Neonode Reports Quarter Ended September 30, 2024 Financial Results
NEON Stock | USD 8.20 0.35 4.46% |
About 72 percent of all Neonode's investors are curious in acquiring. The analysis of overall sentiment of trading Neonode stock suggests that quite a few investors are confidant at this time. Neonode's investing sentiment overview a quick insight into current market opportunities from investing in Neonode. Many technical investors use Neonode stock news signals to limit their universe of possible portfolio assets and to time the market correctly.
Neonode |
Neonode Inc. today reported financial results for the three and nine months ended September 30, 2024. The financial results relate to continuing operations, which means Neonodes licensing business as the products business has been reclassified to discontinued operations, following the decision in Q4 2023 to focus solely on the Companys licensing business.
Read at finance.yahoo.com
Neonode Investor Sentiment by Other News Outlets
Investor sentiment, mood or attitude towards Neonode can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
Neonode Fundamental Analysis
We analyze Neonode's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Neonode using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Neonode based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Price To Earnings To Growth
Price To Earnings To Growth Comparative Analysis
Neonode is currently under evaluation in price to earnings to growth category among its peers. PEG Ratio indicates the potential value of an equity instrument and is calculated by dividing Price to Earnings (P/E) ratio into earnings growth rate. Most analysts and investors prefer this measure to a Price to Earnings (P/E) ratio because it incorporates the future growth of a firm. The low PEG ratio usually implies that an equity instrument is undervalued; whereas PEG of 1 may indicate that an equity is reasonably priced under given expectations of future growth.
Neonode Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Neonode stock to make a market-neutral strategy. Peer analysis of Neonode could also be used in its relative valuation, which is a method of valuing Neonode by comparing valuation metrics with similar companies.
Peers
Neonode Related Equities
KULR | KULR Technology | 61.11 | ||||
KOPN | Kopin | 7.27 | ||||
SGMA | SigmaTron International | 2.94 | ||||
DAKT | Daktronics | 2.53 | ||||
LINK | Interlink Electronics | 2.49 | ||||
OLED | Universal Display | 2.08 | ||||
MEI | Methode Electronics | 1.77 | ||||
OSIS | OSI Systems | 1.66 | ||||
PLXS | Plexus Corp | 1.28 | ||||
CTS | CTS | 1.07 | ||||
BELFA | Bel Fuse | 0.79 | ||||
LPTH | LightPath Technologies | 0.61 | ||||
HOLO | MicroCloud Hologram | 0.49 |
Check out Neonode Hype Analysis, Neonode Correlation and Neonode Performance. To learn how to invest in Neonode Stock, please use our How to Invest in Neonode guide.You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
Is Electronic Equipment, Instruments & Components space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Neonode. If investors know Neonode will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Neonode listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.72) | Revenue Per Share 0.245 | Quarterly Revenue Growth (0) | Return On Assets (0.33) | Return On Equity (0.54) |
The market value of Neonode is measured differently than its book value, which is the value of Neonode that is recorded on the company's balance sheet. Investors also form their own opinion of Neonode's value that differs from its market value or its book value, called intrinsic value, which is Neonode's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Neonode's market value can be influenced by many factors that don't directly affect Neonode's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Neonode's value and its price as these two are different measures arrived at by different means. Investors typically determine if Neonode is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Neonode's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.