During the last session, Tenon Medical Inc (NASDAQ:TNON)’s traded shares were 41.22 million, with the beta value of the company hitting 1.19. At the end of the trading day, the stock’s price was $2.80, reflecting an intraday gain of 15.70% or $0.38. The 52-week high for the TNON share is $15.79, that puts it down -463.93 from that peak though still a striking 67.5% gain since the share price plummeted to a 52-week low of $0.91. The company’s market capitalization is $8.78M, and the average intraday trading volume over the past 10 days was 37.1 million shares, and the average trade volume was 6.40 million shares over the past three months.
Tenon Medical Inc (NASDAQ:TNON) trade information
Tenon Medical Inc (TNON) registered a 15.70% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 15.70% in intraday trading to $2.80, hitting a weekly high. The stock’s 5-day price performance is 152.25%, and it has moved by 97.18% in 30 days. Based on these gigs, the overall price performance for the year is -64.47%. The short interest in Tenon Medical Inc (NASDAQ:TNON) is 0.52 million shares and it means that shorts have 0.2 day(s) to cover.
Tenon Medical Inc (TNON) estimates and forecasts
In the rating firms’ projections, revenue will increase 53.13% 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 756k as predicted by 1 analyst(s). Meanwhile, a consensus of 1 analyst(s) estimates revenue growth to 1.02M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 719k and 901k respectively. In this case, analysts expect current quarter sales to grow by 5.15% and then jump by 12.76% 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 -25.43%. While earnings are projected to return 69.98% in 2025.
TNON Dividends
Tenon Medical Inc is due to release its next quarterly earnings on 2025-Mar-19. 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 1.63% of total outstanding shares while institutional holders control 4.19%, with the float percentage being 4.26%.
Also, the Mutual Funds coming in first place with the largest holdings of Tenon Medical Inc (TNON) shares are Fidelity Concord Street Trust-Fidelity Extended Market Index Fund and VANGUARD INDEX FUNDS-Vanguard Extended Market Index Fund . Data provided on Dec 31, 2024 indicates that Fidelity Concord Street Trust-Fidelity Extended Market Index Fund owns about 16.86 shares. This amounts to just over 0.54 percent of the company’s overall shares, with a $47202.0 market value. The same data shows that the other fund manager holds slightly less at 2.98, or about 0.10% of the stock, which is worth about $8349.0.
