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Tenon Medical, Inc. (TNON) stock

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NASDAQ: TNON Nasdaq Health Care Equipment Next results ~November 12, 2026

Tenon Medical, Inc. is a US-listed company in the health care equipment industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Model estimate per share

Not valued: the figures our models need are missing or failed our data-quality checks.

Price vs value

No model value: limited reported history: available models are shown without a Buy/Hold/Sell rating. How we value companies.

Tenon Medical, Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders4 buying, 1 selling12 purchases and 9 sales by directors and officers, last 12 monthsInsider trades

The Fundamentalytics view

Next results ~November 12, 2026 (estimated)

Current signal Results well short of expectations: Reported earnings per share missed the analysts' consensus estimate by 47% in the quarter to 2026-06-30.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

Nothing in Tenon Medical, Inc.'s latest figures clears our strength thresholds.

Things to watch

  • Results due soon. Results are expected around 16 November; the share price can move sharply on the day.
  • Volatile shares. Over the past year the shares showed annualised volatility of 220% and a beta of 0.8 against the S&P 500.
  • Missing expectations. Earnings per share fell short of the consensus estimate in 3 of the last four quarters.

Latest results

Earnings per share
-$12.35 against an average estimate of -$8.40: missed by 47.0%
Share reaction
-8.5% in the first session after the results on August 13, 2026, against +0.5% for the S&P 500
Next report
November 12, 2026; average EPS estimate -$4.22

Tenon Medical's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-5.9%
  • 1 week-10.4%
  • 1 month-47.8%
  • This year-94.2%
  • 1 year-95.4%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Earnings

Last results
August 13, 2026
Next results (est.)
November 16, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Agreement
  2. Agreement
  3. Announcement
  4. Agreement
  5. Announcement
  6. Results
  7. Announcement
  8. Shareholder vote
  9. Announcement
  10. Announcement

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Tenon Medical, Inc. valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: limited reported history: available models are shown without a Buy/Hold/Sell rating.

Valuation models

We value Tenon Medical, Inc. as an operating company, with every model that fits that kind of business. Cost of equity 9.1%: the 10-year Treasury yield (4.9%) plus a beta of 0.93 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. — Does not apply: no twelve-month earnings or share count in the filings yet
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. — Does not apply: no twelve-month earnings or share count in the filings yet
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: no twelve-month earnings or share count in the filings yet
Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. — Does not apply: revenue and margins don't support a positive value
Price-to-sales vs peers Sales per share times peers' typical price-to-sales; used only when earnings are negative. — Does not apply: no twelve-month earnings or share count in the filings yet
Combined value Weighted average of the models that apply: the primary model (price-to-earnings vs peers) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. — No model applies: the filings don’t yet support a value.

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Tenon Medical, Inc. with Health Care Equipment in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Low.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 12, 2026, after the close. Analysts expect revenue of $2m and EPS of −$4.22 (range −$5.62 to −$2.83) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current −$17.41 +71% $6m +53%
Next −$4.87 +72% $9m +47%

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is −41.1% on 90 days ago. In the last 30 days, 1 analyst raised Tenon Medical, Inc.'s forecast and 0 cut it.

Consensus EPS forecast Tenon Medical, Inc., last 90 days
−$30.00 −$20.00 −$10.00 $0.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: −$29.58 Current fiscal year, 60 days ago: −$21.25 Current fiscal year, 30 days ago: −$21.25 Current fiscal year, 7 days ago: −$21.25 Current fiscal year, Now: −$17.41 −$17.41 Next fiscal year, 90 days ago: −$21.18 Next fiscal year, 60 days ago: −$12.02 Next fiscal year, 30 days ago: −$12.02 Next fiscal year, 7 days ago: −$12.02 Next fiscal year, Now: −$4.87 −$4.87

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago −$29.58−$21.18
60 days ago −$21.25−$12.02
30 days ago −$21.25−$12.02
7 days ago −$21.25−$12.02
Now −$17.41−$4.87

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 −$8.40 −$12.35 −47.0%
Mar 2026 −$10.68 −$10.85 −1.6%
Dec 2025 −$12.60 −$7.70 +38.9%
Sept 2025 −$12.95 −$14.00 −8.1%

Adjusted EPS as companies report it, against the average analyst estimate.

