Tempus AI Inc (NASDAQ:TEM) price on Tuesday, December 24, fall -0.34% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $34.79.
A look at the stock’s price movement, the close in the last trading session was $34.91, moving within a range at $34.05 and $35.4. Turning to its 52-week performance, $79.49 and $22.89 were the 52-week high and 52-week low respectively. Overall, TEM moved -40.63% over the past month.
Tempus AI Inc’s market cap currently stands at around $5.46 billion, with investors looking forward to this quarter’s earnings report slated for in January.
Analysts have a consensus estimate of 205.87M for the company’s revenue for the quarter, with a low and high estimate of 202.8M and 209M respectively. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 698.8M, representing a 31.40% jump on that reported in the last financial year.
6 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 6 recommend TEM as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
TEM’s current price about -25.53% and -31.19% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 33.42, while 7-day volatility ratio is 10.21% and 9.64% in the 30-day chart. Further, Tempus AI Inc (TEM) has a beta value of 0, and an average true range (ATR) of 4.73. Analysts have given the company’s stock an average 52-week price target of $58.5, forecast between a low of $44 and high of $70. Looking at the price targets, the low is -26.47% off current price level while to achieve the yearly target high, price needs to move -101.21%. Nonetheless, investors will most likely welcome a -68.15% jump to $58.5 which is the analysts’ median price.
If we refocus on Tempus AI Inc (NASDAQ:TEM), historical trading data shows that trading volumes averaged 5.89 over the past 10 days and 1.98 million over the past 3 months. The company’s latest data on shares outstanding shows there are 150.28 million shares.
The 65.44% of Tempus AI Inc’s shares are in the hands of company insiders while institutional holders own 19.74% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 5.11 million on 2024-11-29, giving us a short ratio of 3.5. The data shows that as of 2024-11-29 short interest in Tempus AI Inc (TEM) stood at 591.0 of shares outstanding, with shares short rising to 3.47 million registered in 2024-10-31. Current price change has pushed the stock -13.57% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the TEM stock continues to rise going into the next quarter.
