Tenon Medical Stock Buy Hold or Sell Recommendation

TNON Stock  USD 0.75  0.01  1.51%   
Given the investment horizon of 90 days and your complete indifference towards market risk, our recommendation regarding Tenon Medical is 'Strong Hold'. Macroaxis provides Tenon Medical buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding TNON positions. The advice algorithm takes into account all of Tenon Medical's available fundamental, technical, and predictive indicators you will find on this site. Key drivers impacting Tenon Medical's buy or sell advice are summarized below:
Real Value
0.73
Target Price
1.8
Hype Value
0.76
Market Value
0.75
Naive Value
0.74
A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell Tenon Medical given historical horizon and risk tolerance towards Tenon Medical. When Macroaxis issues a 'buy' or 'sell' recommendation for Tenon Medical, the advice is generated through an automated system that utilizes algorithms and statistical models.
  
Check out Tenon Medical Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool.
To learn how to invest in Tenon Stock, please use our How to Invest in Tenon Medical guide.
In addition, we conduct extensive research on individual companies such as Tenon and provide practical buy, sell, or hold advice based on investors' investing horizon and their risk tolerance towards Tenon Medical. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons.

Execute Tenon Medical Buy or Sell Advice

The Tenon recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Tenon Medical. Macroaxis does not own or have any residual interests in Tenon Medical or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Tenon Medical's advice using the current market data and latest reported fundamentals.

Time Horizon

Risk Tolerance

Execute Advice
Sell Tenon MedicalBuy Tenon Medical
Buy

Market Performance

Very WeakDetails

Volatility

Abnormally volatileDetails

Hype Condition

StaleDetails

Current Valuation

Fairly ValuedDetails

Odds Of Distress

Very HighDetails

Economic Sensitivity

Moves indifferently to market movesDetails

Investor Sentiment

AlarmedDetails

Analyst Consensus

Strong BuyDetails

Reporting Quality (M-Score)

UnavailableDetails
For the selected time horizon Tenon Medical has a Risk Adjusted Performance of (0.04), Jensen Alpha of (0.67), Total Risk Alpha of (1.27) and Treynor Ratio of (0.24)
We provide advice to complement the current expert consensus on Tenon Medical. Our dynamic recommendation engine harnesses a multidimensional algorithm to analyze the firm's potential to grow using all technical and fundamental data available at the time. To make sure Tenon Medical is not overpriced, please validate all Tenon Medical fundamentals, including its ebitda and the relationship between the debt to equity and total asset . As Tenon Medical appears to be a penny stock we also recommend to double-check its number of shares shorted numbers.

Tenon Medical Trading Alerts and Improvement Suggestions

Tenon Medical generated a negative expected return over the last 90 days
Tenon Medical has high historical volatility and very poor performance
Tenon Medical has some characteristics of a very 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, which can makes it an attractive takeover target, given it will continue generating positive cash flow.
Latest headline from insidermonkey.com: Tenon Medical, Inc. Q1 2024 Earnings Call Transcript

Tenon Medical Returns Distribution Density

The distribution of Tenon Medical's historical returns is an attempt to chart the uncertainty of Tenon Medical's future price movements. The chart of the probability distribution of Tenon Medical daily returns describes the distribution of returns around its average expected value. We use Tenon Medical price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Tenon Medical returns is essential to provide solid investment advice for Tenon Medical.
Mean Return
-0.51
Value At Risk
-10.4
Potential Upside
8.74
Standard Deviation
6.36
   Return Density   
       Distribution  
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Tenon Medical historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.

Tenon Stock 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 originates 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
Jpmorgan Chase & Co2023-12-31
1.0
State Street Corporation2023-12-31
0.0
Susquehanna International Group, Llp2023-12-31
0.0
Millennium Management Llc2023-12-31
0.0
Cubist Systematic Strategies, Llc2023-12-31
0.0
Two Sigma Securities, Llc2023-12-31
0.0
Commerce Bank Na/mo2023-12-31
0.0
Hrt Financial Llc2023-12-31
0.0
Tmd Wealth Management, Llc2024-03-31
428.8 K
Spectrum Asset Management Inc2024-03-31
83.3 K
Vanguard Group Inc2024-03-31
23.9 K
Note, although Tenon Medical's institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

Tenon Medical Greeks

Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Tenon Medical or Health Care Equipment & Supplies sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Tenon Medical's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Tenon stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α
Alpha over NYSE Composite
-0.67
β
Beta against NYSE Composite2.15
σ
Overall volatility
6.28
Ir
Information ratio -0.09

