Analysts Update Their Price Forecasts For Tempus AI Inc. (TEM)

Tempus AI Inc. (TEM) concluded trading on Thursday at a closing price of $64.53, with 2.16 million shares of worth about $139.29 million changed hands on the day. On August 22, 2024 the price saw a loss of about -9.71%. Currently the company’s common shares owned by public are about 154.32M shares, out of which, 57.42M shares are available for trading.

Stock saw a price change of 36.72% in past 5 days and over the past one month there was a price change of 69.59%. Over the period of past 52 weeks, stock dropped to lowest price of $22.89 but also hit the highest price of $74.83 during that period. The average intraday trading volume for Tempus AI Inc. shares is 1.34 million. The stock is currently trading 43.58% above its 20-day simple moving average (SMA20), while that difference is up 64.79% for SMA50 and it goes to 64.79% higher than SMA200.

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Tempus AI Inc. (NASDAQ: TEM) currently have 154.32M outstanding shares and institutions hold larger chunk of about 17.52% of that.

The stock has a current market capitalization of $9.96B. It has Quick Ratio of 3.52 while making debt-to-equity ratio of 4.84. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for TEM, volatility over the week remained 22.07% while standing at 12.19% over the month.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Piper Sandler on August 12, 2024 offering a Neutral rating for the stock and assigned a target price of $40 to it. On July 09, 2024, TD Cowen Initiated their recommendations, while on July 09, 2024, Stifel Initiated their ratings for the stock with a price target of $45. Stock get a Buy rating from Needham on July 09, 2024.

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