Neonode Stock Z Score
| NEON Stock | USD 1.65 0.05 2.94% |
Neonode | Z Score |
Neonode Company Z Score Analysis
Neonode's Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..
| |||||||
| |||||||
| |||||||
| |||||||
|
Neonode Z Score Driver Correlations
Understanding the fundamental principles of building solid financial models for Neonode is extremely important. It helps to project a fair market value of Neonode Stock properly, considering its historical fundamentals such as Z Score. Since Neonode's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Neonode's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Neonode's interrelated accounts and indicators.
Click cells to compare fundamentals
To calculate a Z-Score, one would need to know a company's current working capital, its total assets and liabilities, and the amount of its latest earnings as well as earnings before interest and tax. Z-Scores can be used to compare the odds of bankruptcy of companies in a similar line of business or firms operating in the same industry. Companies with Z-Scores above 3.1 are generally considered to be stable and healthy with a low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a so-called 'grey area,' with scores of less than 1 indicating the highest probability of distress. Z Score is a used widely measure by financial auditors, accountants, money managers, loan processors, wealth advisers, and day traders. In the last 25 years, many financial models that utilize z-scores proved it to be successful as a predictor of corporate bankruptcy.
| Competition |
Based on the company's disclosures, Neonode has a Z Score of 0.0. This is 100.0% lower than that of the Electronic Equipment, Instruments & Components sector and 100.0% lower than that of the Information Technology industry. The z score for all United States stocks is 100.0% higher than that of the company.
Neonode Institutional Holders
Institutional Holdings refers to the ownership stake in Neonode that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Neonode's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Neonode's value.| Shares | Jpmorgan Chase & Co | 2023-12-31 | 2.3 K | Group One Trading, Lp | 2023-12-31 | 1.4 K | Morgan Stanley - Brokerage Accounts | 2023-12-31 | 1.2 K | Cutler Group Lp | 2023-12-31 | 958 | Royal Bank Of Canada | 2023-12-31 | 341 | Wells Fargo & Co | 2023-12-31 | 89.0 | Investors Finance Co Plc | 2023-09-30 | 0.0 | Citadel Advisors Llc | 2023-09-30 | 0.0 | Marshall Wace Asset Management Ltd | 2023-09-30 | 0.0 | Vanguard Group Inc | 2023-12-31 | 142.1 K | Blackrock Inc | 2023-12-31 | 120.9 K |
Neonode Fundamentals
| Return On Equity | -0.55 | ||||
| Return On Asset | -0.33 | ||||
| Profit Margin | (2.28) % | ||||
| Operating Margin | (6.13) % | ||||
| Current Valuation | 10.06 M | ||||
| Shares Outstanding | 15.36 M | ||||
| Shares Owned By Insiders | 32.98 % | ||||
| Shares Owned By Institutions | 3.42 % | ||||
| Number Of Shares Shorted | 142.76 K | ||||
| Price To Earning | (12.69) X | ||||
| Price To Book | 1.32 X | ||||
| Price To Sales | 5.08 X | ||||
| Revenue | 4.45 M | ||||
| Gross Profit | 4.87 M | ||||
| EBITDA | (10.59 M) | ||||
| Net Income | (10.12 M) | ||||
| Cash And Equivalents | 12.43 M | ||||
| Cash Per Share | 0.92 X | ||||
| Total Debt | 106 K | ||||
| Debt To Equity | 0.02 % | ||||
| Current Ratio | 8.78 X | ||||
| Book Value Per Share | 1.12 X | ||||
| Cash Flow From Operations | (6.31 M) | ||||
| Short Ratio | 4.50 X | ||||
| Earnings Per Share | (0.66) X | ||||
| Price To Earnings To Growth | (0.96) X | ||||
| Target Price | 3.0 | ||||
| Number Of Employees | 49 | ||||
| Beta | 2.04 | ||||
| Market Capitalization | 26.11 M | ||||
| Total Asset | 19.01 M | ||||
| Retained Earnings | (217.61 M) | ||||
| Working Capital | 16.79 M | ||||
| Current Asset | 5.33 M | ||||
| Current Liabilities | 3.81 M | ||||
| Net Asset | 19.01 M |
About Neonode Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Neonode's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Neonode using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Neonode based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Neonode in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Neonode's short interest history, or implied volatility extrapolated from Neonode options trading.
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectCheck out Neonode Piotroski F Score and Neonode Valuation analysis. To learn how to invest in Neonode Stock, please use our How to Invest in Neonode guide.You can also try the AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.
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.
| Latest Portfolios Quick portfolio dashboard that showcases your latest portfolios | |
| Investing Opportunities Build portfolios using our predefined set of ideas and optimize them against your investing preferences | |
| Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios | |
| Companies Directory Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals | |
| Risk-Return Analysis View associations between returns expected from investment and the risk you assume | |
| Global Markets Map Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes | |
| Instant Ratings Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| ETF Categories List of ETF categories grouped based on various criteria, such as the investment strategy or type of investments |
Is Neonode's industry 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 (0.66) | Revenue Per Share 0.29 | Quarterly Revenue Growth (0.47) | Return On Assets (0.33) | Return On Equity (0.55) |
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.