TENON MEDICAL INC (TNON)
NASDAQHealth CareMedical - DevicesSnapshot 2026-10-29
$2.05-10.48%
Close 2026-10-30 · 1-day change
NASDAQHealth CareMedical - DevicesSnapshot 2026-10-29
Research Workspace
Put TNON beside peers and holdings, graph the same metric, and keep your notes with the evidence.
Daily closes. Earnings/event dots are placed inline.
Industries move in repeating boom-and-bust cycles. This shows where this stock’s industry sits in that cycle, stage by stage (recovery → expansion → supercycle → steady → deceleration → contraction), from its fundamentals (orders, revenue, capital spending), not the stock’s price.
A booming industry is a tailwind for the names in it; a contracting one is a headwind. Companies in the same industry tend to rise and fall together with the cycle, the way a tide lifts and lowers every boat in the harbor at once, so a large part of a stock’s swing can come from where its industry sits rather than from the company itself. It’s context for reading the company’s results, not a buy/sell call. Full explanation →
Health Care Equipment: fringe margins under pressure (4q confirmed)
The stage band shows the industry’s cycle over the chart’s timeline (each color a stage); a ▼ marks a quarter its growth inflected down — amber is an unconfirmed watch, red is confirmed the next quarter. Use “Overlay cycle on chart” to tint the price chart by stage. The industry’s fundamentals, not a signal on this stock.
Primary pillar under pressure — Sustain revenue growth near $1.47 million quarterly: Comparison needs review.
View ThesisRevenue growth is accelerating — up about 80% over the past year.
View GrowthMiddle-of-the-pack management execution.
View ManagementThis stock is highly volatile — it swings about 5% on a typical day and fell roughly 95% in its worst 12-month stretch.
View RiskTNON’s case rests on revenue growth, despite unsteady management and high risk. Revenue grew 127% year over year in Q2 FY2026, though TNON remained unprofitable. That single quarter does not establish an accelerating trend, and no latest earnings release is recorded. No valuation bridge or priced-in reading is available, so the market’s growth expectations cannot be defined here. The primary revenue pillar is under pressure, but its comparison needs review. Our model puts the next-quarter miss probability near 63%. The thesis is on watch, and this read is provisional.
Trailing returns as of 2026-10-30. TNON is total return (includes dividends); the S&P 500 benchmark is price return (the index excludes dividends).
Based on 2 analysts currently covering TNON (as of Oct 2026).
Analyst ratings and price targets are third-party Wall Street estimates, not QuarterlyIQ’s view. Not investment advice.
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| Compare | Company | Living FV | P/E | Revenue % | Quality |
|---|---|---|---|---|---|
| TNON Selected company | Graph | Compare | Trend | Review | |
| Peer Add a competitor | Graph | Compare | Trend | Review | |
| Holding Compare a holding | Graph | Compare | Trend | Review |
Selected metric trend
Quarterly · checked companies · value or % of revenue
A consensus fair price across 0 valuation methods, at three horizons. As of 2026-10-29. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
Today's peer multiple on trailing earnings, with no growth credited. This is the headline read.
Adds projected growth, so it leans optimistic by design. Read it as upside context, not a base case.
A price-focused, side-by-side fair-value read versus Health Care Equipment — fair value, gap to price, and forward P/E.
Compare the value case
Put TNON next to peers and holdings, compare Living FV and multiples, then graph the driver behind the difference.
Advances: Capital raising through securities offerings
Capital raised supports financial growth objectives.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
End-of-day figures as of 2026-10-30. EPS is implied from price ÷ P/E. Not investment advice.
A long-thesis check that carries the widest uncertainty of the three horizons.
Below average on quality vs scored peers
Direction of the business behind the multiple. Bands are backend reads; trailing-12-month basis.
TTM earnings are negative. P/E-based methods drop out and the estimate leans on sales- and cash-flow-based methods. A data condition, not a forward call.
Threatens: Capital raising through securities offerings
Director selling shares raises concerns about capital allocation.
Successful capital raise supports financial objectives.
Advances: Capital raising through securities offerings
Capital raised supports financial growth objectives.
Advances: Address Nasdaq listing compliance issues
Regaining compliance supports regulatory objectives and market confidence.
Advances: Drive revenue growth and improve financial results
Record revenue growth aligns with management's growth objectives.
Advances: Expand training activities and commercial build-out
FDA clearance supports revenue growth and commercial expansion.
Threatens: Drive revenue growth and improve financial results
Earnings miss indicates challenges in driving revenue growth.
