Tenon Medical Inc (NASDAQ:TNON) Reduces -4.72% In A Week: What’s Taking The Stock Higher?

In last trading session, Tenon Medical Inc (NASDAQ:TNON) saw 3.01 million shares changing hands with its beta currently measuring 2.19. Company’s recent per share price level of $3.43 trading at -$0.07 or -2.00% at ring of the bell on the day assigns it a market valuation of $1.96M. That closing price of TNON’s stock is at a discount of -996.21% from its 52-week high price of $37.60 and is indicating a premium of 18.37% from its 52-week low price of $2.80. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.67 million shares which gives us an average trading volume of 1.88 million if we extend that period to 3-months.

Tenon Medical Inc (NASDAQ:TNON) trade information

Upright in the red during last session for losing -2.00%, in the last five days TNON remained trading in the red while hitting it’s week-highest on Friday, 10/11/24 when the stock touched $3.43 price level, adding 12.5% to its value on the day. Tenon Medical Inc’s shares saw a change of -72.86% in year-to-date performance and have moved -4.72% in past 5-day. Tenon Medical Inc (NASDAQ:TNON) showed a performance of -34.67% in past 30-days. Number of shares sold short was 56211.0 shares which calculate 0.01 days to cover the short interests.

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Tenon Medical Inc (TNON) estimates and forecasts

This year revenue growth is estimated to rise 48.20% from the last financial year’s standing.

2 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 1.19M for the same. And 2 analysts are in estimates of company making revenue of 1.53M in the next quarter. Company posted 944k and 808k of sales in current and next quarters respectively a year earlier.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -24.04% during past 5 years.

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

Insiders are in possession of 9.15% of company’s total shares while institution are holding 11.09 percent of that, with stock having share float percentage of 12.20%. Investors also watch the number of corporate investors in a company very closely, which is 11.09% institutions for Tenon Medical Inc that are currently holding shares of the company.