NASDAQ:TNON

Tenon Medical (TNON) Stock Forecast, Price & News

$1.16

-0.01 (-0.85%)

(As of 05/31/2023 ET)

Compare

Today's Range: $1.10
▼
$1.17
50-Day Range: $1.13
▼
$1.95
52-Week Range: $0.96
▼
$3.49

Volume: 15,367 shs
Average Volume: 339,717 shs
Market Capitalization: $13.05 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $6.00

Tenon Medical MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 417.2% Upside
$6.00 Price Target
Short Interest: Healthy
2.51% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: -0.02
Based on 3 Articles This Week
Insider Trading: Selling Shares
$116,904 Sold Last Quarter
Proj. Earnings Growth: N/A

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.03 out of 5 stars

Medical Sector

616th out of 1,006 stocks

Surgical & Medical Instruments Industry

64th out of 104 stocks

3.5

Analyst's Opinion

Consensus Rating
Tenon Medical has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $6.00, Tenon Medical has a forecasted upside of 417.2% from its current price of $1.16.
Amount of Analyst Coverage
Tenon Medical has only been the subject of 1 research reports in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
2.51% 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 3.3, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Tenon Medical has recently decreased by 18.57%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
Tenon Medical does not currently pay a dividend.
Dividend Growth
Tenon Medical does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for TNON.

1.1

News and Social Media Coverage

News Sentiment
Tenon Medical has a news sentiment score of -0.02. 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 0.79 average news sentiment score of Medical companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for Tenon Medical this week, compared to 1 article on an average week.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Tenon Medical insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $116,904.00 in company stock.
Percentage Held by Insiders
11.60% of the stock of Tenon Medical is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
Only 7.60% of the stock of Tenon Medical is held by institutions.

0.0

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Tenon Medical is -0.56, 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 -0.56, 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 5.27. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Tenon Medical (NASDAQ:TNON) Stock

Tenon Medical, Inc., a medical device company, develops surgical implant systems to optimize sacroiliac joint fixation/fusion surgery and corresponding outcomes. It sells The CATAMARAN SIJ Fusion System that includes instruments and implants designed to prepare and fixate the SI-Joint for fusion in the United States and Puerto Rico. The company was founded in 2012 and is based in Los Gatos, California.

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TNON Stock News Headlines

May 27, 2023 | americanbankingnews.com

Tenon Medical, Inc. (NASDAQ:TNON) CEO Sells $35,016.66 in Stock

May 27, 2023 | americanbankingnews.com

Insider Selling: Tenon Medical, Inc. (NASDAQ:TNON) CTO Sells $81,887.40 in Stock

May 31, 2023 | UNKNOWN (Ad)

Highly Profitable Restaurant Brand Expands to Canada

Invest in the Canadian Expansion with Debut: The Exclusive Franchisee with Proven Success.

May 17, 2023 | finance.yahoo.com

Tenon Medical, Inc. to Participate in the Virtual Benchmark Healthcare House Call Conference on May 23, 2023

May 10, 2023 | finance.yahoo.com

Q1 2023 Tenon Medical Inc Earnings Call

May 9, 2023 | finance.yahoo.com

Tenon Medical, Inc. Reports First Quarter 2023 Financial Results

May 3, 2023 | americanbankingnews.com

Head-To-Head Contrast: Assure (NASDAQ:IONM) versus Tenon Medical (NASDAQ:TNON)

May 2, 2023 | americanbankingnews.com

Analyzing Tenon Medical (NASDAQ:TNON) and Lucid Diagnostics (NASDAQ:LUCD)

May 31, 2023 | UNKNOWN (Ad)

World-Renowned Brazilian Restaurant Debuts in Canada

Invest in Debut's Exclusive Franchise of Acclaimed Brazilian Churrasco Restaurant Brand.

April 25, 2023 | finance.yahoo.com

Tenon Medical, Inc. Announces Timing of First Quarter 2023 Financial Results

April 17, 2023 | americanbankingnews.com

Critical Survey: Tenon Medical (TNON) vs. Its Peers

April 12, 2023 | americanbankingnews.com

Critical Survey: Tenon Medical (TNON) versus Its Rivals

March 22, 2023 | americanbankingnews.com

Financial Survey: Tenon Medical (TNON) vs. Its Peers

March 13, 2023 | benzinga.com

Tenon Medical Stock (NASDAQ:TNON), Dividends

March 10, 2023 | finance.yahoo.com

Q4 2022 Tenon Medical Inc Earnings Call

March 9, 2023 | msn.com

Tenon Medical GAAP EPS of -$0.70 beats by $0.11, revenue of $0.28M misses by $0.14M

March 9, 2023 | finance.yahoo.com

Tenon Medical, Inc. Reports Fourth Quarter and Full Year 2022 Financial Results

February 19, 2023 | seekingalpha.com

Ambrx, Inozyme top healthcare gainers; Bellicum, Tenon lead losers' pack

February 15, 2023 | marketwatch.com

Tenon Medical Shares More Than Doubles on Withdrawn Filing

January 26, 2023 | seekingalpha.com

TNON Tenon Medical, Inc.

