CarlOlof Nydn - Neonode Acting Operations

NEON Stock  USD 7.00  0.47  7.20%   

Executive

CarlOlof Nydn is Acting Operations of Neonode
Address Karlavägen 100, Stockholm, Sweden, 115 26
Phone46 70 29 58 519
Webhttps://www.neonode.com

Neonode Management Efficiency

The company has return on total asset (ROA) of (0.3277) % which means that it has lost $0.3277 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of (0.5391) %, meaning that it created substantial loss on money invested by shareholders. Neonode's management efficiency ratios could be used to measure how well Neonode manages its routine affairs as well as how well it operates its assets and liabilities. As of the 21st of November 2024, Return On Tangible Assets is likely to drop to -0.56. In addition to that, Return On Capital Employed is likely to grow to -0.59. At this time, Neonode's Other Current Assets are very stable compared to the past year. As of the 21st of November 2024, Total Current Assets is likely to grow to about 19.6 M, while Total Assets are likely to drop about 11.8 M.
Neonode currently holds 106 K in liabilities with Debt to Equity (D/E) ratio of 0.02, which may suggest the company is not taking enough advantage from borrowing. Neonode has a current ratio of 8.6, suggesting that it is liquid enough and is able to pay its financial obligations when due. Note, when we think about Neonode's use of debt, we should always consider it together with its cash and equity.

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Neonode Inc., together with its subsidiaries, develops optical sensing solutions for contactless touch, touch, and gesture sensing in the United States, Japan, South Korea, China, and internationally. Neonode Inc. was incorporated in 1997 and is headquartered in Stockholm, Sweden. Neonode is traded on NASDAQ Exchange in the United States. Neonode (NEON) is traded on NASDAQ Exchange in USA. It is located in Karlavägen 100, Stockholm, Sweden, 115 26 and employs 49 people. Neonode is listed under Electronic Equipment, Instruments & Components category by Fama And French industry classification.

Management Performance

Neonode Leadership Team

Elected by the shareholders, the Neonode's board of directors comprises two types of representatives: Neonode inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Neonode. The board's role is to monitor Neonode's management team and ensure that shareholders' interests are well served. Neonode's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Neonode's outside directors are responsible for providing unbiased perspectives on the board's policies.
Urban Forssell, Strategic Advisor
Helena Borjesson, Vice Culture
Thomas Eriksson, Co-Founder, CEO and President Director and CEO of Neonode Technologies AB
Johan Swartz, Vice Sales
Fredrik Nihlen, Treasurer, CFO
Thierry Corman, VP Operations
CarlOlof Nydn, Acting Operations
Anthony Uhrick, VP AMER
David Brunton, Vice Relations
Jonas Waern, VP EMEA

Neonode Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Neonode a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Pair Trading with Neonode

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Neonode position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Neonode will appreciate offsetting losses from the drop in the long position's value.

Moving against Neonode Stock

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The ability to find closely correlated positions to Neonode could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Neonode when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Neonode - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Neonode to buy it.
The correlation of Neonode is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Neonode moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Neonode moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Neonode can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Neonode. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.
To learn how to invest in Neonode Stock, please use our How to Invest in Neonode guide.
You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
Is Electronic Equipment, Instruments & Components space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Neonode. If investors know Neonode will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Neonode listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(0.72)
Revenue Per Share
0.245
Quarterly Revenue Growth
(0)
Return On Assets
(0.33)
Return On Equity
(0.54)
The market value of Neonode is measured differently than its book value, which is the value of Neonode that is recorded on the company's balance sheet. Investors also form their own opinion of Neonode's value that differs from its market value or its book value, called intrinsic value, which is Neonode's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Neonode's market value can be influenced by many factors that don't directly affect Neonode's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Neonode's value and its price as these two are different measures arrived at by different means. Investors typically determine if Neonode is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Neonode's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.