In the latest trading session, 0.42 million Tenon Medical Inc (NASDAQ:TNON) shares changed hands as the company’s beta touched 1.42. With the company’s most recent per share price at $1.15 changed hands at -$0.01 or -0.43% at last look, the market valuation stands at $7.16M. TNON’s current price is a discount, trading about -1273.04% off its 52-week high of $15.79. The share price had its 52-week low at $0.91, which suggests the last value was 20.87% up since then. When we look at Tenon Medical Inc’s average trading volume, we note the 10-day average is 36.59 million shares, with the 3-month average coming to 7.19 million.
Tenon Medical Inc (NASDAQ:TNON) trade information
Instantly TNON was in red as seen in intraday trades today. With action -31.66%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -38.56%, with the 5-day performance at -31.66% in the red. However, in the 30-day time frame, Tenon Medical Inc (NASDAQ:TNON) is -7.60% down. Looking at the short shares, we see there were 0.52 million shares sold at short interest cover period of 0.2 days.
Tenon Medical Inc (TNON) estimates and forecasts
Year-over-year growth is forecast to reach 53.13% up from the last financial year.
Consensus estimates given by 1 financial analysts project the company’s revenue in the current quarter to hit an average of 756k. 1 analysts are of the opinion that Tenon Medical Inc’s revenue for the current quarter will be 1.02M. The company’s revenue for the corresponding quarters a year ago was 719k and 901k respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 5.15%. The estimates for the next quarter sales put growth at 12.76%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -25.43%. The 2025 estimates are for Tenon Medical Inc earnings to increase by 69.98%.
Tenon Medical Inc (NASDAQ:TNON)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.33% of Tenon Medical Inc shares while 1.40% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 1.40%.
Among Mutual Funds, the top two as of Feb 28, 2025 were Fidelity Concord Street Trust-Fidelity Extended Market Index Fund and Fidelity Concord Street Trust-Fidelity Series Total Market Index Fund. With 16.5 shares estimated at $19388.0 under it, the former controlled 0.30% of total outstanding shares. On the other hand, Fidelity Concord Street Trust-Fidelity Series Total Market Index Fund held about 0.06% of the shares, roughly 3.13 shares worth around $3683.0.
