TEM Stock Forecast 2024: Tempus AI Inc. Remains Weak With A Upside Of 53.5%

In the last trading session, 2.0 million shares of the Tempus AI Inc. (NASDAQ:TEM) were traded. Most recently the company’s share price was $49.23, and it changed around -$5.44 or -9.95% from the last close, which brings the market valuation of the company to $7.60B. TEM currently trades at a discount to its 52-week high of $77.00, offering almost -56.41% off that amount. The share price’s 52-week low was $22.89, which indicates that the current value has risen by an impressive 53.5% since then. We note from Tempus AI Inc.’s average daily trading volume that its 10-day average is 1.25 million shares, with the 3-month average coming to 1.22 million.

Tempus AI Inc. stock received a consensus recommendation rating of Buy, based on a mean score of 1.22. If we narrow it down even further, the data shows that 0 out of 9 analysts rate the stock as a Sell; another 3 rate it as Overweight. Among the rest, 1 recommended TEM as a Hold, whereas 5 deemed it a Buy, and 0 rated it as Underweight. Tempus AI Inc. is expected to report earnings per share of -0.32 for the current quarter.

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Tempus AI Inc. (NASDAQ:TEM) trade information

Instantly TEM has showed a red trend with a performance of -9.95% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 55.66 on recent trading dayincreased the stock’s daily price by 11.55%. The company’s shares are currently up 22.31% year-to-date, but still up 9.28% over the last five days. On the other hand, Tempus AI Inc. (NASDAQ:TEM) is -3.24% down in the 30-day period. We can see from the shorts that 3.55 million shares have been sold at a short interest cover period of 3.31 day(s).

The consensus price target as assigned by Wall Street analysts is $44.5, which translates to bulls needing to decrease their stock price by -10.63% from its current value. Analyst projections state that TEM is forecast to be at a low of $40 and a high of $47.

Consensus estimates provided by 8 financial analysts predict the company will bring in an average of 179.52M in revenue for the current quarter. 8 analysts expect Tempus AI Inc. to make 207.82M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were nan and nan respectively. Forecasts for the next quarter put sales growth at nan.

TEM Dividends

Tempus AI Inc.’s next quarterly earnings report is expected to be released in October.