Riding the Waves: A Guide to Investing in TNON Stock

Tenon Medical Inc (TNON) stock is currently valued at $1.99. During the last session, the stock experienced a remarkable rise, reaching $2.455 after opening at $2.44. The stock briefly dropped to $1.80 before ultimately closing at $2.46.

Tenon Medical Inc experienced a somewhat shaky performance in the stock market. The company’s stock reached a 1-year high of $31.10 on 11/21/22, while the lowest price for the same period was registered at $0.77 on 11/01/23.

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52-week price history of TNON Stock

A stock’s 52-week high and low prices can reveal much about its current status and future trajectory. Tenon Medical Inc’s current trading price is -93.60% away from its 52-week high, while its distance from the 52-week low is 159.11%. The stock’s price range during this period has spanned from $0.77 to $31.10. In the Healthcare sector, the Tenon Medical Inc’s shares surpassed a trading volume of approximately 0.52 million for the day, which was noticeably lower compared to the average daily volume of 9.2.11 million over the past three months.

Market Capitalization and Financial Performance: An In-Depth Look

Tenon Medical Inc (TNON) has experienced a quarterly decline of -20.53% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 4.30M and boasts a workforce of 22 employees.

Making Sense of Trading Volume and Moving Average Data

Based on Barchart.com data, the company’s moving average over the 100-day period was 2.2767, with a change in price of -0.8100. Similarly, Tenon Medical Inc recorded 1,392,010 in trading volume during the last 100 days, posting a change of -28.93%.

Examining TNON’s Debt-to-Equity Ratio: What You Need to Know

The debt-to-equity (D/E) ratio is a crucial measure that sheds light on a company’s financial health and market standing. It is determined by dividing a company’s overall liabilities by its shareholders’ equity, showing the extent of a company’s debt usage in financing its assets compared to the shareholders’ equity. At the time of writing, the total D/E ratio for TNON stands at 0.29. Similarly, the long-term debt-to-equity ratio is also 0.19.

TNON Stock Stochastic Average

Today’s raw stochastic average for Tenon Medical Inc over the last 50 days is 31.08%.This indicates a increase from the raw stochastic average of the past 20 days, which was 31.08%. Moreover, the company’s Stochastic %K and %D values for the last 20 days were 41.51% and 49.67%, respectively.

TNON Stock Price Performance Analysis

Depending on how one views it, the stock price performance for the year has been a mixed bag, resulting in either an optimistic or pessimistic outlook. Until today this year the stock’s price performance recorded a decrease of -87.41%. However, over the last six months, the performance has been stronger by -88.63%. The price of TNON increased 33.11% over the last 30 days. And in the last five days, it has fallen by -17.43%.

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