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 year. 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 target for 2024?

1 analysts have issued 12-month target prices for Tenon Medical's stock. Their TNON share price targets range from $3.00 to $3.00. On average, they anticipate the company's share price to reach $3.00 in the next twelve months. This suggests a possible upside of 300.0% 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 2024?

Tenon Medical's stock was trading at $1.58 on January 1st, 2024. Since then, TNON stock has decreased by 52.5% and is now trading at $0.75. View the best growth stocks for 2024 here .

Are investors shorting Tenon Medical?

Tenon Medical saw a drop in short interest in March. As of March 31st, there was short interest totaling 104,000 shares, a drop of 68.9% from the March 15th total of 334,000 shares. Based on an average daily volume of 252,300 shares, the short-interest ratio is currently 0.4 days. Approximately 3.3% of the company's stock are sold short. 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 Tuesday, May 14th 2024. View our TNON earnings forecast .

How were Tenon Medical's earnings last quarter?

Tenon Medical, Inc. (NASDAQ:TNON) posted its earnings results on Tuesday, March, 12th. The company reported ($0.68) EPS for the quarter. The business earned $0.81 million during the quarter. Tenon Medical had a negative trailing twelve-month return on equity of 934.11% and a negative net margin of 532.14%.

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.

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 .

NASDAQ:TNON

Tenon Medical (TNON) Stock Price, News & Analysis

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$0.75

-0.02 (-2.60%)

(As of 04/18/2024 ET)

Compare

Today's Range: $0.75
▼
$0.80
50-Day Range: $0.73
▼
$1.45
52-Week Range: $0.71
▼
$23.00

Volume: 9,055 shs
Average Volume: 222,109 shs
Market Capitalization: $2.80 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $3.00

Get Tenon Medical alerts:

Tenon Medical MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 300.0% Upside
$3.00 Price Target
Short Interest: Healthy
3.32% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: -0.50
Based on 2 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.37 out of 5 stars

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.
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
3.32% 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 0.4, 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 68.86%, 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.

0.8

News and Social Media Coverage

News Sentiment
Tenon Medical has a news sentiment score of -0.50. 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 0.53 average news sentiment score of Medical companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for Tenon Medical this week, compared to 1 article on an average week.

0.0

Company Ownership

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 8.40% 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.

0.0

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Tenon Medical is -0.08, 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 -0.08, 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 2.50. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About Tenon Medical Stock (NASDAQ:TNON)

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 stabilizes and transfixes the SI joints. Tenon Medical, Inc. was incorporated in 2012 and is headquartered in Los Gatos, California.

TNON Stock Price History

30 days | 90 days | 365 days | Advanced Chart

TNON Stock News Headlines

April 16, 2024 | americanbankingnews.com

Tenon Medical (NASDAQ:TNON) Given New $3.00 Price Target at Benchmark

March 28, 2024 | finanznachrichten.de

Tenon Medical, Inc.: Tenon Medical Appoints Kristine Jacques to its Board of Directors

April 19, 2024 | InvestorPlace (Ad)

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March 27, 2024 | finance.yahoo.com

Tenon(R) Medical Announces Positive Fusion Results in First Patients Reaching 12-Month Follow Up in an IRB Approved, Multi-Centered, Post-Market Study Utilizing the Catamaran(R) SI Joint Fusion System

March 14, 2024 | seekingalpha.com

Tenon Medical, Inc (TNON) Q4 2023 Earnings Call Transcript

March 14, 2024 | markets.businessinsider.com

Buy Rating Affirmed for Tenon Medical on Strong Market Penetration and Strategic Growth Initiatives

March 13, 2024 | theglobeandmail.com

Healthcare Stock Bid Up Before Opening Bell

March 13, 2024 | finance.yahoo.com

Tenon Medical, Inc. (NASDAQ:TNON) Q4 2023 Earnings Call Transcript

April 19, 2024 | InvestorPlace (Ad)

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March 13, 2024 | benzinga.com

Why SurgePays Shares Are Trading Lower By Around 15%; Here Are 20 Stocks Moving Premarket

March 13, 2024 | finance.yahoo.com

Q4 2023 Tenon Medical Inc Earnings Call

March 12, 2024 | finanznachrichten.de

Tenon Medical, Inc.: Tenon Medical Reports Fourth Quarter and Full Year 2023 Financial Results

March 12, 2024 | msn.com

Tenon Medical GAAP EPS of -$8.59 beats by $1.13, revenue of $2.93M misses by $0.25M

March 12, 2024 | benzinga.com

Recap: Tenon Medical Q4 Earnings

February 24, 2024 | morningstar.com

Tenon Medical Inc TNON

February 22, 2024 | benzinga.com

Tenon Medical Stock (NASDAQ:TNON), Short Interest Report

February 22, 2024 | finance.yahoo.com

Tenon Medical, Inc. Announces Issuance of Notice of Allowance of Patent Application Which Further Enhances Important Claims for its Sacroiliac Joint Implant

