BofA Securities has recently reduced Tempus AI Inc (TEM) stock to Neutral rating, as announced on October 2, 2024, according to Finviz. Earlier, on August 12, 2024, Piper Sandler had initiated the stock to Neutral, setting a price target of $40. William Blair also initiated Outperform rating. Additionally, TD Cowen initiated Buy rating on July 9, 2024, with a target price of $50. Stifel analysts, in their report published on July 9, 2024, also initiated Buy rating and set a price target of $45 for Tempus AI Inc’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
Tempus AI Inc (TEM) Stock Trading Recap
On Tuesday, Tempus AI Inc (TEM) stock saw a decline, ending the day at $44.5 which represents a decrease of $-5.00 or -10.10% from the prior close of $49.5. The stock opened at $48.8 and touched a low of $39.34 during the day, reaching a high of $48.81. The volume of shares traded was 3.06 million exceeding the average volume of 1.01 million.
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TEM Stock Performance and Moving Averages
In recent trading, Tempus AI Inc (TEM) stock price has shown some volatility, fluctuating -1.59% over the last five trades and -11.97% over the past 30 trades. This represents a notable shift from earlier in the year. The stock has gained 14.63% in the previous three months. Currently, TEM is trading at -4.91%, -11.31%, and -1.97% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, TEM, a Healthcare sector stock, is trading -42.21% below its 52-week high but remains 94.41% above its 52-week low. The Average True Range (ATR) (14 days) of 3.75 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
Tempus AI Inc’s Profitability and Valuation Ratios
In terms of valuation, Tempus AI Inc’s market capitalization stands at $6.87 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. Additionally, the Price-to-Book Ratio is 128.65, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 66.98% of Tempus AI Inc (TEM)’s shares, while financial institutions hold 19.01%.
