The trading price of Tenon Medical Inc (NASDAQ:TNON) closed higher on Tuesday, March 25, and closing at $3.75, 283.40% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $3.27 and $5.85. In examining the 52-week price action we see that the stock hit a 52-week high of $15.79 and a 52-week low of $0.91. Over the past month, the stock has gained 181.95% in value.
Tenon Medical Inc, whose market valuation is $11.77 million at the time of this writing, is expected to release its quarterly earnings report on 2025-Mar-19. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by -3.77 per share this quarter, however they have predicted annual earnings per share of -21.53 for current year and -3.38 for next year.
Analysts have forecast the company to bring in revenue of 901k for the current quarter, with the likely lows of 901k and highs of 901k. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 3.41M.
On the technical side, indicators suggest TNON has a 50% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Sell, while an average of long term indicators suggests that the stock is currently 50% Buy.
A quick review shows that TNON’s price is currently 179.81% off the SMA20 and 152.82% off the SMA50. The RSI metric on the 14-day chart is currently showing 82.94, and weekly volatility stands at 23.60%. When measured over the past 30 days, the indicator reaches 14.28%. Tenon Medical Inc (NASDAQ:TNON)’s beta value is currently sitting at 1.93, while the Average True Range indicator is currently displaying 0.49.
To see how Tenon Medical Inc stock has been performing in comparison to its peers in the industry, here are the numbers: TNON stock’s performance was 283.40% in the latest trading, and -55.36% in the past year.
An evaluation of the daily trading volume of Tenon Medical Inc (NASDAQ:TNON) indicates that the 3-month average is 1.26 million. However, this figure has increased over the past 10 days to an average of 31.3.
Currently, records show that 3.14 million of the company’s shares remain outstanding. The insiders hold 0.00% of outstanding shares, whereasinstitutions hold 2.76%. The stats also highlight that short interest as of 2025-02-28, stood at 0.17 million shares, resulting in a short ratio of 1.99 at that time. From this, we can conclude that short interest is 541.00 of the company’s total outstanding shares. It is noteworthy that short shares in February were down slightly from the previous month’s figure, which was 0.18 million. However, since the stock’s price has seen 99.47% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
