Analysts Are Recommending Tempus AI Inc (TEM) As A Buy Candidate

Tempus AI Inc (NASDAQ:TEM) has seen 5.03 million shares traded in the last trading session. The company, currently valued at $6.30B, closed the last trade at $41.00 per share which meant it lost -$0.99 on the day or -2.36% during that session. The TEM stock price is -93.88% off its 52-week high price of $79.49 and 44.17% above the 52-week low of $22.89. If we look at the company’s 10-day average daily trading volume, we find that it stood at 4.16 million shares traded. The 3-month trading volume is 1.56 million shares.

The consensus among analysts is that Tempus AI Inc (TEM) is Buy stock at the moment, with a recommendation rating of 1.60. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 6 have rated it as a Hold, with 6 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.18.

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Tempus AI Inc (NASDAQ:TEM) trade information

Sporting -2.36% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the TEM stock price touched $41.00 or saw a rise of 21.15%. Year-to-date, Tempus AI Inc shares have moved 1.86%, while the 5-day performance has seen it change -18.72%. Over the past 30 days, the shares of Tempus AI Inc (NASDAQ:TEM) have changed -39.78%. Short interest in the company has seen 5.11 million shares shorted with days to cover at 3.5.

Wall Street analysts have a consensus price target for the stock at $58.5, which means that the shares’ value could jump 29.91% from current levels. The projected low price target is $44.0 while the price target rests at a high of $70.0. In that case, then, we find that the current price level is -70.73% off the targeted high while a plunge would see the stock gain -7.32% from current levels.

Tempus AI Inc (TEM) estimates and forecasts

The company’s shares have gained 1.86% over the past 6 months, compared to 24.90% for the industry. Revenue growth from the last financial year stood is estimated to be 31.40%.

10 analysts offering their estimates for the company have set an average revenue estimate of 205.87M for the current quarter. 7 have an estimated revenue figure of 196.96M for the next ending quarter.

TEM Dividends

Tempus AI Inc is expected to release its next earnings report in January this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

Tempus AI Inc (NASDAQ:TEM)’s Major holders

The top two institutional holders are SOFTBANK GROUP CORP. with over 5.41 million shares worth more than $189.19 million. As of 2024-06-30, SOFTBANK GROUP CORP. held 3.5061% of shares outstanding.

The other major institutional holder is NEA MANAGEMENT COMPANY, LLC, with the holding of over 4.57 million shares as of 2024-06-30. The firm’s total holdings are worth over $160.05 million and represent 2.966% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are Vanguard U.S. Growth Fund and ARK ETF Tr-ARK Innovation ETF . As of Aug 31, 2024 , the former fund manager holds about 1.61% shares in the company for having 2.45 shares of worth $100.44 million while later fund manager owns 1.85 shares of worth $75.72 million as of Oct 31, 2024 , which makes it owner of about 1.21% of company’s outstanding stock.