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After finishing at $1.35 in the prior trading day, Tenon Medical Inc (NASDAQ: TNON) closed at $1.39, up 2.96%. In other words, the price has increased by $2.96 from its previous closing price. On the day, 1.39 million shares were traded. TNON stock price reached its highest trading level at $1.43 during the session, while it also had its lowest trading level at $1.3.

Ratios:

Our goal is to gain a better understanding of TNON by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 5.19 and its Current Ratio is at 5.46. In the meantime, Its Debt-to-Equity ratio is 0.04 whereas as Long-Term Debt/Eq ratio is at 0.01.

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 10550058 and an Enterprise Value of 4351058. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.22 while its Price-to-Book (P/B) ratio in mrq is 1.88. Its current Enterprise Value per Revenue stands at 1.325 whereas that against EBITDA is -0.32.

Stock Price History:

The Beta on a monthly basis for TNON is 1.17, which has changed by -0.7055085 over the last 52 weeks, in comparison to a change of 0.19554341 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 31.55%, while the 200-Day Moving Average is calculated to be -15.73%.

Shares Statistics:

The stock has traded on average 4.37M shares per day over the past 3-months and 26506730 shares per day over the last 10 days, according to various share statistics. A total of 7.59M shares are outstanding, with a floating share count of 5.20M. Insiders hold about 0.00% of the company’s shares, while institutions hold 2.52% stake in the company. Shares short for TNON as of 1752537600 were 33991 with a Short Ratio of 0.01, compared to 1749772800 on 18825. Therefore, it implies a Short% of Shares Outstanding of 33991 and a Short% of Float of 0.44999999999999996.

Earnings Estimates

The current assessment of Tenon Medical Inc (TNON) involves the perspectives of 2.0 analysts closely monitoring its market dynamics.The consensus estimate for the next quarter is -$0.44, with high estimates of -$0.41 and low estimates of -$0.46.

Analysts are recommending an EPS of between -$1.95 and -$1.98 for the fiscal current year, implying an average EPS of -$1.97. EPS for the following year is -$0.95, with 2.0 analysts recommending between -$0.85 and -$1.05.

Revenue Estimates

2 analysts predict $909.5k in revenue for the current quarter. It ranges from a high estimate of $916k to a low estimate of $903k. As of the current estimate, Tenon Medical Inc’s year-ago sales were $901kFor the next quarter, 2 analysts are estimating revenue of $1.27M. There is a high estimate of $1.44M for the next quarter, whereas the lowest estimate is $1.1M.

A total of 2 analysts have provided revenue estimates for TNON’s current fiscal year. The highest revenue estimate was $4.89M, while the lowest revenue estimate was $4.04M, resulting in an average revenue estimate of $4.47M. In the same quarter a year ago, actual revenue was $3.28MBased on 2 analysts’ estimates, the company’s revenue will be $7.43M in the next fiscal year. The high estimate is $7.52M and the low estimate is $7.33M.