NASDAQ:TNON Tenon Medical (TNON) Stock Forecast, Price & News $1.16 -0.01 (-0.85%) (As of 05/31/2023 ET) Add Compare Share Share Today's Range$1.10▼$1.1750-Day Range$1.13▼$1.9552-Week Range$0.96▼$3.49Volume15,367 shsAverage Volume339,717 shsMarket Capitalization$13.05 millionP/E RatioN/ADividend YieldN/APrice Target$6.00 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media Tenon Medical MarketRank™ ForecastAnalyst RatingBuy3.00 Rating ScoreUpside/Downside417.2% Upside$6.00 Price TargetShort InterestHealthy2.51% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment-0.02Based on 3 Articles This WeekInsider TradingSelling Shares$116,904 Sold Last QuarterProj. Earnings GrowthN/ASee Full Details Hide Full Details 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 starsMedical Sector616th out of 1,006 stocksSurgical & Medical Instruments Industry64th out of 104 stocks 3.5 Analyst's Opinion Consensus RatingTenon 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/DownsideAccording 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 CoverageTenon Medical has only been the subject of 1 research reports in the past 90 days. Previous Next 5.0 Short Interest Percentage of Shares Shorted2.51% of the float of Tenon Medical has been sold short.Short Interest Ratio / Days to CoverTenon 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 monthShort interest in Tenon Medical has recently decreased by 18.57%, indicating that investor sentiment is improving significantly. Previous Next 0.0 Dividend Strength Dividend YieldTenon Medical does not currently pay a dividend.Dividend GrowthTenon Medical does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for TNON. Previous Next 1.1 News and Social Media Coverage News SentimentTenon 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 WeekMarketBeat has tracked 3 news articles for Tenon Medical this week, compared to 1 article on an average week. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn 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 Insiders11.60% 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 InstitutionsOnly 7.60% of the stock of Tenon Medical is held by institutions. Previous Next 0.0 Earnings and Valuation Price to Earnings Ratio vs. the MarketThe 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. SectorThe 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 RatioTenon 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. Previous Next See Top Rated MarketRank™ Stocks Here About Tenon Medical (NASDAQ:TNON) StockTenon 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.Read More Receive TNON Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Tenon Medical and its competitors with MarketBeat's FREE daily newsletter. Email Address TNON Stock News HeadlinesMay 27, 2023 | americanbankingnews.comTenon Medical, Inc. (NASDAQ:TNON) CEO Sells $35,016.66 in StockMay 27, 2023 | americanbankingnews.comInsider Selling: Tenon Medical, Inc. (NASDAQ:TNON) CTO Sells $81,887.40 in StockMay 31, 2023 | UNKNOWN (Ad)Highly Profitable Restaurant Brand Expands to CanadaInvest in the Canadian Expansion with Debut: The Exclusive Franchisee with Proven Success.May 17, 2023 | finance.yahoo.comTenon Medical, Inc. to Participate in the Virtual Benchmark Healthcare House Call Conference on May 23, 2023May 10, 2023 | finance.yahoo.comQ1 2023 Tenon Medical Inc Earnings CallMay 9, 2023 | finance.yahoo.comTenon Medical, Inc. Reports First Quarter 2023 Financial ResultsMay 3, 2023 | americanbankingnews.comHead-To-Head Contrast: Assure (NASDAQ:IONM) versus Tenon Medical (NASDAQ:TNON)May 2, 2023 | americanbankingnews.comAnalyzing Tenon Medical (NASDAQ:TNON) and Lucid Diagnostics (NASDAQ:LUCD)May 31, 2023 | UNKNOWN (Ad)World-Renowned Brazilian Restaurant Debuts in CanadaInvest in Debut's Exclusive Franchise of Acclaimed Brazilian Churrasco Restaurant Brand.April 25, 2023 | finance.yahoo.comTenon Medical, Inc. Announces