A new trading day began on Friday, with Neonode Inc (NASDAQ: NEON) stock price down -5.76% from the previous day of trading, before settling in for the closing price of $3.82. NEON’s price has ranged from $3.78 to $29.90 over the past 52 weeks.
Over the past five-year period, the growth rate of yearbook sales for the company of the Technology sector was 7.42%. Meanwhile, its annual earnings per share averaged -10.81%. With a float of $12.98 million, this company’s outstanding shares have now reached $16.78 million.
Neonode Inc (NEON) Insider Activity
As we move forward, let’s examine how large-scale investors are investing in this stock of the Electronic Components Industry. The insider ownership of Neonode Inc is 22.63%, while institutional ownership is 15.29%.
Neonode Inc (NEON) Earnings and Forecasts
In its latest quarterly report, released on 9/30/2024, the company reported earnings of -0.07 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.09 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -10.81% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 2.78% during the next five years compared to 7.42% growth over the previous five years of trading.
Neonode Inc (NASDAQ: NEON) Trading Performance Indicators
Here are Neonode Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 6.50. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 23.24.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.38, a number that is poised to hit -0.09 in the next quarter and is forecasted to reach -0.38 in one year’s time.
Technical Analysis of Neonode Inc (NEON)
Compared to the last year’s volume of 0.96 million, its volume of 1.12 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 9.14%.
During the past 100 days, Neonode Inc’s (NEON) raw stochastic average was set at 0.00%, which indicates a significant increase from 0.00% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 0.31 in the past 14 days, which was lower than the 1.53 volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $17.19, while its 200-day Moving Average is $12.78. Nevertheless, the first resistance level for the watch stands at $3.76 in the near term. At $3.92, the stock is likely to face the second major resistance level. The third major resistance level sits at $4.00. If the price goes on to break the first support level at $3.52, it is likely to go to the next support level at $3.44. Should the price break the second support level, the third support level stands at $3.28.
Neonode Inc (NASDAQ: NEON) Key Stats
With a market capitalization of 60.42 million, the company has a total of 16,783K Shares Outstanding. Currently, annual sales are 3,110 K while annual income is -6,470 K. The company’s previous quarter sales were 600 K while its latest quarter income was -1,870 K.
