Neonode Inc. (NASDAQ:NEON – Get Rating)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $6.71 and traded as high as $7.36. Neonode shares last traded at $7.13, with a volume of 29,204 shares changing hands.
Analysts Set New Price Targets
Separately, StockNews.com initiated coverage on shares of Neonode in a research note on Thursday, March 16th. They set a “sell” rating on the stock.
Neonode Stock Performance
The firm’s 50 day simple moving average is $7.14 and its 200-day simple moving average is $6.71. The company has a market capitalization of $110.80 million, a price-to-earnings ratio of -18.76 and a beta of 2.07.
Hedge Funds Weigh In On Neonode
Neonode Company Profile
Neonode Inc, together with its subsidiaries, develops optical sensing solutions for contactless touch, touch, and gesture sensing in the United States, Japan, South Korea, China, and internationally. It also offers software solutions for scene analysis using advanced machine learning algorithms to detect and track persons and objects in video streams for cameras and other types of imagers.
- Get a free copy of the StockNews.com research report on Neonode (NEON)
- An Updraft Is Brewing For DraftKings
- PepsiCo Hits “Sweet Spot” For APAC Growth, Macros Agree
- High-Risk Mullen Automotive Continues To Build Momentum
- 3 Recession-Proof Stocks With Nice Dividends
- Oracle Stock Climbs For Third Month, Still In Buy Range
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.