There is no doubt that Neonode Inc. (NEON) ticks all the boxes.

Neonode Inc. (NASDAQ: NEON) stock fell -16.10% on Monday to $10.68 against a previous-day closing price of $12.73. With 0.95 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.35 million shares. During the session, the Electronic Components company that operates in wider Technology sector, reached to the highest price of $12.90 whereas the lowest price it dropped to was $10.11. The 52-week range on NEON shows that it touched its highest point at $14.75 and its lowest point at $3.30 during that stretch. It currently has a 1-year price target of $8.50. Beta for the stock currently stands at 2.15.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of NEON was up-trending over the past week, with a rise of 8.43%, but this was up by 99.63% over a month. Three-month performance surged to 174.55% while six-month performance rose 114.46%. The stock gained 62.56% in the past year, while it has gained 94.18% so far this year. A look at the trailing 12-month EPS for NEON yields -0.39 with Next year EPS estimates of -0.10. EPS is expected to grow by 20.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 14.10%.

Float and Shares Shorts:

At present, 13.58 million NEON shares are outstanding with a float of 8.39 million shares on hand for trading. On Oct 13, 2022, short shares totaled 0.22 million, which was 1.63% higher than short shares on Sep 14, 2022. In addition to Mr. Urban Forssell as the firm’s CEO & Pres, Mr. Fredrik Nihlen serves as its CFO, Treasurer & Sec.


Institutional Ownership:

Through their ownership of 3.54% of NEON’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 40.40% of NEON, in contrast to 12.13% held by mutual funds. Shares owned by individuals account for 1.38%. As the largest shareholder in NEON with 10.06% of the stake, Avanza Fonder AB holds 1,365,052 shares worth 1,365,052. A second-largest stockholder of NEON, AWM Investment Co., Inc., holds 153,200 shares, controlling over 1.13% of the firm’s shares. The Vanguard Group, Inc. is the third largest shareholder in NEON, holding 82,940 shares or 0.61% stake. With a 0.64% stake in NEON, the Vanguard Extended Market Index Fu is the largest stakeholder. A total of 86,223 shares are owned by the mutual fund manager. The Fidelity Extended Market Index Fu, which owns about 0.29% of NEON stock, is the second-largest Mutual Fund holder. It holds 39,012 shares valued at 0.21 million. Fidelity Series Total Market Inde holds 0.07% of the stake in NEON, owning 10,083 shares worth 55457.0.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for NEON since 1 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With NEON analysts setting a high price target of $8.50 and a low target of $8.50, the average target price over the next 12 months is $8.50. Based on these targets, NEON could drop -20.41% to reach the target high and fall by -20.41% to reach the target low. Reaching the average price target will result in a decline of -20.41% from current levels.


EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. NEON will report FY 2021 earnings on 03/07/2024. Analysts have provided yearly estimates in a range of -$0.58 being high and -$0.58 being low. For NEON, this leads to a yearly average estimate of -$0.58. Based on analyst estimates, the high estimate for the next quarter is -$0.15 and the low estimate is -$0.15. The average estimate for the next quarter is thus -$0.15.

Summary of Insider Activity:

Insiders traded NEON stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 1 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 4,000 while 0 shares were sold.

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