How Will the Market React to Neonode, Inc (NEON) Stock Getting a Bearish Rating

Neonode, Inc (NEON) stock has fallen 11.89% over the past week and gets a Bearish rating from InvestorsObserver Sentiment Indicator.

Neonode, Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on NEON!

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What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With NEON Stock Today?

Neonode, Inc (NEON) stock is trading at $9.41 as of 1:28 PM on Monday, Jan 30, a drop of -$0.52, or -5.24% from the previous closing price of $9.93. The stock has traded between $9.05 and $9.90 so far today. Volume today is light. So far 283,846 shares have traded compared to average volume of 596,465 shares.

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.