Tenon Medical Stock Price on November 14, 2024
| TNON Stock | USD 2.52 0.02 0.79% |
If you're considering investing in Tenon Stock, it is important to understand the factors that can impact its price. As of today, the current price of Tenon Medical stands at 2.52, as last reported on the 26th of November, with the highest price reaching 2.55 and the lowest price hitting 2.43 during the day. As of now, Tenon Stock is abnormally volatile. Tenon Medical owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0073, which indicates the firm had a 0.0073% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Tenon Medical, which you can use to evaluate the volatility of the company. Please validate Tenon Medical's Risk Adjusted Performance of 0.0107, semi deviation of 7.77, and Coefficient Of Variation of 62241.62 to confirm if the risk estimate we provide is consistent with the expected return of 0.11%.
At this time, Tenon Medical's Stock Based Compensation To Revenue is very stable compared to the past year. . At this time, Tenon Medical's Price Book Value Ratio is very stable compared to the past year. As of the 26th of November 2024, Price To Book Ratio is likely to grow to 3.87, while Price To Sales Ratio is likely to drop 0.93. Tenon Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Tenon |
Sharpe Ratio = 0.0073
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Estimated Market Risk
| 14.54 actual daily | 96 96% of assets are less volatile |
Expected Return
| 0.11 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.01 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Tenon Medical is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Tenon Medical by adding Tenon Medical to a well-diversified portfolio.
Price Book 1.7806 | Enterprise Value Ebitda (0.13) | Price Sales 2.3441 | Shares Float 441.2 K | Wall Street Target Price 8 |
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Tenon Medical Valuation on November 14, 2024
It is possible to determine the worth of Tenon Medical on a given historical date. On November 14, 2024 Tenon was worth 3.0 at the beginning of the trading date compared to the closed value of 2.81. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Tenon Medical stock. Still, in general, we apply an absolute valuation method to find Tenon Medical's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Tenon Medical where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Tenon Medical's related companies.
| Open | High | Low | Close | Volume | |
| 3.46 | 3.46 | 3.22 | 3.30 | 396,871 | |
11/14/2024 | 3.00 | 3.00 | 2.65 | 2.81 | 426,414 |
| 2.69 | 2.77 | 2.61 | 2.71 | 145,140 |
| Backtest Tenon Medical | | | Tenon Medical History | | | Tenon Medical Valuation | Previous | Next |
Tenon Medical Trading Date Momentum on November 14, 2024
| On November 15 2024 Tenon Medical was traded for 2.71 at the closing time. The top price for the day was 2.77 and the lowest listed price was 2.61 . The trading volume for the day was 145.1 K. The trading history from November 15, 2024 was a factor to the next trading day price decrease. The trading price change against the next closing price was 3.56% . The trading price change against the current closing price is 9.61% . |
Tenon Medical Fundamentals Correlations and Trends
By evaluating Tenon Medical's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Tenon Medical's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Tenon financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Tenon Medical Stock history
Tenon Medical investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Tenon is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Tenon Medical will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Tenon Medical stock prices may prove useful in developing a viable investing in Tenon Medical
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 226.8 K | 215.4 K | |
| Net Loss | -17 M | -16.2 M |
Tenon Medical Stock Technical Analysis
Tenon Medical technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Tenon Medical Period Price Range
Low | November 26, 2024
| High |
0.00 | 0.00 |
Tenon Medical cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Tenon Medical November 26, 2024 Market Strength
Market strength indicators help investors to evaluate how Tenon Medical stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Tenon Medical shares will generate the highest return on investment. By undertsting and applying Tenon Medical stock market strength indicators, traders can identify Tenon Medical entry and exit signals to maximize returns
Tenon Medical Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Tenon Medical's price direction in advance. Along with the technical and fundamental analysis of Tenon Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Tenon to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0107 | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (2.22) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.0231 |
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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tenon Medical. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons. To learn how to invest in Tenon Stock, please use our How to Invest in Tenon Medical guide.You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
Is Health Care Equipment & Supplies space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Tenon Medical. If investors know Tenon will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Tenon Medical listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share 287.92 | Revenue Per Share 9.442 | Quarterly Revenue Growth 0.213 | Return On Assets (1.10) | Return On Equity (15.99) |
The market value of Tenon Medical is measured differently than its book value, which is the value of Tenon that is recorded on the company's balance sheet. Investors also form their own opinion of Tenon Medical's value that differs from its market value or its book value, called intrinsic value, which is Tenon Medical's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Tenon Medical's market value can be influenced by many factors that don't directly affect Tenon Medical's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Tenon Medical's value and its price as these two are different measures arrived at by different means. Investors typically determine if Tenon Medical is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tenon Medical's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.