Tempus AI Inc (NASDAQ:TEM) price on Thursday, June 12, rose 0.64% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $71.23.
A look at the stock’s price movement, the close in the last trading session was $70.78. Turning to its 52-week performance, $91.45 and $22.89 were the 52-week high and 52-week low respectively. Overall, TEM moved 3.37% over the past month.
Tempus AI Inc’s market cap currently stands at around $12.33 billion, with investors looking forward to this quarter’s earnings report slated for in July.
Analysts have a consensus estimate of 296.84M for the company’s revenue for the quarter, with a low and high estimate of 287.08M and 302.5M respectively. The average forecast suggests up to a 78.85% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 1.25B, representing a 79.89% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that TEM is a 100% Buy. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
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 13.95% and 29.08% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 62.19, while 7-day volatility ratio is 2.99% and 7.14% in the 30-day chart. Further, Tempus AI Inc (TEM) has a beta value of 5.74, and an average true range (ATR) of 5.53. Analysts have given the company’s stock an average 52-week price target of $57.5, forecast between a low of $55 and high of $60. Looking at the price targets, the low is 22.79% off current price level while to achieve the yearly target high, price needs to move 15.77%. Nonetheless, investors will most likely welcome a 19.28% jump to $57.5 which is the analysts’ median price.
If we refocus on Tempus AI Inc (NASDAQ:TEM), historical trading data shows that trading volumes averaged 13.04 million over the past 3 months. The company’s latest data on shares outstanding shows there are 167.99 million shares.
The 47.11% of Tempus AI Inc’s shares are in the hands of company insiders while institutional holders own 32.96% of the company’s shares. Current price change has pushed the stock 110.99% 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.
