Neonode Inc. found using ticker (NEON) now have 2 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The target price ranges between 12 and 8 with the average target price sitting at 10. Given that the stocks previous close was at 6.95 this is indicating there is a potential upside of 43.9%. The day 50 moving average is 7.57 and the 200 moving average now moves to 8.43. The company has a market cap of $82m. Visit the company website at: http://www.neonode.com
The potential market cap would be $118m based on the market concensus.
Neonode Inc., together with its subsidiaries, develops and licenses user interface and optical interactive touch solutions under the zForce brand in the United States, Japan, China, Germany, and internationally. It develops optical touch and gesture solutions for human interaction with devices. The company licenses its touch technology to original equipment manufacturers and Tier 1 suppliers. It also provides engineering consulting services. The company sells Neonode branded sensor products, such as AirBar products through distributors and directly to consumers. Neonode Inc. was incorporated in 1997 and is headquartered in Stockholm, Sweden.
