Tenon Medical Inc (TNON)’s -0.69% Fall Drives It Into Interest-Losing Territory For Investors

Tenon Medical Inc (NASDAQ:TNON) has a beta value of 2.09 and has seen 0.72 million shares traded in the recent trading session. The TNON stock price is -879.17% off its 52-week high price of $4.70 and 27.08% above the 52-week low of $0.35. If we look at the company’s 10-day average daily trading volume, we find that it stood at 33770.0 shares traded. The 3-month trading volume is 37.30K shares.

Tenon Medical Inc (NASDAQ:TNON) trade information

Sporting -0.69% in the red today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the TNON stock price touched $0.48 or saw a rise of 9.42%. Year-to-date, Tenon Medical Inc shares have moved -69.78%, while the 5-day performance has seen it change -13.01%. Over the past 30 days, the shares of Tenon Medical Inc (NASDAQ:TNON) have changed -11.87%. Short interest in the company has seen 46084.0 shares shorted with days to cover at 1.06.

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Tenon Medical Inc (TNON) estimates and forecasts

The company’s shares have lost -61.80% over the past 6 months. Revenue growth from the last financial year stood is estimated to be 48.20%.

2 analysts offering their estimates for the company have set an average revenue estimate of 1.19M for the current quarter. 2 have an estimated revenue figure of 1.53M for the next ending quarter. Year-ago sales stood 944k and 808k respectively for this quarter and the next, and analysts expect sales will grow by 26.10% for the current quarter and 48.20% for the next.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -108.61% over the past 5 years.

TNON Dividends

Tenon Medical Inc is expected to release its next earnings report on 2024-Nov-12 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

Tenon Medical Inc (NASDAQ:TNON)’s Major holders

Insiders own 10.49% of the company shares, while shares held by institutions stand at 27.40% with a share float percentage of 30.61%. Investors are also buoyed by the number of investors in a company, with Tenon Medical Inc having a total of 13.0 institutions that hold shares in the company.

Also the top two Mutual Funds that are holding company’s shares are Vanguard Extended Market Index Fund and Fidelity Extended Market Index Fund. As of Mar 31, 2024, the former fund manager holds about 0.60% shares in the company for having 23.85 shares of worth $11447.0 while later fund manager owns 21.43 shares of worth $10282.0 as of Jun 30, 2024, which makes it owner of about 0.54% of company’s outstanding stock.