Neonode Inc. found using ticker (NEON) now have 2 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 12 and 8 and has a mean target at 10. Given that the stocks previous close was at 6.95 this now indicates there is a potential upside of 43.9%. The 50 day MA is 7.57 and the 200 day MA is 8.43. The market capitalisation for the company is $82m. Company Website: 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.
