The stock of Tenon Medical Inc (TNON) has gone down by -1.60% for the week, with a -15.14% drop in the past month and a -50.93% drop in the past quarter. The volatility ratio for the week is 10.53%, and the volatility levels for the past 30 days are 8.47% for TNON. The simple moving average for the past 20 days is -5.26% for TNON’s stock, with a -59.71% simple moving average for the past 200 days.
Is It Worth Investing in Tenon Medical Inc (NASDAQ: TNON) Right Now?
The 36-month beta value for TNON is at 1.88. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 1 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for TNON is 3.14M, and currently, shorts hold a 4.12% of that float. The average trading volume for TNON on January 10, 2025 was 801.33K shares.
TNON) stock’s latest price update
The stock price of Tenon Medical Inc (NASDAQ: TNON) has dropped by -12.11 compared to previous close of 2.11. Despite this, the company has seen a fall of -1.60% in its stock price over the last five trading days. accesswire.com reported 2025-01-09 that LOS GATOS, CA / ACCESSWIRE / January 9, 2025 / Tenon Medical, Inc. (NASDAQ:TNON) (“Tenon” or the “Company”), a company transforming care for patients suffering from certain Sacroiliac Joint (SIJ) disorders, today announced that Chief Financial Officer Kevin Williamson will host one-on-one investor meetings in San Francisco, CA during the week of January 13th in accordance with the 43rd Annual J.P. Morgan Healthcare Conference.
TNON Trading at -26.18% from the 50-Day Moving Average
After a stumble in the market that brought TNON to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -88.28% of loss for the given period.
Volatility was left at 8.47%, however, over the last 30 days, the volatility rate increased by 10.53%, as shares sank -12.74% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -48.90% lower at present.
During the last 5 trading sessions, TNON fell by -1.60%, which changed the moving average for the period of 200-days by -77.55% in comparison to the 20-day moving average, which settled at $1.9527. In addition, Tenon Medical Inc saw -1.60% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for TNON
Current profitability levels for the company are sitting at:
- -4.14 for the present operating margin
- 0.48 for the gross margin
The net margin for Tenon Medical Inc stands at -4.14. The total capital return value is set at -1.39. Equity return is now at value -256.26, with -134.79 for asset returns.
Currently, EBITDA for the company is -15.53 million with net debt to EBITDA at 0.66. When we switch over and look at the enterprise to sales, we see a ratio of -0.86. The receivables turnover for the company is 3.78for trailing twelve months and the total asset turnover is 0.25. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.52.
Conclusion
In conclusion, Tenon Medical Inc (TNON) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
