Tempus AI Inc (TEM): Not A Time To Panic Nor Freeze

Tempus AI Inc (TEM) concluded trading on Thursday at a closing price of $34.25, with 2.73 million shares of worth about $93.65 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -0.41% during that period and on Thursday the price saw a gain of about 1.45%. Currently the company’s common shares owned by public are about 150.28M shares, out of which, 49.07M shares are available for trading.

Stock saw a price change of -1.55% in past 5 days and over the past one month there was a price change of -45.58%. Over the period of past 52 weeks, stock dropped to lowest price of $22.89 but also hit the highest price of $79.49 during that period. The average intraday trading volume for Tempus AI Inc shares is 2.12 million. The stock is currently trading -14.69% below its 20-day simple moving average (SMA20), while that difference is down -30.34% for SMA50 and it goes to -26.73% lower than SMA200.

Tempus AI Inc (NASDAQ: TEM) currently have 150.28M outstanding shares and institutions hold larger chunk of about 19.74% of that.

The stock has a current market capitalization of $5.39B. It has posted earnings per share of -$5.10 in the same period. It has Quick Ratio of 2.55 while making debt-to-equity ratio of 8.78. 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 6.45% while standing at 8.94% 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 Wolfe Research on December 13, 2024 offering an Outperform rating for the stock and assigned a target price of $60 to it. Coverage by Guggenheim stated Tempus AI Inc (TEM) stock as a Buy in their note to investors on December 09, 2024, suggesting a price target of $74 for the stock. On November 11, 2024, Stifel Downgrade their recommendations, while on October 02, 2024, BofA Securities Downgrade their ratings for the stock with a price target of $60. Stock get a Neutral rating from Piper Sandler on August 12, 2024.

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