Tenon Medical Inc (NASDAQ:TNON) price on Friday, April 11, rose 1.83% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $1.11.
A look at the stock’s price movement, the close in the last trading session was $1.09, moving within a range at $1.09 and $1.17. The beta value (5-Year monthly) was 1.167. Turning to its 52-week performance, $15.79 and $0.91 were the 52-week high and 52-week low respectively. Overall, TNON moved 6.73% over the past month.
Tenon Medical Inc’s market cap currently stands at around $6.88 million, with investors looking forward to this quarter’s earnings report slated for on 2025-Mar-19.
Analysts have a consensus estimate of 756k for the company’s revenue for the quarter, with a low and high estimate of 756k and 756k respectively. The average forecast suggests up to a 5.15% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 5.02M, representing a 53.13% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that TNON is a 50% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
0 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 0 recommend TNON as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is nan which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
TNON’s current price about -29.23% and -23.88% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 44.10, while 7-day volatility ratio is 16.10% and 21.23% in the 30-day chart. Further, Tenon Medical Inc (TNON) has a beta value of 1.41, and an average true range (ATR) of 0.40.
If we refocus on Tenon Medical Inc (NASDAQ:TNON), historical trading data shows that trading volumes averaged 1.33 over the past 10 days and 7.12 million over the past 3 months. The company’s latest data on shares outstanding shows there are 6.20 million shares.
The 0.00% of Tenon Medical Inc’s shares are in the hands of company insiders while institutional holders own 1.40% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 0.52 million on 2025-03-14, giving us a short ratio of 0.2. The data shows that as of 2025-03-14 short interest in Tenon Medical Inc (TNON) stood at 1689.0 of shares outstanding, with shares short rising to 0.17 million registered in 2025-02-14. Current price change has pushed the stock -40.96% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the TNON stock continues to rise going into the next quarter.
