The trading price of Tempus AI Inc (NASDAQ:TEM) closed higher on Tuesday, March 04, and closing at $52.73, 3.53% higher than its previous close.
In examining the 52-week price action we see that the stock hit a 52-week high of $91.45 and a 52-week low of $22.89. Over the past month, the stock has lost -8.12% in value.
Tempus AI Inc, whose market valuation is $9.08 billion at the time of this writing, is expected to release its quarterly earnings report in April. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by -0.27 per share this quarter, however they have predicted annual earnings per share of -0.55 for current year and 0.51 for next year.
Analysts have forecast the company to bring in revenue of 248.87M for the current quarter, with the likely lows of 244.9M and highs of 258M. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 1.24B.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned TEM a recommendation rating is 6. Out of them, 0 rate it a Hold, while 6 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged Tempus AI Inc (TEM) as Underweight, while 0 advise Sell. Analysts have rated the stock Buy, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
A quick review shows that TEM’s price is currently -23.03% off the SMA20 and 0.98% off the SMA50. The RSI metric on the 14-day chart is currently showing 42.13, and weekly volatility stands at 14.27%. When measured over the past 30 days, the indicator reaches 12.62%. Tempus AI Inc (NASDAQ:TEM)’s beta value is currently sitting at 0, while the Average True Range indicator is currently displaying 8.03. With analysts defining $56-$70 as the low and high price targets, we arrive at a consensus price target of $60 for the trailing 12-month period. The current price is about -6.2% off the estimated low and -32.75% off the forecast high, based on this estimate. Investors will be thrilled if TEM’s share price rises to $60, which is the median consensus price. At that level, TEM’s share price would be -13.79% below current price.
To see how Tempus AI Inc stock has been performing in comparison to its peers in the industry, here are the numbers: TEM stock’s performance was 3.53% in the latest trading.
An evaluation of the daily trading volume of Tempus AI Inc (NASDAQ:TEM) indicates that the 3-month average is 11.55 million.
Currently, records show that 157.08 million of the company’s shares remain outstanding. The insiders hold 64.57% of outstanding shares, whereas institutions hold 24.65%. However, since the stock’s price has seen 56.19% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