December 21, 2022 | msn.com

Tenon Medical's Return On Capital Employed Insights

November 15, 2022 | finance.yahoo.com

Tenon Medical Announces Treatment of First Patient in Strategic Post Market Clinical Study with Company’s Catamaran(TM) SI Joint Fusion System

November 12, 2022 | finance.yahoo.com

Tenon Medical Third Quarter 2022 Earnings: Revenues Miss Expectations

November 10, 2022 | finance.yahoo.com

Tenon Medical, Inc. Reports Third Quarter 2022 Financial Results

November 2, 2022 | finance.yahoo.com

Tenon Medical, Inc. Announces Participation in Upcoming Conferences

October 27, 2022 | finance.yahoo.com

Tenon Medical, Inc. Announces Timing of Third Quarter 2022 Financial Results

October 25, 2022 | finance.yahoo.com

Tenon Medical’s Catamaran(TM) SI Joint Fusion System Receives Institutional Review Board Approval for Two Strategic Post Market Studies

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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TNON Company Calendar

Last Earnings: 3/10/2023
Today: 5/31/2023
Next Earnings (Estimated): 8/10/2023
Fiscal Year End: 12/31/2023

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Surgical & medical instruments
Sub-Industry: N/A
Sector: Medical
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 Forecast: $6.00
High Stock Price Forecast: $6.00
Low Stock Price Forecast: $6.00
Forecasted Upside/Downside: +417.2%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($2.06)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-18,920,000.00
Net Margins: -2,031.72%
Pretax Margin: -2,031.72%
Return on Equity: -232.63%
Return on Assets: -165.25%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 2.12
Quick Ratio: 1.97

Sales & Book Value

Annual Sales: $690,000.00
Price / Sales: 18.91
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $0.22 per share
Price / Book: 5.27

Miscellaneous

Outstanding Shares: 11,250,000
Free Float: 9,946,000
Market Cap: $13.05 million
Optionable: Not Optionable
Beta: N/A

Key Executives

Mr. Steven M. Foster (Age 56)
CEO & Chairman
Comp: $175k

Mr. Richard Ginn (Age 57)
Founder, CTO & Director
Comp: $160.42k

Mr. Steven M. Van Dick (Age 68)
Exec. VP of Fin. & Admin. and CFO
Comp: $160.42k

Mr. Richard M. Ferrari (Age 69)
Exec. Chairman

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

TNON Stock - Frequently Asked Questions

Should I buy or sell Tenon Medical stock right now?: 1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Tenon Medical in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" TNON shares.
View TNON analyst ratings or view top-rated stocks.
What is Tenon Medical's stock price forecast for 2023?: 1 analysts have issued 1 year price objectives for Tenon Medical's stock. Their TNON share price forecasts range from $6.00 to $6.00. On average, they predict the company's stock price to reach $6.00 in the next year. This suggests a possible upside of 417.2% from the stock's current price.
View analysts price targets for TNON or view top-rated stocks among Wall Street analysts.
How have TNON shares performed in 2023?: Tenon Medical's stock was trading at $1.58 at the beginning of the year. Since then, TNON stock has decreased by 26.6% and is now trading at $1.16.
View the best growth stocks for 2023 here.
Are investors shorting Tenon Medical?: Tenon Medical saw a decrease in short interest during the month of May. As of May 15th, there was short interest totaling 181,600 shares, a decrease of 18.6% from the April 30th total of 223,000 shares. Based on an average daily trading volume, of 54,500 shares, the short-interest ratio is currently 3.3 days. Approximately 2.5% of the shares of the company are short sold.
View Tenon Medical's Short Interest.
When is Tenon Medical's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, August 10th 2023.
View our TNON earnings forecast.
How were Tenon Medical's earnings last quarter?: Tenon Medical, Inc. (NASDAQ:TNON) posted its quarterly earnings data on Friday, March, 10th. The company reported ($0.70) EPS for the quarter. The business had revenue of $0.28 million for the quarter. Tenon Medical had a negative trailing twelve-month return on equity of 232.63% and a negative net margin of 2,031.72%.

When did Tenon Medical IPO?: (TNON) raised $16 million in an initial public offering (IPO) on Wednesday, April 27th 2022. The company issued 3,200,000 shares at a price of $4.50-$5.50 per share.
What is Tenon Medical's stock symbol?: Tenon Medical trades on the NASDAQ under the ticker symbol "TNON."
Who are Tenon Medical's major shareholders?: Tenon Medical's stock is owned by many different institutional and retail investors. Top institutional investors include Spectrum Asset Management Inc. NB CA (1.68%), BlackRock Inc. (1.14%), Geode Capital Management LLC (0.91%), Renaissance Technologies LLC (0.36%) and SG Americas Securities LLC (0.14%). Insiders that own company stock include 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Tenon Medical's stock price today?: One share of TNON stock can currently be purchased for approximately $1.16.
How much money does Tenon Medical make?: Tenon Medical (NASDAQ:TNON) has a market capitalization of $13.05 million and generates $690,000.00 in revenue each year. The company earns $-18,920,000.00 in net income (profit) each year or ($2.06) on an earnings per share basis.
How can I contact Tenon Medical?: The official website for the company is www.tenonmed.com. The company can be reached via phone at 408-649-5760 or via email at tenon@mzgroup.ustenon@mzgroup.us.

This page (NASDAQ:TNON) was last updated on 5/31/2023 by MarketBeat.com Staff

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