Neonode Stock Target Price and Analyst Consensus

NEON Stock  USD 2.39  0.19  8.64%   
The current analyst and expert consensus on Neonode is Strong Sell, with no strong buy opinions. The current projected Neonode target price consensus is 23.50 with 0 analyst opinions. The most common way Neonode analysts use to provide recommendation to the public is financial statements analysis. Many experts also interview Neonode executives and customers to further validate their buy or sell advice. Please note, the number of analysts providing the opinion is not sufficient to provide adequate consensus on Neonode. We encourage you to use your own analysis of Neonode to validate this buy or sell advice. Neonode buy-or-sell recommendation module provides average expert sentiment on the projected Neonode target price to derive its highest and lowest estimates based on its projected price volatility. Check out Macroaxis Advice on Neonode to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon.
To learn how to invest in Neonode Stock, please use our How to Invest in Neonode guide.
Lowest Forecast
21.39
Highest Forecast
26.09
Target Price
23.5
As of the 1st of May 2024, Gross Profit is likely to grow to about (240.3 K). In addition to that, Pretax Profit Margin is likely to drop to -2.36. At this time, Neonode's Common Stock Shares Outstanding is very stable compared to the past year. As of the 1st of May 2024, Other Stockholder Equity is likely to grow to about 246.9 M, while Total Assets are likely to drop about 11.8 M.
  
It's important to approach Neonode's target price projections with caution. While they can be useful as part of a broader investment strategy, they are inherently speculative and subject to various kinds of risk, including market volatility and unforeseen external factors. Always consider multiple aspects and do your own research when making investment decisions.
Analysts determine stock price targets through various methods, including financial modeling, peer comparison, and company analysis. The stock price target is the analyst's best estimate of the future price of a stock and is used by investors to make investment decisions. However, it is important to note that stock price targets are not guaranteed, and the actual price of a stock can differ significantly from the target due to various factors such as market conditions, economic events, and company developments.

Steps to utilize Neonode price targets

Neonode's stock target price is an estimate of its future price, usually made by analysts. Using Neonode's target price to determine if it is a suitable investment can be done through the following steps:
  • Look at Neonode's target prices provided by various analysts and compare them. This can help you gain a more balanced view of the Stock's potential.
  • Look at the analyst's track record to determine if they have a history of accurately predicting stock prices.
  • Look at the Company's financials, including revenue, earnings, and debt, to determine if it is in good financial health.
  • Consider market conditions. For example, take into account the state of the economy, competition, and regulatory environment, to determine if Neonode's stock is likely to perform well.
  • Diversify your portfolio and do not rely solely on stock target prices to make investment decisions. Invest in a mix of stocks, bonds, and other assets to manage risk.
Remember that stock target prices are just estimates and are subject to change. Therefore, using them as one factor in a larger investment strategy is essential rather than relying solely on them to make decisions.

Additional Neonode Value Projection Modules

Most investment researchers agree that the mispricing and readjustment of any Stock value happens often and is sometimes even predictable, but there is no strong theory explaining why it happens. The current price of Neonode is a key component of Neonode valuation and have some predictive power on the future returns of a Neonode.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Neonode's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
0.122.437.91
Details
Intrinsic
Valuation
LowRealHigh
2.037.5112.99
Details
Naive
Forecast
LowNextHigh
0.052.608.07
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Neonode. Your research has to be compared to or analyzed against Neonode's peers to derive any actionable benefits. When done correctly, Neonode's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Neonode.

Trending Themes

If you are a self-driven investor, you will appreciate our idea-generating investing themes. Our themes help you align your investments inspirations with your core values and are essential building blocks of your portfolios. A typical investing theme is an unweighted collection of up to 20 funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of equities with common characteristics such as industry and growth potential, volatility, or market segment.
Power Assets Idea
Power Assets
Invested over 200 shares
Momentum Idea
Momentum
Invested few shares
Cash Cows Idea
Cash Cows
Invested few shares
When determining whether Neonode offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Neonode's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Neonode Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Neonode Stock:
Check out Macroaxis Advice on Neonode to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon.
To learn how to invest in Neonode Stock, please use our How to Invest in Neonode guide.
You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.

Complementary Tools for Neonode Stock analysis

When running Neonode's price analysis, check to measure Neonode's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Neonode is operating at the current time. Most of Neonode's value examination focuses on studying past and present price action to predict the probability of Neonode's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Neonode's price. Additionally, you may evaluate how the addition of Neonode to your portfolios can decrease your overall portfolio volatility.
Equity Analysis
Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities
Earnings Calls
Check upcoming earnings announcements updated hourly across public exchanges
Money Flow Index
Determine momentum by analyzing Money Flow Index and other technical indicators
Alpha Finder
Use alpha and beta coefficients to find investment opportunities after accounting for the risk
Positions Ratings
Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance
Insider Screener
Find insiders across different sectors to evaluate their impact on performance
Crypto Correlations
Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins
Portfolio File Import
Quickly import all of your third-party portfolios from your local drive in csv format
Equity Valuation
Check real value of public entities based on technical and fundamental data
ETFs
Find actively traded Exchange Traded Funds (ETF) from around the world
Equity Search
Search for actively traded equities including funds and ETFs from over 30 global markets
Pair Correlation
Compare performance and examine fundamental relationship between any two equity instruments
The data published in Neonode's official financial statements usually reflect Neonode's business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of Neonode. For example, before you start analyzing numbers published by Neonode accountants, it's critical to develop an understanding of what Neonode's liquidity, profitability, and earnings quality are in the context of the Electronic Equipment, Instruments & Components space in which it operates.
Please note, the presentation of Neonode's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Neonode's management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in Neonode's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Neonode. Please utilize our Beneish M Score to check the likelihood of Neonode's management manipulating its earnings.