On Monday, Tenon Medical Inc (NASDAQ: TNON) was -2.19% drop from the session before settling in for the closing price of $1.00. A 52-week range for TNON has been $0.95 – $15.79.
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Annual sales at Healthcare sector company grew by 238.26% over the past five years. When this article was written, the company’s average yearly earnings per share was at 69.98%. With a float of $3.14 million, this company’s outstanding shares have now reached $3.14 million.
Let’s look at the performance matrix of the company that is accounted for 21 employees. In terms of profitability, gross margin is 48.45%, operating margin of -414.3%, and the pretax margin is -413.88%.
Tenon Medical Inc (TNON) Insider Updates
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Tenon Medical Inc stocks. The insider ownership of Tenon Medical Inc is 0.00%, while institutional ownership is 2.76%.
Tenon Medical Inc (TNON) Performance Highlights and Predictions
Wall Street market experts anticipate that the next fiscal year will bring earnings of -1.06 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 69.98% per share during the next fiscal year.
Tenon Medical Inc (NASDAQ: TNON) Trading Performance Indicators
You can see what Tenon Medical Inc (TNON) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 4.07. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.94.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -22.81, a number that is poised to hit -1.06 in the next quarter and is forecasted to reach -1.35 in one year’s time.
Technical Analysis of Tenon Medical Inc (TNON)
Tenon Medical Inc (NASDAQ: TNON) saw its 5-day average volume 3.78 million, a positive change from its year-to-date volume of 1.33 million. As of the previous 9 days, the stock’s Stochastic %D was 13.79%. Additionally, its Average True Range was 0.15.
During the past 100 days, Tenon Medical Inc’s (TNON) raw stochastic average was set at 2.14%, which indicates a significant decrease from 6.29% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 175.83% in the past 14 days, which was higher than the 94.60% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.4451, while its 200-day Moving Average is $3.3142. Nevertheless, the first resistance level for the watch stands at $1.0156 in the near term. At $1.0530, the stock is likely to face the second major resistance level. The third major resistance level sits at $1.1061. If the price goes on to break the first support level at $0.9251, it is likely to go to the next support level at $0.8720. Assuming the price breaks the second support level, the third support level stands at $0.8346.
Tenon Medical Inc (NASDAQ: TNON) Key Stats
There are 3,137K outstanding shares of the company, which has a market capitalization of 3.07 million. As of now, sales total 2,930 K while income totals -15,580 K. Its latest quarter income was 890 K while its last quarter net income were -3,180 K.
