Moreover, the 36-month beta value for TNON is 1.90. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 1 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for TNON is 3.14M and currently, short sellers hold a 5.29% of that float. On March 18, 2025, TNON’s average trading volume was 932.65K shares.
TNON) stock’s latest price update
The stock price of Tenon Medical Inc (NASDAQ: TNON) has surged by 13.62 when compared to previous closing price of 0.99, but the company has seen a -10.40% decline in its stock price over the last five trading sessions. accessnewswire.com reported 2025-03-11 that LOS GATOS, CA / ACCESS Newswire / March 11, 2025 / Tenon Medical, Inc. (NASDAQ:TNON) (“Tenon” or the “Company”), a company transforming care for patients suffering with certain sacroiliac joint (SI Joint) disorders, today announced its entry into a warrant inducement agreement with an existing healthcare-focused institutional investor of the Company for the immediate exercise of Series A Warrants to purchase up to 1,222,850 shares of common stock (the “Series A Warrants”) and Series B Warrants to purchase up to 1,222,850 shares of common stock (the “Series B Warrants”, and together with the Series A Warrants the “Existing Warrants”) at a reduced exercise price of $1.25 for gross cash proceeds of approximately $3.0 million, before deducting financial advisor fees and other transaction expenses. The Company intends to use the net proceeds from the offering for working capital and other general corporate purposes.
TNON’s Market Performance
Tenon Medical Inc (TNON) has seen a -10.40% fall in stock performance for the week, with a -23.29% decline in the past month and a -46.15% plunge in the past quarter. The volatility ratio for the week is 15.91%, and the volatility levels for the past 30 days are at 10.38% for TNON. The simple moving average for the last 20 days is -14.23% for TNON stock, with a simple moving average of -67.33% for the last 200 days.
TNON Trading at -27.58% 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 -92.91% of loss for the given period.
Volatility was left at 10.38%, however, over the last 30 days, the volatility rate increased by 15.91%, as shares sank -23.29% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -40.43% lower at present.
During the last 5 trading sessions, TNON fell by -10.40%, which changed the moving average for the period of 200-days by -80.56% in comparison to the 20-day moving average, which settled at $1.3058. In addition, Tenon Medical Inc saw -40.43% 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.
Based on Tenon Medical Inc (TNON), the company’s capital structure generated 0.06 points at debt to capital in total, while cash flow to debt ratio is standing at -18.95. The debt to equity ratio resting at 0.06. The interest coverage ratio of the stock is -403.94.
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 -1.55. 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
To wrap up, the performance of Tenon Medical Inc (TNON) has been bad in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. 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.
