Tempus AI Inc (NASDAQ:TEM) shares, rose in value, with the stock price up by 0.08% to the previous day’s close as strong demand from buyers drove the stock to $48.90.
Actively observing the price movement in the recent trading, the stock is buoying the session at $48.86. Referring to stock’s 52-week performance, its high was $91.45, and the low was $22.89. On the whole, TEM has fluctuated by -29.31% over the past month.
With the market capitalization of Tempus AI Inc currently standing at about $8.42 billion, investors are eagerly awaiting this quarter’s results, scheduled for in April.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 1.24B, with a low estimate of 244.9M and a high estimate of 258M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 248.87M.
The stock’s technical analysis shows that the price of TEM currently trading nearly -26.19% and -8.05% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 39.37, while the 7-day volatility ratio is showing 11.89% which for the 30-day chart, stands at 12.26%. Furthermore, Tempus AI Inc (TEM)’s average true range (ATR) is 7.24.
Data on historical trading for Tempus AI Inc (NASDAQ:TEM) indicates that the trading volumes over the past 3 months, they’ve averaged 12.04 million. According to company’s latest data on outstanding shares, there are 157.08 million shares outstanding.
Nearly 60.21% of Tempus AI Inc’s shares belong to company insiders and institutional investors own 24.65% of the company’s shares. The stock has risen by 44.85% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the TEM stock heading into the next quarter.
