In yesterday’s Wall Street session, Tempus AI Inc (NASDAQ:TEM) shares traded at $51.02, down -1.62% from the previous session.
TEM stock price is now 11.20% away from the 50-day moving average and 10.35% away from the 200-day moving average. The market capitalization of the company currently stands at $8.03B.
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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, LEFKOFSKY ERIC P, CEO and Chairman sold 645,068 shares of the company’s stock on Jan 23 ’25. The stock was sold for $33,709,713 at an average price of $52.26. Upon completion of the transaction, the CEO and Chairman now directly owns 5,857,575 shares in the company, valued at $298.85 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 22 ’25, CEO and Chairman LEFKOFSKY ERIC P sold 476,209 shares of the business’s stock. A total of $23,733,244 was realized by selling the stock at an average price of $49.84. This leaves the insider owning 6,502,643 shares of the company worth $331.76 million. A total of 68.09% 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 $46.2199 and a two-hundred day moving average price translates $46.20445 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.