TNONW Stock Summary and Trading Ideas (Tenon Medical - Warrant | :TNONW)

Tenon Medical - Warrant trades on the stock market under the symbol TNONW.

As of December 13, 2024, TNONW stock price was flat at $0.02 with million shares trading.

TNONW has a beta of 1.60, meaning it tends to be more sensitive to market movements. TNONW has a correlation of 0.00 to the broad based SPY ETF.

TNONW has a market cap of $0.00. This is considered a Sub-Micro Cap stock.

TNONW has underperformed the market in the last year with a return of -31.0%, while the SPY ETF gained +29.9%. In the last 3 month period, TNONW fell short of the market, returning -66.7%, while SPY returned +7.8%. However, in the most recent 2 weeks TNONW has outperformed the stock market by returning +22.4%, while SPY returned +0.3%.

TNONW support price is $.02 and resistance is $.02 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that TNONW shares will trade within this expected range on the day.