Tenon Medical Inc experienced a rather shaky stock market performance. The highest value in the past year was recorded at $37.60 on 11/08/23 and the lowest value was $2.80 on 08/14/24.
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 -91.33% away from its 52-week high, while its distance from the 52-week low is 16.43%. The stock’s price range during this period has spanned from $2.80 to $37.60. In the Healthcare sector, the Tenon Medical Inc’s shares surpassed a trading volume of approximately 2.07 million for the day, which was noticeably lower compared to the average daily volume of 9.2.12 million over the past three months.
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Market Capitalization and Financial Performance: An In-Depth Look
Tenon Medical Inc (TNON) has experienced a quarterly decline of -28.86% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 1.66M and boasts a workforce of 21 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 4.60, with a change in price of -1.86. Similarly, Tenon Medical Inc recorded 1,404,976 in trading volume during the last 100 days, posting a change of -36.33%.
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 0.67. Similarly, the long-term debt-to-equity ratio is also 0.35.
TNON Stock Stochastic Average
Today’s raw stochastic average for Tenon Medical Inc over the last 50 days is 2.94%.This indicates a increase from the raw stochastic average of the past 20 days, which was 2.83%. Moreover, the company’s Stochastic %K and %D values for the last 20 days were 14.02% and 19.80%, respectively.
TNON Stock Price Performance Analysis
The stock price performance for the year has been a mixed bag, indicating either a pessimistic or optimistic outlook depending on how you look at it. The metric has seen a significant loss of -74.21% since the start of this calendar year. Looking back over the last six months, we can see a stronger performance of -47.72%. Over the past 30 days, the price of TNON has leaped by -24.71%. And in the last five days, it has fallen by -17.05%.
