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Neonode, Inc (NEON) stock has fallen 12.20% over the past week and gets a Bearish rating from InvestorsObserver Sentiment Indicator.
What is Stock Sentiment?
Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.
Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish.
InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion.
For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.
What’s Happening With NEON Stock Today?
Neonode, Inc (NEON) stock is lower by -5.26% while the S&P 500 is up 1.06% as of 1:21 PM on Monday, Oct 30. NEON has fallen -$0.06 from the previous closing price of $1.14 on volume of 42,652 shares. Over the past year the S&P 500 is higher by 7.46% while NEON has fallen -70.41%. NEON lost -$0.33 per share in the over the last 12 months.
To see InvestorsObserver’s Sentiment Score for Neonode, Inc click here.
More About Neonode, Inc
Neonode Inc develops advanced optical sensing solutions for contactless touch, touch, gesture sensing, and in-cabin monitoring. Its trademarks include zForce, MultiSensing, AirBar and others. Its business areas are HMI Solutions which offers bespoke touch and gesture sensing solutions based on infrared-based zForce technology, HMI Products business which manufactures and sells standardized touch sensor modules that can be used to create contactless touch interfaces to elevator control panels, keypads, displays, and other human-machine interfaces, and Remote Sensing Solutions. The group derives revenue from the United States and other countries, of which key revenue is derived from the United States.
Click Here to get the full Stock Report for Neonode, Inc stock.