Neonode (NEON) Getting Somewhat Critical Media Coverage, Analysis Shows
Media headlines about Neonode (NASDAQ:NEON) have been trending somewhat negative this week, according to Accern. The research group identifies positive and negative news coverage by monitoring more than twenty million news and blog sources. 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 media sentiment score of -0.01 on Accern’s scale. Accern also assigned press coverage about the electronics maker an impact score of 46.8917209075832 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
NEON has been the subject of a number of analyst reports. Craig Hallum cut shares of Neonode from a “buy” rating to a “hold” rating in a report on Wednesday, August 9th. Zacks Investment Research cut shares of Neonode from a “hold” rating to a “sell” rating in a report on Wednesday, August 16th. ValuEngine cut shares of Neonode from a “hold” rating to a “sell” rating in a report on Monday, October 16th. Finally, Cowen and Company restated an “outperform” rating and set a $3.00 price objective (down previously from $4.00) on shares of Neonode in a report on Friday, August 11th.
Neonode (NASDAQ NEON) opened at $0.89 on Monday. Neonode has a 1-year low of $0.79 and a 1-year high of $2.19. The company has a current ratio of 3.12, a quick ratio of 2.59 and a debt-to-equity ratio of 0.18.
Neonode (NASDAQ:NEON) last released its quarterly earnings results on Thursday, November 9th. The electronics maker reported ($0.02) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.01). The company had revenue of $2.31 million during the quarter, compared to analyst estimates of $2.56 million. Neonode had a negative net margin of 34.32% and a negative return on equity of 69.28%. equities research analysts expect that Neonode will post -0.05 EPS for the current fiscal year.
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Neonode Company Profile
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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