In the last trading session, 5.41 million shares of the Tenon Medical Inc (NASDAQ:TNON) were traded, and its beta was 1.92. Most recently the company’s share price was $7.71, and it changed around $0.16 or 2.12% from the last close, which brings the market valuation of the company to $3.93M. TNON currently trades at a discount to its 52-week high of $37.60, offering almost -387.68% off that amount. The share price’s 52-week low was $2.80, which indicates that the current value has risen by an impressive 63.68% since then. We note from Tenon Medical Inc’s average daily trading volume that its 10-day average is 6.85 million shares, with the 3-month average coming to 1.00 million.
Tenon Medical Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 2 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 0 recommended TNON as a Hold, whereas 2 deemed it a Buy, and 0 rated it as Underweight. Tenon Medical Inc is expected to report earnings per share of -6.8 for the current quarter.
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Tenon Medical Inc (NASDAQ:TNON) trade information
Instantly TNON has showed a green trend with a performance of 2.12% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 15.79 on recent trading dayincreased the stock’s daily price by 51.17%. The company’s shares are currently down -39.00% year-to-date, but still up 140.19% over the last five days. On the other hand, Tenon Medical Inc (NASDAQ:TNON) is 113.22% up in the 30-day period. We can see from the shorts that 6142.0 shares have been sold at a short interest cover period of 1.16 day(s).
Tenon Medical Inc (TNON) estimates and forecasts
Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 41.80% in revenue this quarter, and will report a decrease of -12.50% in the next quarter. The year-over-year growth rate is expected to be 48.20%, up from the previous year.
Consensus estimates provided by 2 financial analysts predict the company will bring in an average of 1.19M in revenue for the current quarter. 2 analysts expect Tenon Medical Inc to make 1.53M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 944k and 808k respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 26.10%. Forecasts for the next quarter put sales growth at 89.40%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -24.04%.
TNON Dividends
Tenon Medical Inc’s next quarterly earnings report is expected to be released in October.
Tenon Medical Inc (NASDAQ:TNON)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 13.59% of Tenon Medical Inc shares, and 228.23% of them are in the hands of institutional investors. The stock currently has a share float of 264.12%.
