Tempus AI Inc (NASDAQ:TEM) traded at $55.18 at close of the session on Friday, May 30 and made an upward move of 1.38% on its previous day’s price.
Tempus AI Inc has a market cap of $9.55 billion and is expected to release its quarterly earnings report in July.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 296.84M, with a low of 287.08M and a high of 302.5M. The median projection represents growth squeezing down to 78.85% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for current year is expected to hit 1.25B, or 79.89% up from figures reported last year.
On the other hand, looking at the outlook for the TEM stock, short term indicators assign the stock an average of 50% Buy, while medium term indicators assign it an average of 50% Buy.
Based on estimates by 6 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 0 have rated the Tempus AI Inc (TEM) stock as a Hold, while 6 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.
Looking further, we note the current price level is -8.64% off its SMA20 and 4.61% from its 50-day simple moving average. The RSI (14) is pointing at 47.32 while the volatility over the past week is 12.26% and jumps to 7.84% over the past one month. The average price target for the stock over the next 12 months is $57.5, with the estimates having a low of $55 and a high of $60. These price ends are 0.33% and -8.74% off the current price level respectively, although investors could be excited at the prospect of a -4.2% if the TEM share price touches on the median price of $57.5.
