Somewhat Negative Media Coverage Somewhat Unlikely to Affect Neonode (NEON) Stock Price

Headlines about Neonode (NASDAQ:NEON) have trended somewhat negative recently, Accern Sentiment reports. The research group scores the sentiment of news coverage by reviewing more than 20 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 daily sentiment score of -0.08 on Accern’s scale. Accern also assigned press coverage about the electronics maker an impact score of 45.6784547397388 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

These are some of the media headlines that may have effected Accern’s scoring:

Shares of Neonode (NASDAQ:NEON) traded down 1.65% during mid-day trading on Wednesday, reaching $1.19. 65,811 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $1.15 and a 200 day moving average price of $1.32. Neonode has a 12-month low of $0.96 and a 12-month high of $2.19. The firm’s market capitalization is $58.12 million.

Neonode (NASDAQ:NEON) last issued its quarterly earnings results on Wednesday, August 9th. The electronics maker reported ($0.02) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.01). The firm had revenue of $2.33 million for the quarter, compared to the consensus estimate of $3.68 million. Neonode had a negative net margin of 48.19% and a negative return on equity of 123.74%. Analysts anticipate that Neonode will post ($0.05) EPS for the current fiscal year.

A number of analysts have recently weighed in on NEON shares. Craig Hallum lowered shares of Neonode from a “buy” rating to a “hold” rating in a report on Wednesday, August 9th. Zacks Investment Research upgraded shares of Neonode from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 18th. ValuEngine upgraded shares of Neonode from a “strong sell” rating to a “sell” rating in a report on Friday, June 2nd. Finally, Cowen and Company restated an “outperform” rating and issued a $3.00 price objective (down from $4.00) on shares of Neonode in a report on Friday, August 11th.

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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.

Insider Buying and Selling by Quarter for Neonode (NASDAQ:NEON)

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