Tenon Medical Inc (NASDAQ:TNON) traded at $1.69 at close of the session on Tuesday, April 01 and made a downward move of -19.91% on its previous day’s price.
Looking at the stock we see that its previous close was $2.11 and the beta (5Y monthly) reads 1.895 with the day’s price range being $1.6105 – $2.1397. In terms of its 52-week price range, TNON has a high of $15.79 and a low of $0.91. The company’s stock has gained about 34.13% over that past 30 days.
Tenon Medical Inc has a market cap of $10.48 million and is expected to release its quarterly earnings report on 2025-Mar-19.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 756k, with a low of 756k and a high of 756k. The median projection represents growth squeezing down to 5.15% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for current year is expected to hit 5.02M, or 53.13% up from figures reported last year.
On the other hand, looking at the outlook for the TNON stock, short term indicators assign the stock an average of Hold, while medium term indicators assign it an average of 50% Sell.
Looking further, we note the current price level is 6.88% off its SMA20 and 9.75% from its 50-day simple moving average. The RSI (14) is pointing at 49.93 while the volatility over the past week is 31.79% and jumps to 19.46% over the past one month. The beta value is 1.17, while the average true range (ATR) is currently pointing at 0.58.
Coming back to Tenon Medical Inc (NASDAQ:TNON), we note that the average 3-month trading volume was 7.21 million, while that of the preceding 10-day period stands at 38.05 million. Current shares outstanding are 6.20 million.
The insiders hold 0.00% of the company’s shares while institutions hold 1.40%. The data shows that short shares as of 2025-03-14, stood at 0.52 million at a short ratio of 0.2. This represents a 1689.00 short interest in shares outstanding on 2025-03-14. Shares short rose in March from the previous month at 0.17 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -10.11% down in year-to-date price movement.