February 21, 2024 | finanznachrichten.de

Tenon Medical, Inc. Issues Approximately $3.85 Million in Series A Preferred Stock

February 21, 2024 | finance.yahoo.com

CORRECTION: Tenon Medical, Inc. Issues Approximately $3.85 Million in Series A Preferred Stock

February 21, 2024 | finance.yahoo.com

Tenon Medical, Inc. Raises Approximately $2.6 Million in Series A Preferred Stock

January 8, 2024 | finance.yahoo.com

Tenon Medical, Inc. Announces Second Adjournment of Special Meeting of Stockholders

December 22, 2023 | finance.yahoo.com

Tenon Medical, Inc. Announces Adjournment of Special Meeting of Stockholders

December 20, 2023 | finance.yahoo.com

Tenon Medical Announces Participation in Two Key Immersive Webinar Physician Training Programs Featuring the Company’s Catamaran(R) SI Joint Fusion System

November 21, 2023 | finance.yahoo.com

Tenon Medical Announces Closing of $1.25 Million Secured Note Financing

November 14, 2023 | finance.yahoo.com

Tenon Medical Reports Third Quarter 2023 Financial Results

November 3, 2023 | msn.com

Why Tenon Medical (TNON) Stock Is Skyrocketing Today

November 3, 2023 | finance.yahoo.com

Tenon Medical Passes FDA Level 2 Inspection

See More Headlines

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Company Calendar

Last Earnings: 3/12/2024
Today: 4/18/2024
Next Earnings (Estimated): 5/14/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Medical
Industry: Surgical & medical instruments
Sub-Industry: N/A
Current Symbol: NASDAQ:TNON
CUSIP: N/A
CIK: 1560293
Web: www.tenonmed.com
Phone: 408-649-5760
Fax: N/A
Employees: 21
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $3.00
High Stock Price Target: $3.00
Low Stock Price Target: $3.00
Potential Upside/Downside: +300.0%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($9.74)
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: -532.14%
Pretax Margin: -532.14%
Return on Equity: -934.11%
Return on Assets: -200.10%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 1.24
Quick Ratio: 1.06

Sales & Book Value

Annual Sales: $2.93 million
Price / Sales: 0.95
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $0.30 per share
Price / Book: 2.50

Miscellaneous

Outstanding Shares: 3,730,000
Free Float: 3,414,000
Market Cap: $2.80 million
Optionable: Not Optionable
Beta: 2.24

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Key Executives

Mr. Richard M. Ferrari (Age 70)
Founder & Executive Chairman
Mr. Steven M. Foster (Age 56)
CEO, President & Director
Comp: $487.6k
Mr. Richard Ginn (Age 58)
Founder, CTO & Director
Comp: $350.23k
Mr. Steven M. Van Dick (Age 69)
Executive VP of Finance & Administration and CFO
Comp: $385.23k

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

TNON Stock Analysis - 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 year. 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 target for 2024?: 1 analysts have issued 12-month target prices for Tenon Medical's stock. Their TNON share price targets range from $3.00 to $3.00. On average, they anticipate the company's share price to reach $3.00 in the next twelve months. This suggests a possible upside of 300.0% 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 2024?: Tenon Medical's stock was trading at $1.58 on January 1st, 2024. Since then, TNON stock has decreased by 52.5% and is now trading at $0.75.
View the best growth stocks for 2024 here.
Are investors shorting Tenon Medical?: Tenon Medical saw a drop in short interest in March. As of March 31st, there was short interest totaling 104,000 shares, a drop of 68.9% from the March 15th total of 334,000 shares. Based on an average daily volume of 252,300 shares, the short-interest ratio is currently 0.4 days. Approximately 3.3% of the company's stock are sold short.
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 Tuesday, May 14th 2024.
View our TNON earnings forecast.
How were Tenon Medical's earnings last quarter?: Tenon Medical, Inc. (NASDAQ:TNON) posted its earnings results on Tuesday, March, 12th. The company reported ($0.68) EPS for the quarter. The business earned $0.81 million during the quarter. Tenon Medical had a negative trailing twelve-month return on equity of 934.11% and a negative net margin of 532.14%.
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.
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.

This page (NASDAQ:TNON) was last updated on 4/19/2024 by MarketBeat.com Staff

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Tenon Medical (TNON) Stock Price, News & Analysis

Tenon Medical MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Company Ownership

Earnings and Valuation

About Tenon Medical Stock (NASDAQ:TNON)

TNON Stock Price History

TNON Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

TNON Stock Analysis - Frequently Asked Questions

Overall MarketRank^™