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Neonode (NEON) Looks Good: Stock Adds 6.3% in Session

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Neonode Inc. (NEON - Free Report) was a big mover last session, as the company saw its shares rise over 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, trading in a volatile price range of $1.58 to $1.91 in the past one-month time frame, showed a pick-up yesterday at $1.69.

None of the estimates for this stock were revised over the past 30 days. The Zacks Consensus Estimate also remained unchanged over the same time frame. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Neonode currently carries a Zacks Rank #3 (Hold), while its Earnings ESP is 0.00%.

A better-ranked stock in the same industry is Exa Corporation , sporting a Zacks Rank #1 (Strong Buy).You can see the complete list of today’s Zacks #1 Rank stocks here.

Is NEON going up? Or down? Predict to see what others think: Up or Down

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