Tenon Medical Inc [NASDAQ: TNON] stock went on a downward path that fall over -4.19% on Thursday, amounting to a one-week price increase of more than 14.32%.
Over the last 12 months, TNON stock dropped by -64.30%. The one-year Tenon Medical Inc stock forecast points to a potential upside of 77.14. The average equity rating for TNON stock is currently 1.00, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $2.87 million, with 2.60 million shares outstanding and 0.50 million shares in the current float. Compared to the average trading volume of 1.14M shares, TNON stock reached a trading volume of 3078688 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Tenon Medical Inc [TNON]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for TNON shares is $22.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on TNON stock is a recommendation set at 1.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
The Average True Range (ATR) for Tenon Medical Inc is set at 1.71, with the Price to Sales ratio for TNON stock in the period of the last 12 months amounting to 0.85.
TNON Stock Performance Analysis:
Tenon Medical Inc [TNON] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 14.32. With this latest performance, TNON shares gained by 31.84% in over the last four-week period, additionally sinking by -38.96% over the last 6 months – not to mention a drop of -64.30% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for TNON stock in for the last two-week period is set at 51.76, with the RSI for the last a single of trading hit 50.95, and the three-weeks RSI is set at 51.49 for Tenon Medical Inc [TNON]. The present Moving Average for the last 50 days of trading for this stock 4.66, while it was recorded at 6.36 for the last single week of trading, and 7.51 for the last 200 days.
Insight into Tenon Medical Inc Fundamentals:
Tenon Medical Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.02 and a Current Ratio set at 1.20.
TNON Stock EPS
With the latest financial reports released by the company, Tenon Medical Inc posted -11.68/share EPS, while the average EPS was predicted by analysts to be reported at -22.4/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 10.72. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for TNON.
Tenon Medical Inc [TNON] Institutonal Ownership Details
There are presently around $199.46%, or 226.30%% of TNON stock, in the hands of institutional investors.
