Neonode Inc (NASDAQ:NEON): Negative Stock Sentiment

June 20, 2018 - By Adrian Mccoy

Neonode Inc. (NASDAQ:NEON) Logo

Sentiment for Neonode Inc (NASDAQ:NEON)

Neonode Inc (NASDAQ:NEON) institutional sentiment decreased to 0.33 in Q1 2018. Its down -0.55, from 0.88 in 2017Q4. The ratio has worsened, as 3 investment managers increased or opened new equity positions, while 9 trimmed and sold equity positions in Neonode Inc. The investment managers in our partner’s database now hold: 6.02 million shares, down from 7.91 million shares in 2017Q4. Also, the number of investment managers holding Neonode Inc in their top 10 equity positions was flat from 0 to 0 for the same number . Sold All: 6 Reduced: 3 Increased: 0 New Position: 3.

Neonode Inc., together with its subsidiaries, develops and licenses user interfaces and optical interactive touch solutions in the United States, Sweden, Japan, China, Germany, Taiwan, South Korea, Italy, and internationally. The company has market cap of $20.63 million. The firm develops optical touch and gesture solutions for human interaction with devices. It currently has negative earnings. It licenses its multi-touch technology to original equipment manufacturers and Tier 1 suppliers, who incorporate it into devices they develop, manufacture, and sell, including automotive, as well as in consumer electronics, such as printers and office equipment, e-readers, and tablets.

The stock decreased 3.59% or $0.0131 during the last trading session, reaching $0.3521. About 94,836 shares traded. Neonode Inc. (NASDAQ:NEON) has declined 69.37% since June 20, 2017 and is downtrending. It has underperformed by 81.94% the S&P500.

Analysts await Neonode Inc. (NASDAQ:NEON) to report earnings on August, 8. They expect $-0.01 earnings per share, up 50.00 % or $0.01 from last year’s $-0.02 per share. After $-0.01 actual earnings per share reported by Neonode Inc. for the previous quarter, Wall Street now forecasts 0.00 % EPS growth.

Awm Investment Company Inc. holds 0.25% of its portfolio in Neonode Inc. for 3.08 million shares. Bank Of New York Mellon Corp owns 45,021 shares or 0% of their US portfolio. Moreover, Barclays Plc has 0% invested in the company for 2 shares. The New York-based Blackrock Inc. has invested 0% in the stock. California Public Employees Retirement System, a California-based fund reported 81,900 shares.

Neonode Inc. (NASDAQ:NEON) Institutional Positions Chart

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