Market Update: Tenon Medical Inc (TNON) Sees Negative Movement, Closing at 3.26

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In the latest session, Tenon Medical Inc (NASDAQ: TNON) closed at $3.26 down -6.59% from its previous closing price of $3.49. In other words, the price has decreased by -$6.59 from its previous closing price. On the day, 2.07 million shares were traded. TNON stock price reached its highest trading level at $3.5 during the session, while it also had its lowest trading level at $3.2218.

Ratios:

For a deeper understanding of Tenon Medical Inc’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.02 and its Current Ratio is at 1.20. In the meantime, Its Debt-to-Equity ratio is 0.67 whereas as Long-Term Debt/Eq ratio is at 0.35.

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 1960593 and an Enterprise Value of 3503345. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.49. Its current Enterprise Value per Revenue stands at 1.039 whereas that against EBITDA is -0.258.

Stock Price History:

Over the past 52 weeks, TNON has reached a high of $37.60, while it has fallen to a 52-week low of $2.80. The 50-Day Moving Average of the stock is -22.91%, while the 200-Day Moving Average is calculated to be -48.18%.

Shares Statistics:

For the past three months, TNON has traded an average of 2.12M shares per day and 1795980 over the past ten days. A total of 0.57M shares are outstanding, with a floating share count of 0.57M. Insiders hold about 0.00% of the company’s shares, while institutions hold 12.60% stake in the company. Shares short for TNON as of 1728950400 were 39769 with a Short Ratio of 0.02, compared to 1726185600 on 815125. Therefore, it implies a Short% of Shares Outstanding of 39769 and a Short% of Float of 7.9799999999999995.

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