Neonode Inc (NASDAQ: NEON) stock suffered a major decline of -10.2% on 11/8/24. The shares closed at $6.57. However, this decline was accompanied by exceptionally low trading volume at 49% of normal. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -9.8% during the last week.
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). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Neonode has a very low Appreciation Score of 4 but a very high Power Rating of 100, with the Neutral Value Trend Rating the result.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
Be the first to comment