Tempus AI Inc (NASDAQ:TEM) price on Wednesday, January 15, rose 9.71% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $34.92.
A look at the stock’s price movement, the close in the last trading session was $31.83, moving within a range at $33.0 and $37.5. Turning to its 52-week performance, $79.49 and $22.89 were the 52-week high and 52-week low respectively. Overall, TEM moved -16.84% over the past month.
Tempus AI Inc’s market cap currently stands at around $5.50 billion, with investors looking forward to this quarter’s earnings report slated for in February.
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 -2.41% and -26.95% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 41.61, while 7-day volatility ratio is 10.80% and 9.10% in the 30-day chart. Further, Tempus AI Inc (TEM) has a beta value of 0, and an average true range (ATR) of 4.12. Analysts have given the company’s stock an average 52-week price target of $60, forecast between a low of $56 and high of $70. Looking at the price targets, the low is -60.37% off current price level while to achieve the yearly target high, price needs to move -100.46%. Nonetheless, investors will most likely welcome a -71.82% jump to $60 which is the analysts’ median price.
If we refocus on Tempus AI Inc (NASDAQ:TEM), historical trading data shows that trading volumes averaged 3.75 over the past 10 days and 2.57 million over the past 3 months. The company’s latest data on shares outstanding shows there are 150.28 million shares.
The 68.82% of Tempus AI Inc’s shares are in the hands of company insiders while institutional holders own 19.78% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 8.73 million on 2024-12-31, giving us a short ratio of 2.13. The data shows that as of 2024-12-31 short interest in Tempus AI Inc (TEM) stood at 1010.0000000000001 of shares outstanding, with shares short rising to 5.11 million registered in 2024-11-29. Current price change has pushed the stock 3.44% 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.
