During the last session, Neonode Inc (NASDAQ:NEON)’s traded shares were 0.39 million, with the beta value of the company hitting 1.98. At the end of the trading day, the stock’s price was $8.16, reflecting an intraday gain of 16.57% or $1.16. The 52-week high for the NEON share is $15.00, that puts it down -83.82 from that peak though still a striking 86.52% gain since the share price plummeted to a 52-week low of $1.10. The company’s market capitalization is $136.95M, and the average intraday trading volume over the past 10 days was 0.18 million shares, and the average trade volume was 529.34K shares over the past three months.
Neonode Inc (NASDAQ:NEON) trade information
Neonode Inc (NEON) registered a 16.57% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 16.57% in intraday trading to $8.16, hitting a weekly high. The stock’s 5-day price performance is 33.12%, and it has moved by 3.82% in 30 days. Based on these gigs, the overall price performance for the year is 615.79%. The short interest in Neonode Inc (NASDAQ:NEON) is 0.74 million shares and it means that shorts have 3.09 day(s) to cover.
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Neonode Inc (NEON) estimates and forecasts
Statistics show that Neonode Inc has outperformed its competitors in share price, compared to the industry in which it operates. Neonode Inc (NEON) shares have gone up 234.43% during the last six months, with a year-to-date growth rate more than the industry average at 36.36% against 17.20. In the rating firms’ projections, revenue will decrease -4.77% compared to the previous financial year.
Meanwhile, a consensus of 1 analyst(s) estimates revenue growth to 906k by the end of current fiscal year.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -4.91%. While earnings are projected to return 36.36% in 2024, the next five years will return 20.00% per annum.
NEON Dividends
Neonode Inc is due to release its next quarterly earnings in December. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Neonode Inc (NASDAQ:NEON)’s Major holders
Neonode Inc insiders own 32.01% of total outstanding shares while institutional holders control 5.01%, with the float percentage being 7.36%. VANGUARD GROUP INC is the largest shareholder of the company, while 26.0 institutions own stock in it. As of 2024-06-30, the company held over 0.14 million shares (or 0.925% of all shares), a total value of $0.29 million in shares.
The next largest institutional holding, with 0.12 million shares, is of BLACKROCK INC.’s that is approximately 0.7932% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $0.25 million.
Also, the Mutual Funds coming in first place with the largest holdings of Neonode Inc (NEON) shares are Vanguard Extended Market Index Fund and Fidelity Extended Market Index Fund . Data provided on Jun 30, 2024 indicates that Vanguard Extended Market Index Fund owns about 139.36 shares. This amounts to just over 0.83 percent of the company’s overall shares, with a $1.14 million market value. The same data shows that the other fund manager holds slightly less at 67.57, or about 0.40% of the stock, which is worth about $0.55 million.
