Tenon Medical Inc (NASDAQ:TNON)’s traded shares stood at 37.06 million during the last session, with the company’s beta value hitting 2.18. At the close of trading, the stock’s price was $4.40, to imply an increase of 43.79% or $1.34 in intraday trading. The TNON share’s 52-week high remains $37.60, putting it -754.55% down since that peak but still an impressive 36.36% since price per share fell to its 52-week low of $2.80. The company has a valuation of $2.24M, with an average of 3.82 million shares in intraday trading volume over the past 10 days and average of 20.64K shares over the past 3 months.
Tenon Medical Inc (NASDAQ:TNON) trade information
After registering a 43.79% upside in the last session, Tenon Medical Inc (TNON) has traded red over the past five days. The 5-day price performance for the stock is -8.88%, and -5.98% over 30 days. With these gigs, the year-to-date price performance is -65.19%. Short interest in Tenon Medical Inc (NASDAQ:TNON) saw shorts transact 5760.0 shares and set a 1.06 days time to cover.
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Tenon Medical Inc (TNON) estimates and forecasts
Revenue is forecast to grow 41.80% this quarter before falling -12.50% for the next one. The rating firms project that company’s revenue will grow 48.20% compared to the previous financial year.
Revenue forecast for the current quarter as set by 2 analysts is 1.19M. Meanwhile, for the current quarter, a total of 2 analyst(s) estimate revenue growth to 1.53M.Earnings reports from the last fiscal year show that sales brought in 944k and 808k respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 26.10% before jumping 89.40% in the following quarter.
TNON Dividends
Tenon Medical Inc has its next earnings report out in October. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Tenon Medical Inc (NASDAQ:TNON)’s Major holders
Tenon Medical Inc insiders hold 13.59% of total outstanding shares, with institutional holders owning 228.23% of the shares at 264.12% float percentage. In total, 228.23% institutions holds shares in the company.
