Buy, Sell Or Hold Neonode Inc. (NASDAQ:NEON) At $9.84?

In last trading session, Neonode Inc. (NASDAQ:NEON) saw 0.47 million shares changing hands with its beta currently measuring 1.90. Company’s recent per share price level of $9.84 trading at $0.19 or 1.97% at ring of the bell on the day assigns it a market valuation of $152.22M. That closing price of NEON’s stock is at a discount of -52.44% from its 52-week high price of $15.00 and is indicating a premium of 89.63% 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 1.25 million shares which gives us an average trading volume of 721.10K if we extend that period to 3-months.

Neonode Inc. (NASDAQ:NEON) trade information

Upright in the green during last session for gaining 1.97%, in the last five days NEON remained trading in the red while hitting it’s week-highest on Wednesday, 09/25/24 when the stock touched $9.84 price level, adding 25.45% to its value on the day. Neonode Inc.’s shares saw a change of 329.69% in year-to-date performance and have moved -14.06% in past 5-day. Neonode Inc. (NASDAQ:NEON) showed a performance of 40.57% in past 30-days. Number of shares sold short was 0.53 million shares which calculate 0.48 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 4.72 percent of that, with stock having share float percentage of 7.23%. Investors also watch the number of corporate investors in a company very closely, which is 4.72% 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.