Is it to late in the day to buy TNON


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Given the expected surge in Tenon Medical (TNON) stock price on September 25, 2024, it may still be a good time to consider purchasing the stock, even if it's later in the day. Here are some factors to consider:
- Current Price vs Forecast Price: The current closing price of TNON is $4.781, which is slightly above the forecast price of $4.612. This suggests that the stock may already be reflecting some of the positive expectations for the upcoming surge.
- Expected Surge Range: The expected surge range is 20.9%, which indicates a potential upside of approximately 1.2 points3. If the forecast is accurate, this could mean that the stock price could still increase by a significant margin before the end of the day.
- Trading Volume: The trading volume for TNON on September 25, 2024, was 4.24 million shares4, which is a substantial amount of trading activity. This suggests that there is liquidity in the stock, and it may be possible to buy or sell the stock without significantly impacting the price.
- Market Sentiment: If the market sentiment remains positive throughout the day, it could contribute to a continued increase in the stock price. However, it's important to monitor any news that may affect market sentiment, as this could impact the stock price.
- Risk Considerations: While the forecast suggests a potential for a surge, it's important to consider the risks associated with investing in TNON. It's recommended to conduct thorough research and consider your investment goals and risk tolerance before making a decision.
In conclusion, it may not be too late to buy TNON, especially if you believe in the forecast and are comfortable with the associated risks. However, it's important to monitor the stock's performance closely and consider your investment strategy accordingly.
TNON Trend
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TNON Closing Price
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