Is Tenon Medical Stock a Good Investment?
Tenon Medical Investment Advice | TNON |
- Examine Tenon Medical's financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research Tenon Medical's leadership team and their track record. Good management can help Tenon Medical navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Health Care Equipment & Supplies space and any emerging trends that could impact Tenon Medical's business and its evolving consumer preferences.
- Compare Tenon Medical's performance and market position to its competitors. Analyze how Tenon Medical is positioned in terms of product offerings, innovation, and market share.
- Check if Tenon Medical pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about Tenon Medical's stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in Tenon Medical stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if Tenon Medical is a good investment.
Sell | Buy |
Strong Sell
Market Performance | Very Weak | Details | |
Volatility | Extremely Dangerous | Details | |
Hype Condition | Over hyped | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Very High | Details | |
Economic Sensitivity | Responds to the market | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Buy | Details | |
Financial Strenth (F Score) | Poor | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Examine Tenon Medical Stock
Researching Tenon Medical's stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). The company has price-to-book ratio of 1.47. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. Tenon Medical recorded earning per share (EPS) of 287.92. The entity had not issued any dividends in recent years. The firm had 1:8 split on the 6th of September 2024.
To determine if Tenon Medical is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Tenon Medical's research are outlined below:
| Tenon Medical generated a negative expected return over the last 90 days | |
| Tenon Medical has high historical volatility and very poor performance | |
| Tenon Medical may become a speculative penny stock | |
| Tenon Medical has a very high chance of going through financial distress in the upcoming years | |
| The company reported the previous year's revenue of 2.93 M. Net Loss for the year was (15.58 M) with loss before overhead, payroll, taxes, and interest of (641 K). | |
| Tenon Medical currently holds about 16.02 M in cash with (12.18 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.42. | |
| Tenon Medical has a poor financial position based on the latest SEC disclosures |
Tenon Medical uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Tenon Medical. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Tenon Medical's previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 14th of March 2024 Upcoming Quarterly Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View |
Earnings surprises can significantly impact Tenon Medical's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate. Below are the table of largest EPS Surprises Tenon Medical's investors have experienced.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2023-08-08 | 2023-06-30 | -0.38 | -0.33 | 0.05 | 13 | ||
2023-05-09 | 2023-03-31 | -0.37 | -0.43 | -0.06 | 16 | ||
2022-11-10 | 2022-09-30 | -0.47 | -0.28 | 0.19 | 40 | ||
2022-08-11 | 2022-06-30 | -0.2 | -0.65 | -0.45 | 225 | ||
2023-11-13 | 2023-09-30 | -2.8 | -2.28 | 0.52 | 18 | ||
2024-11-13 | 2024-09-30 | -4.23 | -3.63 | 0.6 | 14 | ||
2024-03-12 | 2023-12-31 | -1.38 | -0.68 | 0.7 | 50 |
Know Tenon Medical's Top Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Tenon Medical is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Tenon Medical backward and forwards among themselves. Tenon Medical's institutional investor refers to the entity that pools money to purchase Tenon Medical's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Qube Research & Technologies | 2024-06-30 | 0.0 | Vanguard Group Inc | 2024-09-30 | 0.0 | Geode Capital Management, Llc | 2024-09-30 | 0.0 | Jpmorgan Chase & Co | 2024-09-30 | 0.0 | Tmd Wealth Management, Llc | 2024-06-30 | 426.8 K | Spectrum Asset Management Inc | 2024-06-30 | 80.2 K | Royal Bank Of Canada | 2024-06-30 | 1.7 K | Morgan Stanley - Brokerage Accounts | 2024-09-30 | 753 | Tower Research Capital Llc | 2024-09-30 | 404 | Alphamark Advisors, Llc | 2024-09-30 | 50.0 | Bnp Paribas Arbitrage, Sa | 2024-09-30 | 25.0 |
Tenon Medical's market capitalization trends
The company currently falls under 'Nano-Cap' category with a current market capitalization of 6.52 M.Market Cap |
|
Tenon Medical's profitablity analysis
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | (2.46) | (2.58) | |
| Return On Capital Employed | (4.91) | (4.66) | |
| Return On Assets | (2.46) | (2.58) | |
| Return On Equity | (20.03) | (19.03) |
Determining Tenon Medical's profitability involves analyzing its financial statements and using various financial metrics to determine if Tenon Medical is a good buy. For example, gross profit margin measures Tenon Medical's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Tenon Medical's profitability and make more informed investment decisions.
Evaluate Tenon Medical's management efficiency
Tenon Medical has return on total asset (ROA) of (1.0952) % which means that it has lost $1.0952 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of (15.9862) %, meaning that it created substantial loss on money invested by shareholders. Tenon Medical's management efficiency ratios could be used to measure how well Tenon Medical manages its routine affairs as well as how well it operates its assets and liabilities. As of the 13th of December 2024, Return On Tangible Assets is likely to drop to -2.58. In addition to that, Return On Capital Employed is likely to grow to -4.66. At this time, Tenon Medical's Net Tangible Assets are very stable compared to the past year. As of the 13th of December 2024, Other Current Assets is likely to grow to about 408.4 K, while Total Assets are likely to drop about 6 M.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 3.43 | 3.60 | |
| Tangible Book Value Per Share | 3.43 | 3.60 | |
| Enterprise Value Over EBITDA | (0.15) | (0.16) | |
| Price Book Value Ratio | 3.68 | 3.87 | |
| Enterprise Value Multiple | (0.15) | (0.16) | |
| Price Fair Value | 3.68 | 3.87 |
The management team at Tenon Medical has a track record of steering the company towards sustained growth. Evaluating their strategies helps in understanding the stock's long-term potential.
