While Tempus AI Inc has overperformed by 11.66%, investors are advised to look at stock chart patterns for technical insight.
On November 11, 2024, Stifel Downgraded Tempus AI Inc (NASDAQ: TEM) to Hold. A report published by BofA Securities on October 02, 2024, Downgraded its rating to ‘Neutral’ for TEM. Piper Sandler also rated TEM shares as ‘Neutral’, setting a target price of $40 on the company’s shares in an initiating report dated August 12, 2024. TD Cowen initiated its ‘Buy’ rating for TEM, as published in its report on July 09, 2024. Stifel’s report from July 09, 2024 suggests a price prediction of $45 for TEM shares, giving the stock a ‘Buy’ rating. Needham also rated the stock as ‘Buy’.
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.
Tempus AI Inc’s future performance can be determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. 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.
The average volume for any stock is also a very valuable indicator of volatility, and TEM has an average volume of 1.18M. On a monthly basis, the volatility of the stock is set at 13.57%, whereas on a weekly basis, it is put at 11.74%, with a gain of 11.83% over the past seven days. Furthermore, long-term investors anticipate a median target price of $57.14, showing decline from the present price of $58.60, 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?
In addition to analyzing the fundamentals, it is also important to look at how many company employees own stock. 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 68.46%. 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 19.74% 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 19.74% at present.
