Tenon Medical (NASDAQ:TNON) Shares Up 20.4%

Tenon Medical, Inc. (NASDAQ:TNONGet Rating) shares shot up 20.4% on Wednesday . The stock traded as high as $2.98 and last traded at $2.77. 2,130,595 shares traded hands during trading, an increase of 366% from the average session volume of 457,263 shares. The stock had previously closed at $2.30.

Wall Street Analysts Forecast Growth

Separately, Benchmark began coverage on shares of Tenon Medical in a research report on Tuesday, June 21st. They set a “speculative buy” rating and a $6.00 price objective on the stock.

Tenon Medical Stock Performance

The business’s 50-day moving average is $2.42.

Tenon Medical (NASDAQ:TNONGet Rating) last issued its quarterly earnings data on Thursday, June 9th. The company reported ($2.38) earnings per share for the quarter. The company had revenue of $0.07 million for the quarter.

Tenon Medical Company Profile

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Tenon Medical, Inc, a medical device company, develops surgical implant systems to optimize sacroiliac joint fixation/fusion surgery and corresponding outcomes. It sells The CATAMARAN SIJ Fusion System that includes instruments and implants designed to prepare and fixate the SI-Joint for fusion in the United States and Puerto Rico.

Further Reading

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