Tenon Medical (NASDAQ:TNON – Get Rating) is one of 229 public companies in the “Surgical & medical instruments” industry, but how does it weigh in compared to its rivals? We will compare Tenon Medical to related businesses based on the strength of its analyst recommendations, profitability, valuation, risk, institutional ownership, earnings and dividends.
Earnings and Valuation
This table compares Tenon Medical and its rivals revenue, earnings per share and valuation.
| Gross Revenue | Net Income | Price/Earnings Ratio | |
| Tenon Medical | $691,000.00 | -$18.92 million | -0.43 |
| Tenon Medical Competitors | $1.12 billion | $54.67 million | -4.15 |
Tenon Medical’s rivals have higher revenue and earnings than Tenon Medical. Tenon Medical is trading at a higher price-to-earnings ratio than its rivals, indicating that it is currently more expensive than other companies in its industry.
Analyst Recommendations
| Sell Ratings | Hold Ratings | Buy Ratings | Strong Buy Ratings | Rating Score | |
| Tenon Medical | 0 | 0 | 1 | 0 | 3.00 |
| Tenon Medical Competitors | 1029 | 3640 | 7847 | 184 | 2.57 |
Tenon Medical currently has a consensus price target of $6.00, suggesting a potential upside of 250.88%. As a group, “Surgical & medical instruments” companies have a potential upside of 20.26%. Given Tenon Medical’s stronger consensus rating and higher possible upside, analysts plainly believe Tenon Medical is more favorable than its rivals.
Profitability
This table compares Tenon Medical and its rivals’ net margins, return on equity and return on assets.
| Net Margins | Return on Equity | Return on Assets | |
| Tenon Medical | -2,737.63% | -653.61% | -147.49% |
| Tenon Medical Competitors | -495.28% | -106.96% | -25.80% |
Insider and Institutional Ownership
7.6% of Tenon Medical shares are held by institutional investors. Comparatively, 45.7% of shares of all “Surgical & medical instruments” companies are held by institutional investors. 11.6% of Tenon Medical shares are held by insiders. Comparatively, 15.0% of shares of all “Surgical & medical instruments” companies are held by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company will outperform the market over the long term.
Summary
Tenon Medical rivals beat Tenon Medical on 8 of the 12 factors compared.
About Tenon Medical
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.
Receive News & Ratings for Tenon Medical Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tenon Medical and related companies with MarketBeat.com's FREE daily email newsletter.
