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However, NEON’s stock is currently trading 21.2% below its 52-week high of $12.42. Although Korean contactless solution provider Doostek’s recent selection of NEON’s Touch Sensor Modules for contactless kiosk trials at an airport and other strategic partnerships have helped its stock gain 19.4% over the past five days and 107.9% over the past month, the company’s cash burn rate and negative profit margin could make investors wary. In addition, the pandemic’s negative impact on its customers’ businesses and their sales volumes could, in turn, hamper NEON’s business growth.
Here’s what could influence NEON’s performance in the upcoming months:
