Somewhat Positive News Coverage Somewhat Unlikely to Impact Neonode (NEON) Share Price

Press coverage about Neonode (NASDAQ:NEON) has been trending somewhat positive on Tuesday, Accern Sentiment reports. The research group rates the sentiment of media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Neonode earned a coverage optimism score of 0.07 on Accern’s scale. Accern also assigned media headlines about the electronics maker an impact score of 46.9242157467744 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

Here are some of the media headlines that may have impacted Accern Sentiment Analysis’s analysis:

Neonode (NEON) traded down $0.05 during mid-day trading on Tuesday, reaching $0.97. The company had a trading volume of 146,400 shares, compared to its average volume of 138,588. Neonode has a 12 month low of $0.96 and a 12 month high of $2.19. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.74 and a current ratio of 1.06.

Neonode (NASDAQ:NEON) last issued its 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 for the quarter, compared to analyst estimates of $2.56 million. Neonode had a negative return on equity of 106.37% and a negative net margin of 34.32%. analysts expect that Neonode will post -0.04 earnings per share for the current year.

Several research firms recently issued reports on NEON. Zacks Investment Research upgraded Neonode from a “sell” rating to a “hold” rating in a report on Tuesday, October 17th. ValuEngine cut Neonode from a “hold” rating to a “sell” rating in a report on Monday, October 16th. Cowen and Company reiterated 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. Finally, Craig Hallum cut Neonode from a “buy” rating to a “hold” rating in a report on Wednesday, August 9th.

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About Neonode

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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