In yesterday’s Wall Street session, Tempus AI Inc (NASDAQ:TEM) shares traded at $68.36, down -0.87% from the previous session.
TEM stock price is now 46.32% away from the 50-day moving average and 45.09% away from the 200-day moving average. The market capitalization of the company currently stands at $10.76B.
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On December 13, 2024, Wolfe Research recently initiated its ‘Outperform’ rating on the stock quoting a target price of $60, while ‘Guggenheim’ rates the stock as ‘Buy’
In other news, Phelps Erik, EVP & Chief Admin & Legal Off sold 5,934 shares of the company’s stock on Feb 05 ’25. The stock was sold for $400,960 at an average price of $67.57. Upon completion of the transaction, the EVP & Chief Admin & Legal Off now directly owns 214,662 shares in the company, valued at $14.67 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 05 ’25, EVP and General Counsel Polovin Andrew sold 7,717 shares of the business’s stock. A total of $521,438 was realized by selling the stock at an average price of $67.57. This leaves the insider owning 237,238 shares of the company worth $16.22 million. A total of 67.21% 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 $46.6295 and a two-hundred day moving average price translates $46.983894 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.
