During the last session, Tenon Medical Inc (NASDAQ:TNON)’s traded shares were 2.07 million, with the beta value of the company hitting 2.19. At the end of the trading day, the stock’s price was $3.26, reflecting an intraday loss of -6.59% or -$0.23. The 52-week high for the TNON share is $37.60, that puts it down -1053.37 from that peak though still a striking 14.11% gain since the share price plummeted to a 52-week low of $2.80. The company’s market capitalization is $1.66M, and the average intraday trading volume over the past 10 days was 1.8 million shares, and the average trade volume was 2.12 million shares over the past three months.
Tenon Medical Inc (NASDAQ:TNON) trade information
Tenon Medical Inc (TNON) registered a -6.59% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -6.59% in intraday trading to $3.26, hitting a weekly high. The stock’s 5-day price performance is -17.05%, and it has moved by -24.71% in 30 days. Based on these gigs, the overall price performance for the year is -70.04%. The short interest in Tenon Medical Inc (NASDAQ:TNON) is 39769.0 shares and it means that shorts have 0.01 day(s) to cover.
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Tenon Medical Inc (TNON) estimates and forecasts
Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 63.80% this quarter and then jump 42.50% in the quarter after that. In the rating firms’ projections, revenue will increase 48.20% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 1.19M as predicted by 2 analyst(s). Meanwhile, a consensus of 2 analyst(s) estimates revenue growth to 1.53M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 944k and 808k respectively. In this case, analysts expect current quarter sales to grow by 26.10% and then jump by 89.40% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -108.61%. While earnings are projected to return 71.85% in 2024.
TNON Dividends
Tenon Medical Inc is due to release its next quarterly earnings in November. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Tenon Medical Inc (NASDAQ:TNON)’s Major holders
Tenon Medical Inc insiders own 9.44% of total outstanding shares while institutional holders control 11.09%, with the float percentage being 12.24%.
