In the latest trading session, 1.46 million Tempus AI Inc (NASDAQ:TEM) shares changed hands as the company’s beta touched 0. With the company’s most recent per share price at $33.45 changing hands around $1.11 or 3.43% at last look, the market valuation stands at $5.27B. TEM’s current price is a discount, trading about -137.64% off its 52-week high of $79.49. The share price had its 52-week low at $22.89, which suggests the last value was 31.57% up since then. When we look at Tempus AI Inc’s average trading volume, we note the 10-day average is 3.79 million shares, with the 3-month average coming to 2.52 million.
Analysts gave the Tempus AI Inc (TEM) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.55. If we narrow down to specifics, the data shows that 0 out of 6 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended TEM as a Hold, 6 felt it is a Buy and 0 rated the stock as Underweight.
Tempus AI Inc (NASDAQ:TEM) trade information
Instantly TEM is in green as seen in intraday trades today. With action -17.93%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -0.92%, with the 5-day performance at -17.93% in the red. However, in the 30-day time frame, Tempus AI Inc (NASDAQ:TEM) is -22.55% down. Looking at the short shares, we see there were 8.73 million shares sold at short interest cover period of 2.13 days.
The consensus price target for the stock as assigned by Wall Street analysts is 60, meaning bulls need an upside of 44.25% from its recent market value. According to analyst projections, TEM’s forecast low is 56 with 70 as the target high. To hit the forecast high, the stock’s price needs a -109.27% plunge from its current level, while the stock would need to soar -67.41% for it to hit the projected low.
Tempus AI Inc (NASDAQ:TEM)’s Major holders
NEA MANAGEMENT COMPANY, LLC holds the second largest percentage of outstanding shares, with 2.966% or 4.57 million shares worth $160.05 million as of 2024-06-30.
Among Mutual Funds, the top two as of Nov 30, 2024 were ARK ETF Tr-ARK Innovation ETF and Vanguard U.S. Growth Fund. With 2.51 shares estimated at $82.64 million under it, the former controlled 1.65% of total outstanding shares. On the other hand, Vanguard U.S. Growth Fund held about 1.61% of the shares, roughly 2.45 shares worth around $80.62 million.