Beta 2.162 |
Basic technical analysis of Tenon Stock
As of the 13th of December 2024, Tenon Medical has the Semi Deviation of 6.46, risk adjusted performance of 0.0136, and Coefficient Of Variation of 17497.85. In relation to fundamental indicators, the technical analysis model makes it possible for you to check existing technical drivers of Tenon Medical, as well as the relationship between them.Tenon Medical's insider trading activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Tenon Medical insiders, such as employees or executives, is commonly permitted as long as it does not rely on Tenon Medical's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Tenon Medical insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Van Dick Steven M over two months ago Insider Trading | ||
Richard Ferrari over three months ago Discretionary transaction by Richard Ferrari of 13670 shares of Tenon Medical at 0.62 subject to Rule 16b-3 | ||
Kevin Williamson over three months ago Insider Trading | ||
Fischer Frank M over six months ago Disposition of tradable shares by Fischer Frank M of Tenon Medical subject to Rule 16b-3 | ||
Jacques Kristine M over six months ago Insider Trading | ||
Steven Foster over six months ago Conversion by Steven Foster of 3624 shares of Tenon Medical | ||
Van Dick Steven M over a year ago Purchase by Van Dick Steven M of 50000 shares of Tenon Medical | ||
Richard Ferrari over a year ago Exercise or conversion by Richard Ferrari of 91300 shares of Tenon Medical subject to Rule 16b-3 |
Tenon Medical's Outstanding Corporate Bonds
Tenon Medical issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Tenon Medical uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Tenon bonds can be classified according to their maturity, which is the date when Tenon Medical has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
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| MPLX LP 52 Corp BondUS55336VAL45 | View | |
| Morgan Stanley 3591 Corp BondUS61744YAK47 | View | |
| Morgan Stanley 3971 Corp BondUS61744YAL20 | View |
Understand Tenon Medical's technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing Tenon Medical's various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | 0.0136 | |||
| Market Risk Adjusted Performance | 0.0611 | |||
| Mean Deviation | 6.73 | |||
| Semi Deviation | 6.46 | |||
| Downside Deviation | 6.61 | |||
| Coefficient Of Variation | 17497.85 | |||
| Standard Deviation | 13.1 | |||
| Variance | 171.72 | |||
| Information Ratio | (0) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (1.77) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.0511 | |||
| Maximum Drawdown | 90.53 | |||
| Value At Risk | (14.29) | |||
| Potential Upside | 20.7 | |||
| Downside Variance | 43.69 | |||
| Semi Variance | 41.76 | |||
| Expected Short fall | (12.42) | |||
| Skewness | 3.4 | |||
| Kurtosis | 15.1 |
| Risk Adjusted Performance | 0.0136 | |||
| Market Risk Adjusted Performance | 0.0611 | |||
| Mean Deviation | 6.73 | |||
| Semi Deviation | 6.46 | |||
| Downside Deviation | 6.61 | |||
| Coefficient Of Variation | 17497.85 | |||
| Standard Deviation | 13.1 | |||
| Variance | 171.72 | |||
| Information Ratio | (0) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (1.77) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.0511 | |||
| Maximum Drawdown | 90.53 | |||
| Value At Risk | (14.29) | |||
| Potential Upside | 20.7 | |||
| Downside Variance | 43.69 | |||
| Semi Variance | 41.76 | |||
| Expected Short fall | (12.42) | |||
| Skewness | 3.4 | |||
| Kurtosis | 15.1 |
Consider Tenon Medical's intraday indicators
Tenon Medical intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Tenon Medical stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
| Accumulation Distribution | 9822.09 | |||
| Daily Balance Of Power | (0.90) | |||
| Rate Of Daily Change | 0.96 | |||
| Day Median Price | 2.01 | |||
| Day Typical Price | 1.99 | |||
| Price Action Indicator | (0.1) | |||
| Period Momentum Indicator | (0.09) |
Tenon Medical Corporate Filings
10Q | 14th of November 2024 Quarterly performance report mandated by Securities and Exchange Commission (SEC), to be filed by publicly traded corporations | ViewVerify |
| 12th of November 2024 Other Reports | ViewVerify | |
| 4th of November 2024 Other Reports | ViewVerify | |
S1 | 17th of October 2024 Report filed by companies planning on going public to register their securities with the U.S. Securities and Exchange Commission (SEC) | ViewVerify |
Tenon Stock media impact
Far too much social signal, news, headlines, and media speculation about Tenon Medical that are available to investors today. That information is available publicly through Tenon media outlets and privately through word of mouth or via Tenon internal channels. However, regardless of the origin, that massive amount of Tenon data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of Tenon Medical news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of Tenon Medical relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to Tenon Medical's headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive Tenon Medical alpha.
Tenon Medical Sentiment by Major News Outlets
Investor sentiment, mood or attitude towards Tenon Medical can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
Tenon Medical Corporate Executives
Elected by the shareholders, the Tenon Medical's board of directors comprises two types of representatives: Tenon Medical inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Tenon. The board's role is to monitor Tenon Medical's management team and ensure that shareholders' interests are well served. Tenon Medical's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Tenon Medical's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Steven Dick | Executive CFO | Profile |
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 Latest Portfolios module to quick portfolio dashboard that showcases your latest 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.
In summary, please note that there is a difference between Tenon Medical's value and its price, as these two are different measures arrived at by various 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.