Tempus AI Inc (NASDAQ:TEM) shares traded -3.69% lower at $33.03 on Wall Street last session.
TEM stock price is now -35.69% away from the 50-day moving average and -30.43% away from the 200-day moving average. The market capitalization of the company currently stands at $5.20B.
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With the price target of $60, Wolfe Research recently initiated with Outperform rating for Tempus AI Inc (NASDAQ: TEM). On December 09, 2024, Guggenheim recently initiated its ‘Buy’ rating on the stock quoting a target price of $74, while ‘Stifel’ rates the stock as ‘Hold’
In other news, Rogers James William, Chief Financial Officer sold 1,468 shares of the company’s stock on Dec 16 ’24. The stock was sold for $59,058 at an average price of $40.23. Upon completion of the transaction, the Chief Financial Officer now directly owns 229,812 shares in the company, valued at $7.59 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 16 ’24, EVP and General Counsel Polovin Andrew sold 1,130 shares of the business’s stock. A total of $45,460 was realized by selling the stock at an average price of $40.23. This leaves the insider owning 244,955 shares of the company worth $8.09 million. A total of 65.45% of the company’s stock is owned by insiders.
During the past 12 months, Tempus AI Inc has had a low of $22.89 and a high of $79.49. As of last week, the company has a debt-to-equity ratio of 8.78, a current ratio of 2.69, and a quick ratio of 2.55. The fifty day moving average price for TEM is $51.6696 and a two-hundred day moving average price translates $47.591152 for the stock.
The latest earnings results from Tempus AI Inc (NASDAQ: TEM) was released for 2024-09-30. The company reported revenue of $180.93 million for the quarter, compared to $136.06 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 32.98 percent.
