Tenon Medical (TNON) Stock Price, News & Analysis

Company Overview

Tenon Medical, Inc., a medical device company, engages in the development of surgical implant systems to treat severe lower back pain in the United States and Puerto Rico. The company offers CATAMARAN SI-Joint Fusion System to fuse sacroiliac joints (SI-Joints) to treat SI-Joint dysfunction that often causes severe lower back pain; and features fixation device that passes through the axial and sagittal planes of the ilium and sacrum, as well as transfixes the SI joints. Tenon Medical, Inc. was incorporated in 2012 and is headquartered in Los Gatos, California.

Key Stats

• Today's Range: $2.53 to $2.59
• 50-Day Range: $2.49 to $7.71
• 52-Week Range: $2.40 to $20.00
• Volume: 69,968 shs
• Average Volume: 1.40 million shs
• Market Capitalization: $7.98 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $5.50
• Consensus Rating: Buy

Tenon Medical Stock Analysis - MarketRank™

Tenon Medical scored higher than 31% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.5 / 5
• Analyst Rating: Buy

Consensus Rating

Tenon Medical has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Tenon Medical has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.0 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Tenon Medical is -0.09, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Tenon Medical is -0.09, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Tenon Medical has a P/B Ratio of 1.79. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

36.57% of the float of Tenon Medical has been sold short.

Short Interest Ratio / Days to Cover

Tenon Medical has a short interest ratio ("days to cover") of 0.1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Tenon Medical has recently increased by 419.35%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Tenon Medical does not currently pay a dividend.

Dividend Growth

Tenon Medical does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

36.57% of the float of Tenon Medical has been sold short.

Short Interest Ratio / Days to Cover

Tenon Medical has a short interest ratio ("days to cover") of 0.1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Tenon Medical has recently increased by 419.35%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.3 / 5
• News Sentiment: 0.21

News Sentiment

Tenon Medical has a news sentiment score of 0.21. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.49 average news sentiment score of Medical companies.

News Coverage This Week

MarketBeat has tracked 4 news articles for Tenon Medical this week, compared to 1 article on an average week.

Search Interest

Only 5 people have searched for TNON on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

MarketBeat Follows

1 people have added Tenon Medical to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 0.0 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Tenon Medical insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 4.70% of the stock of Tenon Medical is held by insiders.

Percentage Held by Institutions

Only 22.74% of the stock of Tenon Medical is held by institutions.

TNON Stock Analysis - Frequently Asked Questions

How have TNON shares performed this year?

Tenon Medical's stock was trading at $1.58 at the beginning of the year. Since then, TNON shares have increased by 60.8% and is now trading at $2.54.
View the best growth stocks for 2024 here.

How were Tenon Medical's earnings last quarter?

Tenon Medical, Inc. (NASDAQ:TNON) posted its quarterly earnings data on Tuesday, May, 14th. The company reported ($1.25) earnings per share (EPS) for the quarter. The firm earned $0.72 million during the quarter. Tenon Medical had a negative net margin of 413.88% and a negative trailing twelve-month return on equity of 1,785.88%.

When did Tenon Medical IPO?

Tenon Medical (TNON) raised $16 million in an IPO on Wednesday, April 27th 2022. The company issued 3,200,000 shares at a price of $4.50-$5.50 per share.

Who are Tenon Medical's major shareholders?

Top institutional investors of Tenon Medical include Spectrum Asset Management Inc. NB CA (1.97%). Insiders that own company stock include Dick Steven M Van, Richard Ginn and Steven M Foster.
View institutional ownership trends.

How do I buy shares of Tenon Medical?

Shares of TNON stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Tenon Medical own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Tenon Medical investors own include Ardelyx (ARDX), Broadcom (AVGO), CrowdStrike (CRWD), First Financial Bankshares (FFIN), Eli Lilly and Company (LLY) and Meta Platforms (META).

Company Calendar

• Last Earnings: 5/14/2024
• Today: 11/23/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Medical
• Industry: Surgical & medical instruments
• Sub-Industry: Medical Equipment
• Current Symbol: NASDAQ:TNON
• CUSIP: N/A
• CIK: 1560293
• Web: www.tenonmed.com
• Phone: 408-649-5760
• Fax: N/A
• Employees: 8
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $5.50
• High Stock Price Target: $8.00
• Low Stock Price Target: $3.00
• Potential Upside/Downside: +116.5%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 2 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($27.23)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-15,580,000.00
• Net Margins: -413.88%
• Pretax Margin: -413.88%
• Return on Equity: -1,785.88%
• Return on Assets: -164.26%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 3.52
• Quick Ratio: 3.33

Sales & Book Value

• Annual Sales: $2.93 million
• Price / Sales: 0.44
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $8.70 per share
• Price / Book: 0.29

Miscellaneous

• Outstanding Shares: 510,000
• Free Float: 486,000
• Market Cap: $1.30 million
• Optionable: Not Optionable
• Beta: 2.15