Timing of First Quarter 2023 Financial ResultsApril 17, 2023 | americanbankingnews.comCritical Survey: Tenon Medical (TNON) vs. Its PeersApril 12, 2023 | americanbankingnews.comCritical Survey: Tenon Medical (TNON) versus Its RivalsMarch 22, 2023 | americanbankingnews.comFinancial Survey: Tenon Medical (TNON) vs. Its PeersMarch 13, 2023 | benzinga.comTenon Medical Stock (NASDAQ:TNON), DividendsMarch 10, 2023 | finance.yahoo.comQ4 2022 Tenon Medical Inc Earnings CallMarch 9, 2023 | msn.comTenon Medical GAAP EPS of -$0.70 beats by $0.11, revenue of $0.28M misses by $0.14MMarch 9, 2023 | finance.yahoo.comTenon Medical, Inc. Reports Fourth Quarter and Full Year 2022 Financial ResultsFebruary 19, 2023 | seekingalpha.comAmbrx, Inozyme top healthcare gainers; Bellicum, Tenon lead losers' packFebruary 15, 2023 | marketwatch.comTenon Medical Shares More Than Doubles on Withdrawn FilingJanuary 26, 2023 | seekingalpha.comTNON Tenon Medical, Inc.December 21, 2022 | msn.comTenon Medical's Return On Capital Employed InsightsNovember 15, 2022 | finance.yahoo.comTenon Medical Announces Treatment of First Patient in Strategic Post Market Clinical Study with Company’s Catamaran(TM) SI Joint Fusion SystemNovember 12, 2022 | finance.yahoo.comTenon Medical Third Quarter 2022 Earnings: Revenues Miss ExpectationsNovember 10, 2022 | finance.yahoo.comTenon Medical, Inc. Reports Third Quarter 2022 Financial ResultsNovember 2, 2022 | finance.yahoo.comTenon Medical, Inc. Announces Participation in Upcoming ConferencesOctober 27, 2022 | finance.yahoo.comTenon Medical, Inc. Announces Timing of Third Quarter 2022 Financial ResultsOctober 25, 2022 | finance.yahoo.comTenon Medical’s Catamaran(TM) SI Joint Fusion System Receives Institutional Review Board Approval for Two Strategic Post Market StudiesSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive TNON Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Tenon Medical and its competitors with MarketBeat's FREE daily newsletter. Email Address TNON Company Calendar Last Earnings3/10/2023Today5/31/2023Next Earnings (Estimated)8/10/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Surgical & medical instruments Sub-IndustryN/A SectorMedical Current SymbolNASDAQ:TNON CUSIPN/A CIK1560293 Webwww.tenonmed.com Phone408-649-5760FaxN/AEmployees8Year FoundedN/APrice 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 RatingBuy Rating Score (0-4)3.00 Research Coverage1 Analysts Profitability EPS (Most Recent Fiscal Year)($2.06) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-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 RatioN/A Current Ratio2.12 Quick Ratio1.97 Sales & Book Value Annual Sales$690,000.00 Price / Sales18.91 Cash FlowN/A Price / Cash FlowN/A Book Value$0.22 per share Price / Book5.27Miscellaneous Outstanding Shares11,250,000Free Float9,946,000Market Cap$13.05 million OptionableNot Optionable BetaN/A Key ExecutivesMr. Steven M. Foster (Age 56)CEO & Chairman Comp: $175kMr. Richard Ginn (Age 57)Founder, CTO & Director Comp: $160.42kMr. Steven M. Van Dick (Age 68)Exec. VP of Fin. & Admin. and CFO Comp: $160.42kMr. Richard M. Ferrari (Age 69)Exec. Chairman Key CompetitorsNEXGELNASDAQ:NXGLNephrosNASDAQ:NEPHInspireMDNYSE:NSPRVenus ConceptNASDAQ:VEROInspira Technologies Oxy B.H.N.NASDAQ:IINNView All CompetitorsInsiders & InstitutionsRichard GinnSold 64,990 sharesTotal: $81,887.40 ($1.26/share)Steven M FosterSold 27,791 sharesTotal: $35,016.66 ($1.26/share)Geode Capital Management LLCBought 101,978 shares on 5/16/2023Ownership: 0.906%BlackRock Inc.Bought 27,982 shares on 5/12/2023Ownership: 1.143%Renaissance Technologies LLCBought 41,000 shares on 5/12/2023Ownership: 0.364%View All Insider TransactionsView 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 Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Tenon Medical, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. 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