Tenon Medical Stock Net Income
| TNON Stock | USD 5.47 0.44 8.75% |
Tenon Medical fundamentals help investors to digest information that contributes to Tenon Medical's financial success or failures. It also enables traders to predict the movement of Tenon Stock. The fundamental analysis module provides a way to measure Tenon Medical's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Tenon Medical stock.
| Last Reported | Projected for Next Year | ||
| Net Loss | -17 M | -16.2 M | |
| Net Loss | -15.6 M | -14.8 M | |
| Net Loss | -20.4 M | -19.3 M | |
| Net Loss | (8.59) | (9.02) | |
| Net Income Per E B T | 0.91 | 0.81 |
Tenon | Net Income |
Tenon Medical Company Net Income Analysis
Tenon Medical's Net income is the profit of a company for the reporting period, which is derived after taking revenues and gains and subtracting all expenses and losses. Net income is one of the most-watched numbers by money managers as well as individual investors.
Current Tenon Medical Net Income | (15.58 M) |
Most of Tenon Medical's fundamental indicators, such as Net Income, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Tenon Medical is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Tenon Net Income Driver Correlations
Understanding the fundamental principles of building solid financial models for Tenon Medical is extremely important. It helps to project a fair market value of Tenon Stock properly, considering its historical fundamentals such as Net Income. Since Tenon Medical's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Tenon Medical's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Tenon Medical's interrelated accounts and indicators.
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
| Competition |
Tenon Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Income |
|
Based on the recorded statements, Tenon Medical reported net income of (15.58 Million). This is 104.57% lower than that of the Health Care Equipment & Supplies sector and 106.54% lower than that of the Health Care industry. The net income for all United States stocks is 102.73% higher than that of the company.
Tenon Net Income Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Tenon Medical's direct or indirect competition against its Net Income to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Tenon Medical could also be used in its relative valuation, which is a method of valuing Tenon Medical by comparing valuation metrics of similar companies.Tenon Medical is currently under evaluation in net income category among its peers.
Tenon Medical ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Tenon Medical's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Tenon Medical's managers, analysts, and investors.Environmental | Governance | Social |
Tenon Medical Institutional Holders
Institutional Holdings refers to the ownership stake in Tenon Medical that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Tenon Medical's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Tenon Medical's value.| Shares | Jpmorgan Chase & Co | 2024-06-30 | 1.0 | Lee Financial Corp | 2024-03-31 | 0.0 | Wells Fargo & Co | 2024-06-30 | 0.0 | Qube Research & Technologies | 2024-06-30 | 0.0 | Tmd Wealth Management, Llc | 2024-06-30 | 426.8 K | Spectrum Asset Management Inc | 2024-06-30 | 80.2 K | Geode Capital Management, Llc | 2024-06-30 | 29.2 K | Vanguard Group Inc | 2024-06-30 | 23.9 K | Tower Research Capital Llc | 2024-06-30 | 7.5 K | Royal Bank Of Canada | 2024-06-30 | 1.7 K | Bnp Paribas Arbitrage, Sa | 2024-06-30 | 191 |
Tenon Fundamentals
| Return On Equity | -15.99 | ||||
| Return On Asset | -1.1 | ||||
| Operating Margin | (4.30) % | ||||
| Current Valuation | 4.46 M | ||||
| Shares Outstanding | 510.22 K | ||||
| Shares Owned By Insiders | 11.86 % | ||||
| Shares Owned By Institutions | 88.14 % | ||||
| Number Of Shares Shorted | 49.14 K | ||||
| Price To Book | 9.00 X | ||||
| Price To Sales | 0.83 X | ||||
| Revenue | 2.93 M | ||||
| Gross Profit | (641 K) | ||||
| EBITDA | (15.3 M) | ||||
| Net Income | (15.58 M) | ||||
| Cash And Equivalents | 16.02 M | ||||
| Cash Per Share | 1.42 X | ||||
| Total Debt | 1.86 M | ||||
| Debt To Equity | 0.07 % | ||||
| Current Ratio | 7.54 X | ||||
| Book Value Per Share | (5.22) X | ||||
| Cash Flow From Operations | (12.18 M) | ||||
| Short Ratio | 1.16 X | ||||
| Earnings Per Share | (26.64) X | ||||
| Target Price | 22.0 | ||||
| Number Of Employees | 21 | ||||
| Beta | 2.17 | ||||
| Market Capitalization | 2.79 M | ||||
| Total Asset | 6.34 M | ||||
| Retained Earnings | (55.07 M) | ||||
| Working Capital | 6.82 M | ||||
| Net Asset | 6.34 M |
About Tenon Medical Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Tenon Medical's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Tenon Medical using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Tenon Medical based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Tenon Medical
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Tenon Medical position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Tenon Medical will appreciate offsetting losses from the drop in the long position's value.Moving against Tenon Stock
| 0.45 | CAH | Cardinal Health | PairCorr |
| 0.4 | HCA | HCA Holdings | PairCorr |
| 0.39 | THC | Tenet Healthcare | PairCorr |
| 0.38 | OMI | Owens Minor | PairCorr |
The ability to find closely correlated positions to Tenon Medical could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tenon Medical when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Tenon Medical - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Tenon Medical to buy it.
The correlation of Tenon Medical is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Tenon Medical moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tenon Medical moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Tenon Medical can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Information and Resources on Investing in Tenon Stock
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 Piotroski F Score and Tenon Medical Altman Z Score analysis. To learn how to invest in Tenon Stock, please use our How to Invest in Tenon Medical guide.You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
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 (26.64) | 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.