In today’s recent session, 4.87 million shares of the Tenon Medical Inc (NASDAQ:TNON) have been traded, and its beta is 1.90. Most recently the company’s share price was $0.96, and it changed around -$0.04 or -4.35% from the last close, which brings the market valuation of the company to $3.00M. TNON at last check was trading at a discount to its 52-week high of $15.79, offering almost -1544.79% off that amount. The share price’s 52-week low was $0.95, which indicates that the recent value has risen by an impressive 1.04% since then. We note from Tenon Medical Inc’s average daily trading volume that its 10-day average is 5.1 million shares, with the 3-month average coming to 934.86K.
Tenon Medical Inc stock received a consensus recommendation rating of Overweight, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 1 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 0 recommended TNON as a Hold, whereas 0 deemed it a Buy, and 0 rated it as Underweight. Tenon Medical Inc is expected to report earnings per share of -3.77 for the current quarter.
Tenon Medical Inc (NASDAQ:TNON) trade information
Instantly TNON has been showing red trend so far today with a performance of -4.35% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 1.2300 on recent trading dayincreased the stock’s daily price by 21.95%. The company’s shares are currently down -49.12% year-to-date, but still down -14.60% over the last five days. On the other hand, Tenon Medical Inc (NASDAQ:TNON) is -31.19% down in the 30-day period. We can see from the shorts that 0.17 million shares have been sold at a short interest cover period of 1.99 day(s).
Tenon Medical Inc (TNON) estimates and forecasts
The year-over-year growth rate is expected to be 16.39%, up from the previous year.
Consensus estimates provided by 1 financial analysts predict the company will bring in an average of 901k in revenue for the current quarter. 1 analysts expect Tenon Medical Inc to make 756k in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 808k and 719k respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 11.51%. Forecasts for the next quarter put sales growth at 5.15%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -25.43%.
Tenon Medical Inc (NASDAQ:TNON)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 1.63% of Tenon Medical Inc shares, and 4.19% of them are in the hands of institutional investors. The stock currently has a share float of 4.26%.
Fidelity Extended Market Index Fund and Vanguard Extended Market Index Fund were the top two Mutual Funds as of Dec 31, 2024. The former held 16.86 shares worth $15994.0, making up 0.54% of all outstanding shares. On the other hand, Vanguard Extended Market Index Fund held roughly 2.98 shares worth around $2829.0, which represents about 0.10% of the total shares outstanding.
