 3 months.

Neonode Inc. (NASDAQ:NEON) trade information

After registering a 8.02% upside in the latest session, Neonode Inc. (NEON) has traded red over the past five days. The 5-day price performance for the stock is 11.73%, and 202.71% over 30 days. With these gigs, the year-to-date price performance is 241.05%. Short interest in Neonode Inc. (NASDAQ:NEON) saw shorts transact 0.21 million shares and set a 0.58 days time to cover.

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Neonode Inc. (NEON) estimates and forecasts

The rating firms project that company’s revenue will grow 12.40% compared to the previous financial year.

NEON Dividends

Neonode Inc. has its next earnings report out on 2023-Mar-09. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.

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

Neonode Inc. insiders hold 34.73% of total outstanding shares, with institutional holders owning 3.78% of the shares at 5.79% float percentage. In total, 3.78% institutions holds shares in the company, led by VANGUARD GROUP INC. As of 2024-06-30, the company held over 0.14 million shares (or 0.925% of shares), all amounting to roughly $0.29 million.

The next major institution holding the largest number of shares is BLACKROCK INC. with 0.12 million shares, or about 0.7932% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $0.25 million.