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

Thursday, May 26, 2022 01:42 PM | InvestorsObserver Analysts
How Will the Market React to Neonode, Inc (NEON) Stock Getting a Bullish Rating

Neonode, Inc (NEON) stock has risen 58.39% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

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

What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With NEON Stock Today?

Neonode, Inc (NEON) stock is trading at $7.27 as of 1:36 PM on Thursday, May 26, a gain of $0.80, or 12.36% from the previous closing price of $6.47. The stock has traded between $6.42 and $7.31 so far today. Volume today is more active than usual. So far 110,370 shares have traded compared to average volume of 46,378 shares. To screen for more stocks like 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.

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