Analyst recommendations

2 analysts, Oct 2026
Buy2100%
Hold00%
Sell00%

Monthly trend

  1. Oct 2026112
  2. Sep 2026112

Counts of recommendations published by analysts covering Tenon Medical, Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
2.0%
of tradable shares
Days to cover
0.01
at average volume
Short interest, 1 month
−90%
to October 15, 2026
Held by institutions
2%
of shares
Held by insiders
2.2%
of shares
Employees
26
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Recent prices are available. Older price history and the statistics that need it are being loaded in the background.

Return and risk by year

Calendar year 2023202420252026 to date
Return
TNON−90%−85%−49%−94%
Industry peers (median)−8%−19%−16%−13%
S&P 500+26%+25%+18%+11%
Months that ended higher
TNON42%8%33%9%
S&P 50067%75%75%46%
Largest fall from a high during the year
TNON−97%−86%−77%−95%
S&P 500−10%−8%−19%−9%

Worst fall since April 27, 2022: 100% from May 9, 2022 to November 2, 2026. Getting back needed a 7224771% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$1.93 – $45.15
From 52-week high
−95.7%
vs 50-day average
−46.0%
vs 200-day average
−88.6%
Volatility (1 year)
220%
Beta vs S&P 500
0.81

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
2 up, 4 down
typical move ±8.3%
After a week
2 up, 4 down
typical move ±15.7%
After a month
1 up, 5 down
typical move ±16.2%
Results releasedNext dayS&P 500 next day5 days21 days
August 13, 2026 −8.5% +0.5% +25.4% −1.4%
May 12, 2026 −8.9% +0.4% −11.4% −21.1%
March 19, 2026 −3.3% −1.7% −11.6% −3.9%
February 6, 2026 +23.1% +2.4% +11.0% +18.9%
March 14, 2024 +1.8% −0.9% −6.3% −35.2%
June 7, 2022 −4.2% −0.1% −28.3% −17.0%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Fundamentals

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms . Generated November 3, 2026. Definitions in our methodology.

Insider trading activity

Full insider history and chart
Insider purchases History → $500,223 12 trades by 4 insiders, last 12 months Insider sales History → $605,668 9 trades by 1 insider · 0% under pre-set plans
Net ▼ $105,445 net selling
Insider Date Trade Shares Price Value
Hrt Financial Lp 10% owner September 10, 2026 Buy 31,227 $2.92 $91,183
Hrt Financial Lp 10% owner September 10, 2026 Buy 28,267 $4.02 $113,633
Hrt Financial Lp 10% owner September 10, 2026 Buy 8,431 $4.92 $41,481
Hrt Financial Lp 10% owner September 10, 2026 Sell 65,582 $5.56 $364,636
Hrt Financial Lp 10% owner September 9, 2026 Sell 9,948 $4.27 $42,478
Hrt Financial Lp 10% owner September 9, 2026 Buy 39,508 $3.40 $134,327
Hrt Financial Lp 10% owner September 9, 2026 Sell 50,395 $2.61 $131,531
Hrt Financial Lp 10% owner September 8, 2026 Buy 707 $3.34 $2,361
Hrt Financial Lp 10% owner September 4, 2026 Sell 1,506 $3.70 $5,572
Hrt Financial Lp 10% owner September 3, 2026 Buy 1,658 $3.98 $6,599
Hrt Financial Lp 10% owner September 2, 2026 Sell 450 $4.53 $2,038
Hrt Financial Lp 10% owner September 1, 2026 Buy 1,790 $4.57 $8,180

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around November 16, 2026 estimated from the company's past filing pattern, not announced

  • August 13, 2026
  • May 12, 2026
  • March 19, 2026
  • February 6, 2026
  • March 14, 2024
  • June 7, 2022

Recent SEC filings

Data status

When each part of this page on Tenon Medical, Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Tenon Medical, Inc. in brief

What does Tenon Medical, Inc. do?
Tenon Medical, Inc. is a US-listed company in the health care equipment industry. Its financial year ends in December.
What is Tenon Medical, Inc.'s stock ticker?
Tenon Medical, Inc. trades under the ticker TNON on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
Are insiders buying or selling Tenon Medical, Inc. stock?
Over the last 12 months, Tenon Medical, Inc.'s directors and officers reported 12 open-market purchases and 9 sales on Form 4. The insider trading page charts every trade.
When is Tenon Medical, Inc.'s next earnings date?
Around November 12, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Tenon Medical, Inc. announces its own schedule.