In today’s recent session, 0.82 million shares of the Tempus AI Inc (NASDAQ:TEM) were traded. Most recently the company’s share price was $33.99, and it changed around $0.12 or 0.34% from the last close, which brings the market valuation of the company to $5.35B. TEM at last check was trading at a discount to its 52-week high of $79.49, offering almost -133.86% off that amount. The share price’s 52-week low was $22.89, which indicates that the recent value has risen by an impressive 32.66% since then. We note from Tempus AI Inc’s average daily trading volume that its 10-day average is 4.22 million shares, with the 3-month average coming to 2.12 million.
Tempus AI Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.55. If we narrow it down even further, the data shows that 0 out of 10 analysts rate the stock as a Sell; another 3 rate it as Overweight. Among the rest, 3 recommended TEM as a Hold, whereas 4 deemed it a Buy, and 0 rated it as Underweight. Tempus AI Inc is expected to report earnings per share of -0.15 for the current quarter.
Tempus AI Inc (NASDAQ:TEM) trade information
Instantly TEM has been showing a green trend so far today with a performance of 0.34% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 38.02 on recent trading dayincreased the stock’s daily price by 10.6%. The company’s shares are currently down -15.57% year-to-date, but still down -2.65% over the last five days. On the other hand, Tempus AI Inc (NASDAQ:TEM) is -45.70% down in the 30-day period. We can see from the shorts that 6.14 million shares have been sold at a short interest cover period of 2.38 day(s).
The consensus price target as assigned by Wall Street analysts is $58.5, which translates to bulls needing to increase their stock price by 41.9% from its current value. Analyst projections state that TEM is forecast to be at a low of $44 and a high of $70.
Tempus AI Inc (TEM) estimates and forecasts
The year-over-year growth rate is expected to be 31.40%, up from the previous year.
Consensus estimates provided by 10 financial analysts predict the company will bring in an average of 205.87M in revenue for the current quarter. 8 analysts expect Tempus AI Inc to make 196.3M in revenue for the current ending quarter.
Tempus AI Inc (NASDAQ:TEM)’s Major holders
NEA MANAGEMENT COMPANY, LLC, with 2.966% or 4.57 million shares worth $160.05 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Vanguard U.S. Growth Fund and ARK ETF Tr-ARK Innovation ETF were the top two Mutual Funds as of Aug 31, 2024 . The former held 2.45 shares worth $82.85 million, making up 1.61% of all outstanding shares. On the other hand, ARK ETF Tr-ARK Innovation ETF held roughly 1.85 shares worth around $62.46 million, which represents about 1.21% of the total shares outstanding.
