Neonode (NEON) Receiving Somewhat Positive Press Coverage, Study Finds
Media headlines about Neonode (NASDAQ:NEON) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies positive and negative news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Neonode earned a coverage optimism score of 0.11 on Accern’s scale. Accern also assigned news articles about the electronics maker an impact score of 45.9185286838308 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Neonode (NEON) remained flat at $1.19 during midday trading on Wednesday. 91,079 shares of the stock traded hands. The firm’s 50-day moving average is $1.22 and its 200 day moving average is $1.24. The stock’s market cap is $58.12 million. Neonode has a 1-year low of $0.98 and a 1-year high of $2.19.
Neonode (NASDAQ:NEON) last posted its earnings results on Wednesday, August 9th. The electronics maker reported ($0.02) earnings per share (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%. Analysts forecast that Neonode will post ($0.05) earnings per share for the current fiscal year.
A number of equities research analysts have commented on NEON shares. Craig Hallum lowered Neonode from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. Zacks Investment Research upgraded Neonode from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 18th. Cowen and Company reiterated an “outperform” rating and issued a $3.00 price target (down previously from $4.00) on shares of Neonode in a research report on Friday, August 11th. Finally, ValuEngine lowered Neonode from a “hold” rating to a “sell” rating in a research report on Monday, October 16th.
COPYRIGHT VIOLATION WARNING: This report was first reported by Watch List News and is the sole property of of Watch List News. If you are reading this report on another publication, it was illegally copied and reposted in violation of United States and international copyright laws. The original version of this report can be viewed at https://www.watchlistnews.com/neonode-neon-receiving-somewhat-positive-press-coverage-study-finds/1654913.html.
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.
Receive News & Ratings for Neonode Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Neonode Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.