Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. Neonode Inc.’s current trading price is -23.67% away from its 52-week high, while its distance from the 52-week low is 1022.55%. The stock’s price range during this period has varied between $1.02 and $15.00. The company, active in the Technology sector, saw a trading volume of around 0.95 million for the day, considerably higher average daily volume of 0.65 million observed over the last three months.
Neonode Inc.’s stock has had a calm market performance. The 1-year high for the company’s stock was $15.00 on 09/18/24, and the lowest price during the same period was recorded at $1.02 on 10/31/23.
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How Financial Performance Impacts Market Capitalization
Neonode Inc. (NEON) has experienced a quarterly rise of 404.41% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 177.13M and boasts a workforce of 53 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 3.63, with a change in price of +9.25. Similarly, Neonode Inc. recorded 460,786 in trading volume during the last 100 days, posting a change of +420.45%.
How NEON’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for NEON stands at 0.00. Similarly, the long-term debt-to-equity ratio is also 0.00.
NEON Stock Stochastic Average
As of today, the raw stochastic average of Neonode Inc. over the past 50 days is 72.23%. This is a increase compared to the raw stochastic average of the last 20 days, which was recorded at 65.50%. Additionally, the Stochastic %K and %D values for the company were 63.75% and 75.41%, respectively, over the past 20 days.
NEON Stock Price Performance Analysis
The stock price’s performance over the year has been unpredictable, resulting in a mix of pessimistic and optimistic outlooks among investors. Year to date metric has recorded a gain of 400.00%.However, over the last six months, we can see a weaker performance of 808.73%. Over the last 30 days, the price of NEON has fallen by 124.95%. And in the last five days, it has surged by 40.66%.
