Tempus AI Inc. (TEM)’s Market Momentum: Closing Strong at 53.84, Up 3.80

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As of close of business last night, Tempus AI Inc.’s stock clocked out at $53.84, up 3.80% from its previous closing price of $51.87. In other words, the price has increased by $3.80 from its previous closing price. On the day, 0.75 million shares were traded. TEM stock price reached its highest trading level at $54.4701 during the session, while it also had its lowest trading level at $51.53.

Ratios:

To gain a deeper understanding of TEM’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 3.52 and its Current Ratio is at 3.70. In the meantime, Its Debt-to-Equity ratio is 4.84 whereas as Long-Term Debt/Eq ratio is at 4.78.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Piper Sandler on August 12, 2024, initiated with a Neutral rating and assigned the stock a target price of $40.

On July 09, 2024, TD Cowen started tracking the stock assigning a Buy rating and target price of $50.TD Cowen initiated its Buy rating on July 09, 2024, with a $50 target price.

Insider Transactions:

Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Aug 16 ’24 when Tempus AI, Inc. bought 3,500,000 shares for $5.07 per share. The transaction valued at 17,745,000 led to the insider holds 12,718,800 shares of the business.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, TEM now has a Market Capitalization of 8308535296 and an Enterprise Value of 8294020608. Its current Enterprise Value per Revenue stands at 13.926 whereas that against EBITDA is -12.784.

Stock Price History:

Over the past 52 weeks, TEM has reached a high of $77.00, while it has fallen to a 52-week low of $22.89. The 50-Day Moving Average of the stock is 9.89%, while the 200-Day Moving Average is calculated to be 21.59%.

Shares Statistics:

It appears that TEM traded 1.06M shares on average per day over the past three months and 1193220 shares per day over the past ten days. A total of 154.32M shares are outstanding, with a floating share count of 50.96M. Insiders hold about 66.98% of the company’s shares, while institutions hold 17.60% stake in the company. Shares short for TEM as of 1726185600 were 2967550 with a Short Ratio of 2.79, compared to 1723680000 on 3854274. Therefore, it implies a Short% of Shares Outstanding of 2967550 and a Short% of Float of 3.5700000000000003.

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