While Tempus AI Inc has underperformed by -10.10%, 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 79.80%, showing a positive trend in the upcoming months.
One of the most important indicators of Tempus AI Inc’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. Taking into account the quick ratio of the company, currently set at 2.55, 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.
For any stock, average volume can also provide valuable insight into volatility, and TEM is recording 1.01M average volume. On a monthly basis, the volatility of the stock is set at 6.86%, whereas on a weekly basis, it is put at 8.99%, with a loss of -1.59% over the past seven days. Furthermore, long-term investors anticipate a median target price of $49.57, showing growth from the present price of $44.50, 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?
Along with the fundamentals, it is also important to consider how many employees own shares of the company. 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 19.01% 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 19.01% at present.
