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Tenon Medical Inc (NASDAQ: TNON) closed the day trading at $1.15 down -2.54% from the previous closing price of $1.18. In other words, the price has decreased by -$2.54 from its previous closing price. On the day, 0.52 million shares were traded. TNON stock price reached its highest trading level at $1.1775 during the session, while it also had its lowest trading level at $1.1103.
Ratios:
For a better understanding of TNON, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 3.59 and its Current Ratio is at 3.86. In the meantime, Its Debt-to-Equity ratio is 0.04 whereas as Long-Term Debt/Eq ratio is at 0.00.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, TNON now has a Market Capitalization of 10433087 and an Enterprise Value of 6407103. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.46 while its Price-to-Book (P/B) ratio in mrq is 2.95. Its current Enterprise Value per Revenue stands at 2.174 whereas that against EBITDA is -0.508.
Stock Price History:
The Beta on a monthly basis for TNON is 1.25, which has changed by -0.7066326 over the last 52 weeks, in comparison to a change of 0.20221436 over the same period for the S&P500. Over the past 52 weeks, TNON has reached a high of $15.79, while it has fallen to a 52-week low of $0.85. The 50-Day Moving Average of the stock is -4.13%, while the 200-Day Moving Average is calculated to be -20.67%.
Shares Statistics:
Over the past 3-months, TNON traded about 4.50M shares per day on average, while over the past 10 days, TNON traded about 319020 shares per day. A total of 8.88M shares are outstanding, with a floating share count of 7.62M. Insiders hold about 14.22% of the company’s shares, while institutions hold 1.40% stake in the company. Shares short for TNON as of 1755216000 were 1186196 with a Short Ratio of 0.26, compared to 1752537600 on 33991. Therefore, it implies a Short% of Shares Outstanding of 1186196 and a Short% of Float of 13.389999999999999.
Earnings Estimates
The dynamic stock of Tenon Medical Inc (TNON) is currently attracting attention from 1.0 analysts actively involved in rating its market status.The consensus estimate for the next quarter is -$0.27, with high estimates of -$0.27 and low estimates of -$0.27.
Analysts are recommending an EPS of between -$1.65 and -$1.65 for the fiscal current year, implying an average EPS of -$1.65. EPS for the following year is -$0.9, with 2.0 analysts recommending between -$0.75 and -$1.05.
Revenue Estimates
1 analysts predict $1.29M in revenue for the current quarter. It ranges from a high estimate of $1.29M to a low estimate of $1.29M. As of the current estimate, Tenon Medical Inc’s year-ago sales were $887kFor the next quarter, 1 analysts are estimating revenue of $1.75M. There is a high estimate of $1.75M for the next quarter, whereas the lowest estimate is $1.75M.
A total of 1 analysts have provided revenue estimates for TNON’s current fiscal year. The highest revenue estimate was $4.33M, while the lowest revenue estimate was $4.33M, resulting in an average revenue estimate of $4.33M. In the same quarter a year ago, actual revenue was $3.28MBased on 2 analysts’ estimates, the company’s revenue will be $8.4M in the next fiscal year. The high estimate is $9.46M and the low estimate is $7.33M.
