While Tempus AI Inc. has underperformed by -2.41%, investors are advised to look at stock chart patterns for technical insight.
On October 02, 2024, BofA Securities Downgraded Tempus AI Inc. (NASDAQ: TEM) to Neutral. A report published by Piper Sandler on August 12, 2024, Initiated its previous ‘Neutral’ rating for TEM. TD Cowen Initiated an Buy rating on July 09, 2024, and assigned a price target of $50. Stifel initiated its ‘Buy’ rating for TEM, as published in its report on July 09, 2024. Needham’s report from July 09, 2024 suggests a price prediction of $47 for TEM shares, giving the stock a ‘Buy’ rating. Morgan Stanley also rated the stock as ‘Overweight’.
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.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of Tempus AI Inc.’s future performance, with equity being one of the most critical indicators. 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.
As an indicator of volatility for any stock, average volume can also be very valuable, and TEM is recording an average volume of 1.01M. On a monthly basis, the volatility of the stock is set at 6.67%, whereas on a weekly basis, it is put at 4.76%, with a loss of -7.42% over the past seven days. Furthermore, long-term investors anticipate a median target price of $50.00, showing growth from the present price of $45.41, 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?
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. 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 17.75% 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 17.75% at present.
