Tenon Medical Inc (NASDAQ: TNON) on Friday, plunged -4.58% from the previous trading day, before settling in for the closing price of $3.93. Within the past 52 weeks, TNON’s price has moved between $2.80 and $37.60.
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It was noted that within the last five years, the titan of the Healthcare sector saw sales topped by 225.63%. The company achieved an average annual earnings per share of 71.85%. With a float of $0.57 million, this company’s outstanding shares have now reached $0.57 million.
The extent of productivity of a business whose workforce counts for 21 workers is very important to gauge. In terms of profitability, gross margin is 46.65%, operating margin of -412.13%, and the pretax margin is -411.27%.
Tenon Medical Inc (TNON) Insider and Institutional Ownership
Observing investor behavior towards Medical Devices industry stocks is more important than anything else. The insider ownership of Tenon Medical Inc is 0.00%, while institutional ownership is 12.60%.
Tenon Medical Inc (TNON) Latest Financial update
As on 6/30/2024, Multinational firm has announced its last quarter scores, in which it reported -11.68 earnings per share (EPS) for the period topping the consensus outlook (set at -22.4) by 10.72. Wall Street market experts anticipate that the next fiscal year will bring earnings of -3.13 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 71.85% per share during the next fiscal year.
Tenon Medical Inc (NASDAQ: TNON) Trading Performance Indicators
Tenon Medical Inc (TNON) is currently performing well based on its current performance indicators. A quick ratio of 1.02 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.54.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -144.95, a number that is poised to hit -4.24 in the next quarter and is forecasted to reach -9.16 in one year’s time.
Technical Analysis of Tenon Medical Inc (TNON)
The latest stats from [Tenon Medical Inc, TNON] show that its last 5-days average volume of 4.9 million was superior to 0.78 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 42.09%. Additionally, its Average True Range was 0.54.
During the past 100 days, Tenon Medical Inc’s (TNON) raw stochastic average was set at 7.31%, which indicates a significant decrease from 39.18% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 123.77% in the past 14 days, which was lower than the 167.92% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $4.22, while its 200-day Moving Average is $6.21. Now, the first resistance to watch is $3.91. This is followed by the second major resistance level at $4.07. The third major resistance level sits at $4.20. If the price goes on to break the first support level at $3.61, it is likely to go to the next support level at $3.48. The third support level lies at $3.32 if the price breaches the second support level.
Tenon Medical Inc (NASDAQ: TNON) Key Stats
Market capitalization of the company is 1.82 million based on 510K outstanding shares. Right now, sales total 2,930 K and income totals -15,580 K. The company made 900 K in profit during its latest quarter, and -3,830 K in sales during its previous quarter.
