LADENBURG THALM/SH SH initiated coverage on shares of Neonode (NASDAQ:NEON – Free Report) in a research report report published on Friday, MarketBeat.com reports. The brokerage issued a buy rating and a $16.50 target price on the electronics maker’s stock.
Neonode Trading Up 17.7 %
Shares of NASDAQ:NEON opened at $9.18 on Friday. Neonode has a 52 week low of $1.02 and a 52 week high of $15.00. The company’s 50 day moving average is $7.40 and its two-hundred day moving average is $4.07. The company has a market cap of $142.01 million, a PE ratio of -12.75 and a beta of 1.89.
Neonode (NASDAQ:NEON – Get Free Report) last announced its quarterly earnings data on Thursday, August 8th. The electronics maker reported ($0.11) EPS for the quarter. Neonode had a negative net margin of 247.41% and a negative return on equity of 64.05%. The firm had revenue of $1.42 million during the quarter.
About Neonode
Neonode Inc, together with its subsidiaries, develops optical sensing solutions for contactless touch, touch, and gesture sensing in the United States, Japan, South Korea, Germany, Switzerland, France, Sweden, China, and internationally. It also offers software solutions for machine perception to detect and track persons and objects in video streams from cameras and other types of imagers.
Further Reading
- Five stocks we like better than Neonode
- 3 Tickers Leading a Meme Stock Revival
- Misses and Beats: 3 Stocks That Are Moving Markets Right Now
- Dividend Capture Strategy: What You Need to Know
- Cisco on the Rise: AI Potential and Analyst Upgrades Drive Gains
- What is the Hang Seng index?
- MarketBeat Week in Review – 10/14 – 10/18
Receive News & Ratings for Neonode Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Neonode and related companies with MarketBeat.com's FREE daily email newsletter.
