Tenon Medical TNON
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Relative Strength Index (RSI)
- The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. It is typically used to identify overbought or oversold conditions in financial markets.
- The RSI is calculated using the following formula:
RSI = 100 - (100 / (1 + RS))
Where RS is the ratio of the average gains to the average losses over a specified period.
- The default time period used is 14 days.
- RSI values range between 0 and 100.
RSI values above 70 are considered overbought (indicating a potentially opportune time to sell)
RSI values below 30 are considered oversold (indicating a potentially opportune time to buy)
RSI is not a perfect indicator and should be used in conjunction with other technical analysis tools, this is for informational purposes only and is not a substitute for professional financial advice.
About
Tenon Medical (TNON) Business Model and Operations Summary
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. The company was founded in 2012 and is based in Los Gatos, California.
Key Insights
Tenon Medical (TNON) Stock Information & Key Business Metrics
Latest Closing Price
$1.18Market Cap
$10.47 MillionAverage Daily Volume
492,969 Shares52-Week Range
$0.85-$5.85Price-Earnings Ratio
0.20Total Outstanding Shares
8.88 Million SharesCEO
Steven M. FosterTotal Employees
27Current Dividend
No dividendIPO Date
April 27, 2022SIC Description
Surgical & Medical Instruments & ApparatusHeadquarters
104 Cooper Ct., Los Gatos, CA, 95032