Neonode (NEON) Crumbles: Stock Falls by 11.1% - Tale of the Tape
) saw a big move last session, as the company's shares fell by over
11% on the day. The move came on pretty good volume too with far
more shares changing hands than in a normal session. This continues
the recent downtrend for NEON, as the stock is now down more than
37% in the past one-month time frame.
This slump shouldn't be too much of a surprise to investors, as the company has seen 1 negative revisions in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.
NEON currently has a Zacks Rank #4 (Sell) while its Earnings ESP is -22.2%.
Some better-ranked stocks in the services sector include Advent Software, Inc. ( ADVS ), Aspen Technology, Inc. ( AZPN ) and Autodesk, Inc. ( ADSK ). All these stocks carry a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
NEONODE INC (NEON): Free Stock Analysis Report
ADVENT SOFTWARE (ADVS): Free Stock Analysis Report
ASPEN TECH INC (AZPN): Free Stock Analysis Report
AUTODESK INC (ADSK): Free Stock Analysis Report
To read this article on Zacks.com click here.