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Friday, September 29, 2023

Today, Tenon Medical Inc. (NASDAQ: TNON) Takes Center Stage

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Tenon Medical Inc. (TNON) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $0.20. The Tenon Medical Inc. has recorded 103,921 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Tenon Medical(R) Announces Expanded Physician Use of New JIB Instrument Kit for Company’s Catamaran(R) SI Joint Fusion System.

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Stocks Info

The company is listed on the NASDAQ and operates within the Medical Devices industry segment. At the end of the last regular session, the stock closed at $0.20 and fluctuated between $0.2080 as its day high and $0.1710 as its day low. The current market capitalization of Tenon Medical Inc. is $4.56M. A total of 6.65 million shares were traded on the day, compared to an average of 1.71M shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, TNON has seen 1 BUY and 0 SELL insider trades, representing the acquisition of 50,000 and the disposition of 0 shares. Over the last 12 months, there were 9 BUYs and 2 SELLs from insiders. Insiders purchased 419,346 shares during that period but sold 92,781.

In the most recent transaction, VAN DICK STEVEN M bought 50,000 shares of TNON for 0.27 per share on Jun 14. After the transaction, the Chief Financial Officer now owns 100,416 company shares. In a previous transaction on May 23, GINN RICHARD sold 64,990 shares at 1.26 per share. TNON shares that Chief Technology Officer owns now total 85,318.

Among the insiders who sold shares, FOSTER STEVEN M disposed of 27,791 shares on May 23 at a per-share price of $1.26. This resulted in the CEO and President holding 44,686 shares of TNON after the transaction.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for TNON in the last 3 months, the mean price target is $3.00 with high estimates of $3.00 and low estimates of $3.00. In terms of 52-week highs and lows, TNON has a high of $3.11 and a low of $0.14.

As of this writing, TNON has an earnings estimate of -$0.32 per share for the current quarter. EPS was calculated based on a consensus of 1 estimates, with a high estimate of -$0.32 per share and a lower estimate of -$0.32. The company reported an EPS of -$0.43 in the last quarter, which was -16.20% lower than expectations of -$0.37.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. TNON’s latest balance sheet shows that the firm has $7.32M in Cash & Short Term Investments as of fiscal 2021. There were $14.62M in debt and $15.27M in liabilities at the time. Its Book Value Per Share was $0.07, while its Total Shareholder’s Equity was -$20.55M.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for TNON is Buy with a score of 0.00.

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