On 8/28/24, Neonode Inc (NASDAQ: NEON) stock enjoyed a major increase of 23.7%, closing at $7.00. Moreover, trading volume in this advance was exceptionally high at 333% of normal. The stock has risen 108.3% during the last week and has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to fall short of the cost of capital, NEON is expected to continue to be a modest Value Eraser.
Neonode has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Neonode has a very low Appreciation Score of 4 but a very high Power Rating of 92, triggering the Neutral Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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