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) Core Market Data and Business Metrics
Latest Closing Price
$1.05Market Cap
$8.42 MillionAverage Daily Volume
7,123,603 Shares52-Week Range
$0.91-$15.79Price-Earnings Ratio
-0.26Total Outstanding Shares
7.59 Million SharesCEO
Mr. Steven M. FosterTotal Employees
27Current Dividend
No dividendIPO Date
April 27, 2022SIC Description
Surgical & Medical Instruments & ApparatusHeadquarters
104 Cooper Ct., Los Gatos, CA, 95032