While Tempus AI Inc. has overperformed by 5.13%, investors are advised to look at stock chart patterns for technical insight.
On August 12, 2024, Piper Sandler started tracking Tempus AI Inc. (NASDAQ: TEM) recommending Neutral. A report published by William Blair on July 09, 2024, Initiated its previous ‘Outperform’ rating for TEM. TD Cowen also rated TEM shares as ‘Buy’, setting a target price of $50 on the company’s shares in an initiating report dated July 09, 2024. Stifel Initiated an Buy rating on July 09, 2024, and assigned a price target of $45. Needham initiated its ‘Buy’ rating for TEM, as published in its report on July 09, 2024. Morgan Stanley’s report from July 09, 2024 suggests a price prediction of $44 for TEM shares, giving the stock a ‘Overweight’ rating. Loop Capital also rated the stock as ‘Buy’.
Analysis of Tempus AI Inc. (TEM)
Further, the quarter-over-quarter increase in sales is 126.39%, showing a positive trend in the upcoming months.
To gain a thorough understanding of Tempus AI Inc.’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. Taking into account the quick ratio of the company, currently set at 3.52, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and TEM is recording an average volume of 1.05M. On a monthly basis, the volatility of the stock is set at 11.17%, whereas on a weekly basis, it is put at 7.26%, with a gain of 2.24% over the past seven days. Furthermore, long-term investors anticipate a median target price of $46.00, showing decline from the present price of $56.60, which can serve as yet another indication of whether TEM is worth investing in or should be passed over.
How Do You Analyze Tempus AI Inc. Shares?
The number of employees owning shares of the company should also be considered in addition to the fundamentals. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 66.98%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 17.60% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
TEM shares are owned by institutional investors to the tune of 17.60% at present.
