Zacks: Brokerages Set $1.00 Price Target for Neonode, Inc (NEON)
Neonode, Inc (NASDAQ:NEON) has been assigned a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. Neonode’s rating score has improved by 50% from 90 days ago as a result of a number of analysts’ ratings changes.
Brokers have set a one year consensus price target of $1.00 for the company, according to Zacks. Zacks has also assigned Neonode an industry rank of 52 out of 255 based on the ratings given to related companies.
A number of brokerages have recently issued reports on NEON. Zacks Investment Research upgraded shares of Neonode from a “sell” rating to a “hold” rating in a research note on Tuesday, July 17th. ValuEngine upgraded shares of Neonode from a “hold” rating to a “buy” rating in a research note on Tuesday, June 12th.
Neonode (NASDAQ:NEON) last issued its earnings results on Thursday, August 9th. The electronics maker reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.01). The company had revenue of $1.88 million during the quarter. Neonode had a negative net margin of 45.68% and a negative return on equity of 53.96%.
Neonode Company Profile
Neonode Inc, together with its subsidiaries, develops and licenses user interface and optical interactive touch solutions under zForce brand name in the United States, Sweden, Japan, China, Germany, Taiwan, South Korea, Canada, Singapore, and internationally. It develops optical touch and gesture solutions for human interaction with devices, including automotive systems, printers, medical devices, PC devices, monitors, mobile phones, tablets, and e-readers.
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