Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Neonode (NEON) Share Price
News articles about Neonode (NASDAQ:NEON) have trended somewhat positive on Sunday, according to Accern Sentiment Analysis. The research firm identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Neonode earned a news impact score of 0.03 on Accern’s scale. Accern also gave press coverage about the electronics maker an impact score of 47.1001636179413 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the headlines that may have effected Accern’s scoring:
- Neonode Inc. (NEON) noted a price change of -5.98% and Wireless Telecom Group, Inc. (WTT) closes with a move of … – Stocks Gallery (stocksgallery.com)
- Needle Tilting Mid-Session For Neonode Inc (NEON) – Stock Press Daily (stockpressdaily.com)
- Is Neonode Inc. (NASDAQ:NEON) Ready to Rumble? – FLBC News (flbcnews.com)
- Neonode Inc. (NEON) Downgraded by Zacks Investment Research (americanbankingnews.com)
- Bargain Hunters Should Take a Look at Neonode Inc. (NASDAQ … – FLBC News (flbcnews.com)
Shares of Neonode (NASDAQ:NEON) traded up 5.45% during trading on Friday, hitting $1.16. 41,697 shares of the stock were exchanged. The stock’s market cap is $67.97 million. Neonode has a 12-month low of $0.96 and a 12-month high of $2.19. The stock’s 50 day moving average is $1.11 and its 200-day moving average is $1.38.
Neonode (NASDAQ:NEON) last posted its earnings results on Wednesday, August 9th. The electronics maker reported ($0.02) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by $0.01. The business had revenue of $2.33 million during the quarter, compared to the consensus estimate of $3.68 million. Neonode had a negative return on equity of 123.74% and a negative net margin of 48.19%. Equities research analysts anticipate that Neonode will post ($0.03) EPS for the current year.
A number of brokerages have recently commented on NEON. Cowen and Company reissued an “outperform” rating and issued a $3.00 target price (down previously from $4.00) on shares of Neonode in a research note on Friday, August 11th. Zacks Investment Research downgraded shares of Neonode from a “hold” rating to a “sell” rating in a research note on Wednesday. Craig Hallum downgraded shares of Neonode from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th. Finally, ValuEngine raised shares of Neonode from a “strong sell” rating to a “sell” rating in a research note on Friday, June 2nd.
Neonode Inc, formerly SBE, Inc, develops and licenses user interfaces and optical infrared touch solutions. The Company’s technology offers multiple features, including the ability to sense an object’s size, depth, velocity, pressure and proximity to any type of surface. It operates through the touch technology licensing business segment.
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