Tenon Medical Inc (NASDAQ:TNON) currently has a daily average trading volume of 1.88M but it saw 3009724 shares traded in last market. With a market cap of 1.96M USD, the company’s current market price of $3.43 came falling about -2.00 while comparing to the previous closing price of $3.50. In past 52 weeks, the stock remained buoying in the range of price level as high as $37.60 and as low as $2.80. In the recent trading on the day, stock has struck highest price mark of $3.38 while lowest mark touched by it was $3.55.
Taking a look at 20-day trading activity of Tenon Medical Inc (TNON) gives us an average price of $4.13, while its current price level is -90.88% below from 52-week high level whereas it is 22.50% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $4.29 while that of 200 days or SMA-200 reads an average of $6.68. A closer look into the stock’s movement over the week reveals that its volatility is standing at 8.57% during that period while stretching the period over a month that increases to 12.92%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 41.40 which implies that the stock is in neutral territory.
Over the week, TNON’s stock price is moving -4.72% down while it is -34.67% when we observe its performance for the past one month. Year-to-date it is -72.86% down and over the past year, the stock is showing a downside performance of -73.39%.
The latest quarterly earnings report issued by the company reported quarterly earnings per share (EPS) of -11.68 beat the consensus estimate of -22.4 for the same. The company is expected to be releasing its next quarterly report in November, for which analysts forecasted an EPS of -4.23 while estimate for next year EPS is -19.34. In next quarter, company is expected to be making quarterly sales of $1.53M as analysts are expecting the sales for current fiscal year at $4.34M and seeing the company making $8.19M in sales next year. Moreover, analysts are in estimates of $1.19M for current-quarter revenue.
Currently, Tenon Medical Inc’s total number of outstanding shares is 2.60M. Company’s return on investment (ROI) stands at -1236.01% and return on equity (ROE) at -1598.62%. Stock’s beta reads 2.19. Stock has a price to sale or P/S ratio amounts to 0.58. Its return on asset (ROA) is -174.87% on average.
