Tempus AI Inc (NASDAQ:TEM) shares traded 5.90% higher at $50.45 on Wall Street last session.
TEM stock price is now 6.84% away from the 50-day moving average and 9.49% away from the 200-day moving average. The market capitalization of the company currently stands at $7.94B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
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, LEFKOFSKY ERIC P, Officer bought 476,209 shares of the company’s stock on Jan 22 ’25. The stock was bought for $22,686,597 at an average price of $47.64. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 16 ’25, 10% Owner KEYWELL BRADLEY A sold 510,364 shares of the business’s stock. A total of $17,781,775 was realized by selling the stock at an average price of $34.84. This leaves the insider owning 15,483,365 shares of the company worth $781.14 million. A total of 68.22% 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 $47.3519 and a two-hundred day moving average price translates $46.046234 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. For the current quarter, analysts expect TEM to generate $200.55M in revenue.
