Neonode Sees Unusually High Options Volume (NASDAQ:NEON)

Neonode Inc. (NASDAQ:NEON) was the recipient of some unusual options trading activity on Wednesday. Investors bought 3,559 call options on the stock. This represents an increase of 662% compared to the typical daily volume of 467 call options.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on shares of Neonode in a research report on Friday, June 14th. They set a “sell” rating for the company.

Neonode Trading Up 6.1 %

Shares of NASDAQ NEON traded up $0.73 during trading hours on Wednesday, hitting $12.65. 2,654,081 shares of the company traded hands, compared to its average volume of 258,007. The company’s 50 day moving average price is $4.24 and its 200 day moving average price is $2.76. Neonode has a 12 month low of $1.02 and a 12 month high of $15.00. The stock has a market capitalization of $194.29 million, a price-to-earnings ratio of -20.70 and a beta of 1.88.

Neonode (NASDAQ:NEON) last released its quarterly earnings results on Thursday, August 8th. The electronics maker reported ($0.11) EPS for the quarter. The firm had revenue of $1.42 million for the quarter. Neonode had a negative return on equity of 64.05% and a negative net margin of 247.41%.

About Neonode

Neonode Inc, together with its subsidiaries, develops optical sensing solutions for contactless touch, touch, and gesture sensing in the United States, Japan, South Korea, Germany, Switzerland, France, Sweden, China, and internationally. It also offers software solutions for machine perception to detect and track persons and objects in video streams from cameras and other types of imagers.