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How to Buy Tenon Medical Stock

Tenon Medical Inc

Tenon Medical, Inc. , a medical device company, develops surgical implant systems to optimize sacroiliac joint fixation/fusion surgery and corresponding outcomes.

Tenon Medical stock last closed at $0.90, down 5.76% from the previous day, and has decreased 95.26% in one year. It has underperformed other stocks in the Medical Devices industry by 0.9 percentage points. Tenon Medical stock is currently +17.19% from its 52-week low of $0.77, and -96.09% from its 52-week high of $23.00.

As of Mar 27, 2024, there are 2.47M TNON shares outstanding. The market capitalization of TNON is $2.22M. In the last 24 hours, 98,252 TNON shares were traded.

How to Buy Tenon Medical Stock

Not sure how to invest in Tenon Medical stock? Here's how.
  1. Choose where to buy Tenon Medical stock: You need to pick an online brokerage, but don't worry - we've sifted through dozens of online brokerages and apps to help you figure out where to buy Tenon Medical stock.
  2. Create a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
  3. Deposit funds into your brokerage account: Select your payment method and add your info.
  4. Evaluate Tenon Medical stock: The Tenon Medical ticker symbol is TNON. Is Tenon Medical stock a good investment? Should you buy shares of TNON? How do TNON's underlying business fundamentals look? Do top analysts think Tenon Medical is a good buy? Why has TNON's stock price moved recently? (Hint: Our stock market analysis website can help you figure out if TNON is a good stock to buy).
  5. Make your TNON trade: Decide if you will purchase TNON shares at the current market price or use a limit order to purchase TNON shares at a given price.
  6. Track your TNON position: Create a watchlist to track your investment in Tenon Medical shares.

Step 1: Choose where to buy Tenon Medical stock

You need a brokerage account to access the NASDAQ market and buy TNON stock.

A brokerage account allows you to buy and sell a variety of investments, including stocks, bonds, mutual funds, and ETFs.

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Step 2: Create a brokerage account

Now that you've chosen the right brokerage, it's time to fill out some personal info so you are able to invest in TNON today.

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Step 3: Deposit funds into your brokerage account

Now that you have created your account on one of the most highly reviewed stock apps, you can securely and quickly fund your account:

Watch the tutorial below to see the process of transferring money into your investment account.

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Step 4: Evaluate Tenon Medical stock

Once you have decided on the best place to buy Tenon Medical stock, it's absolutely critical to analyze their stock before you invest, so you can wrap your head around the risk as well as the upside.

Tenon Medical Numbers

TNON Price
$0.90
1w %
-12.62%
1y %
-95.26%
5y %
N/A
P/E
-0.05x
P/B
0.88x
P/S
0.85x
PEG
N/A
Revenue
$2.40M
Earnings
-$20.35M
Fore. Rev. Growth
N/A
Fore. Earn. Growth
N/A
Market Cap
$2.22M
Next Earnings
N/A
Next Dividend
N/A

Tenon Medical Due Diligence Checks

WallStreetZen was designed to help average investors do more accurate fundamental analysis in minutes instead of hours.

You can view all of the due diligence checks on TNON's stock page.

What is the fair value of TNON stock?

Analysts use a variety of different financial metrics, analyses, models, and charts to gauge TNON's fair value.

Using relative valuations measures:

  • TNON could be undervalued based on its P/B ratio of 0.88x, relative to Medical Devices industry P/B ratio of 4.1x

You can do additional valuation analysis on TNON's stock here.

TNON Financial Health Overview

Positive Health Checks:

  • There are more short-term assets than long-term liabilities on the TNON balance sheet.
  • There are more short-term assets than short-term liabilities on the TNON balance sheet.

Negative Health Checks:

  • TNON has $3.42M in cash and short term investments. This is not sufficient to cover its annual cash burn of $14.16M.
  • TNON profit margin has gone up by 21.18 percentage points in the past year, but the company is still unprofitable.
  • TNON has a relatively high debt to equity ratio of 1.91.
  • TNON has cash burn of 14160000. It does not have sufficient cash and short-term investments to cover this.

TNON Trading Indicators

SMA10
1.03
SMA20
1.15
SMA50
1.19
SMA100
1.52
SMA200
1.97
MACD
-0.07
MACD Signal
-0.05
MACD Histogram
-0.03
RSI
36.1
Stochastic %K
8.38
Stochastic %D
11.5
StochRSI %K
0
StochRSI %D
3.77

How is TNON performing as a company?

Last year, TNON revenue was $2.40M. Over the past 1 years, TNON's revenue has increased by 413.28% per year. This was faster than the Medical Devices industry average of 13.08%.

Dig into TNON's earnings and revenue performance here.

Are TNON insiders buying or selling the stock?

Over the past 12 months, executives and large shareholders at TNON have bought more shares than they have sold.

Steven M. Foster, CEO and President of TNON, was the latest TNON insider to sell. They sold $1,802.00 worth of TNON stock on Nov 27, 2023.

Learn more about who owns TNON shares here.

Does TNON stock generate passive income?

No, Tenon Medical doesn't provide an income stream by paying out dividends.

What others are saying about TNON

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Step 5: Make your TNON trade

There are two primary types of orders:

  • Market order: A market order is an order to buy or sell a stock at the best available price.
    Market orders are generally sufficient.
  • Limit order: A limit order allows you to buy or sell a security at a specific price (or better).
    If you want to ensure you're buying or selling at a specific price, place a limit order.

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Step 6: Track your TNON position

Now that you own some shares in TNON, you'll want to stay up-to-date on your investment.

Start a watchlist to track the latest developments regarding your TNON stock.

TNON Feed

How to Buy Stock in Tenon Medical

To reiterate, here are the 6 steps to buy stock in Tenon Medical:

  1. Choose where to buy Tenon Medical stock
  2. Create a brokerage account
  3. Deposit funds into your brokerage account
  4. Evaluate Tenon Medical stock
  5. Make your TNON trade
  6. Track your TNON position

If you need a brokerage account, eToro is our favorite venue.

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If you want to keep an eye on your new investment in Tenon Medical, add TNON to your watchlist below.

NASDAQ: TNON
$0.90-0.06 (-5.76%)
Updated Mar 27, 2024
Open eToro Account
NASDAQ: TNON
$0.90-0.06 (-5.76%)
Updated Mar 27, 2024
Open eToro Account

FAQ

How much does it cost to buy one Tenon Medical share?

As of Mar 27, 2024, it costs $0.90 to buy one share of Tenon Medical stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $0.45, you can buy 0.5 shares of TNON.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

What is the best way to buy Tenon Medical stock?

One way to place an order for Tenon Medical stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.