Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
The closing price of Tenon Medical Inc (NASDAQ: TNON) was $1.69 for the day, down -19.91% from the previous closing price of $2.11. In other words, the price has decreased by -$19.91 from its previous closing price. On the day, 2.53 million shares were traded. TNON stock price reached its highest trading level at $2.1397 during the session, while it also had its lowest trading level at $1.6105.
Ratios:
Our analysis of TNON’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 4.07 and its Current Ratio is at 4.39. In the meantime, Its Debt-to-Equity ratio is 0.07 whereas as Long-Term Debt/Eq ratio is at 0.02.
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 5300837 and an Enterprise Value of 7083591. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.19 while its Price-to-Book (P/B) ratio in mrq is 2.39. Its current Enterprise Value per Revenue stands at 2.162 whereas that against EBITDA is -0.53.
Stock Price History:
The Beta on a monthly basis for TNON is 1.17, which has changed by -0.7776316 over the last 52 weeks, in comparison to a change of 0.08089435 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 $0.91. The 50-Day Moving Average of the stock is 9.75%, while the 200-Day Moving Average is calculated to be -47.72%.
Shares Statistics:
TNON traded an average of 7.21M shares per day over the past three months and 38045320 shares per day over the past ten days. A total of 6.20M shares are outstanding, with a floating share count of 6.20M. Insiders hold about 0.00% of the company’s shares, while institutions hold 1.40% stake in the company. Shares short for TNON as of 1741910400 were 518514 with a Short Ratio of 0.07, compared to 1739491200 on 172771. Therefore, it implies a Short% of Shares Outstanding of 518514 and a Short% of Float of 16.89.
