With 1.26 million shares changed hands, the volume of the stock remained lighter than its average volume of 7.09 million shares. The 52-week range on TNON shows that it touched its highest point at $15.79 and its lowest point at $0.91 during that stretch. It currently has a 1-year price target of $3.00. Beta for the stock currently stands at 1.24.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of TNON was up-trending over the past week, with a rise of 13.91%, but this was up by 20.18% over a month. Three-month performance dropped to -9.97% while six-month performance fell -61.24%. The stock lost -80.96% in the past year, while it has lost -30.32% so far this year. A look at the trailing 12-month EPS for TNON yields -22.81 with Next year EPS estimates of -1.15. For the next quarter, that number is -0.99. This implies an EPS growth rate of 76.11% for this year and 57.25% for next year. EPS is expected to grow by 61.35% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -25.43%.
Float and Shares Shorts:
At present, 6.20 million TNON shares are outstanding with a float of 6.20 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for TNON since 0 analysts follow the stock currently. There are 0 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of -$20.45462 being high and -$22.60538 being low. For TNON, this leads to a yearly average estimate of -$21.53.