Tenon Medical Volatility Alert

Tenon Medical is displaying above-average volatility over the selected time horizon. Tenon Medical is a potential penny stock. Although Tenon Medical may be in fact a good instrument to invest, many penny stocks are speculative in nature and are subject to artificial price hype. Please make sure you totally understand the upside potential and downside risk of investing in Tenon Medical. We encourage investors to look for signals such as email spams, message board hypes, claims of breakthroughs, volume upswings, sudden news releases, promotions that are not reported, or demotions released before SEC filings. Please also check biographies and work history of current and past company officers before investing in high volatility instruments, penny stocks, or equities with microcap classification. You can indeed make money on Tenon instrument if you perfectly time your entry and exit. However, remember that penny stocks that have been the subject of artificial hype usually unable to maintain their increased share price for more than just a few days. The price of a promoted high volatility instrument will almost always revert back. The only way to increase shareholder value is through legitimate performance backed up by solid fundamentals.

Tenon Medical Fundamentals Vs Peers

Comparing Tenon Medical's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Tenon Medical's direct or indirect competition across all of the common fundamentals between Tenon Medical and the related equities. This way, we can detect undervalued stocks with similar characteristics as Tenon Medical or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Tenon Medical's fundamental indicators could also be used in its relative valuation, which is a method of valuing Tenon Medical by comparing valuation metrics with those of similar companies.
    
 Better Than Average     
    
 Worse Than Average Compare Tenon Medical to competition
FundamentalsTenon MedicalPeer Average
Return On Equity-4.43-0.31
Return On Asset-1.13-0.14
Operating Margin(3.89) %(5.51) %
Current Valuation3.08 M16.62 B
Shares Outstanding3.73 M571.82 M
Shares Owned By Insiders10.51 %10.09 %
Shares Owned By Institutions13.23 %39.21 %
Number Of Shares Shorted20.81 K4.71 M
Price To Book3.84 X9.51 X
Price To Sales1.02 X11.42 X
Revenue2.93 M9.43 B
Gross Profit(641 K)27.38 B
EBITDA(15.3 M)3.9 B
Net Income(15.58 M)570.98 M
Cash And Equivalents16.02 M2.7 B
Cash Per Share1.42 X5.01 X
Total Debt1.86 M5.32 B
Debt To Equity0.07 %48.70 %
Current Ratio7.54 X2.16 X
Book Value Per Share0.30 X1.93 K
Cash Flow From Operations(12.18 M)971.22 M
Short Ratio0.79 X4.00 X
Earnings Per Share(85.90) X3.12 X
Target Price3.5
Number Of Employees2118.84 K
Beta2.21-0.15
Market Capitalization2.82 M19.03 B
Total Asset6.34 M29.47 B
Retained Earnings(55.07 M)9.33 B
Working Capital6.82 M1.48 B
Net Asset6.34 M
Note: Disposition of tradable shares by Fischer Frank M of Tenon Medical subject to Rule 16b-3 [view details]

Tenon Medical Market Momentum

Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Tenon . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.

About Tenon Medical Buy or Sell Advice

When is the right time to buy or sell Tenon Medical? Buying financial instruments such as Tenon Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
 2021 2022 2023 2024 (projected)
Short and Long Term Debt Total14.6M911K1.9M1.8M
Total Assets9.3M11.1M6.3M6.0M

Use Investing Ideas to Build Portfolios

In addition to having Tenon Medical in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Did You Try This Idea?

Run Electronics Thematic Idea Now

Electronics
Electronics Theme
Companies manufacturing electronic appliances and goods. The Electronics theme has 39 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Electronics Theme or any other thematic opportunities.
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When determining whether Tenon Medical offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Tenon Medical's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Tenon Medical Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Tenon Medical Stock:
Check out Tenon Medical Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool.
To learn how to invest in Tenon Stock, please use our How to Invest in Tenon Medical guide.
You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.

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When running Tenon Medical's price analysis, check to measure Tenon Medical's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Tenon Medical is operating at the current time. Most of Tenon Medical's value examination focuses on studying past and present price action to predict the probability of Tenon Medical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tenon Medical's price. Additionally, you may evaluate how the addition of Tenon Medical to your portfolios can decrease your overall portfolio volatility.
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Is Tenon Medical's industry 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
(85.90)
Revenue Per Share
1.614
Quarterly Revenue Growth
1.917
Return On Assets
(1.13)
Return On Equity
(4.43)
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.