In yesterday’s Wall Street session, Tempo Automation Holdings Inc. (NASDAQ:TMPO) shares traded at $0.59, up 22.48% from the previous session.
As of this writing, 3 analysts cover Tempo Automation Holdings Inc. (NASDAQ:TMPO). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $5.00 and a low of $1.00, we find $3.00. Given the previous closing price of $0.48, this indicates a potential upside of 525.0 percent. TMPO stock price is now -55.93% away from the 50-day moving average and -91.51% away from the 200-day moving average. The market capitalization of the company currently stands at $25.84M.
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There are 1 analysts who have given it a hold rating, whereas 2 have given it a buy rating. Brokers who have rated the stock have averaged $3.00 as their price target over the next twelve months.
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Insiders disposed of 680,356 shares of company stock worth roughly $0.4 million over the past 1 year. A total of 15.00% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in TMPO stock. A new stake in Tempo Automation Holdings Inc. shares was purchased by POINT72 PRIVATE INVESTMENTS, LLC during the first quarter worth $3,146,000. CANTOR FITZGERALD, L. P. invested $473,000 in shares of TMPO during the first quarter. In the first quarter, LOCKHEED MARTIN CORP acquired a new stake in Tempo Automation Holdings Inc. valued at approximately $150,000. LMR PARTNERS LLP acquired a new stake in TMPO for approximately $147,000. FIRSTHAND CAPITAL MANAGEMENT, INC. purchased a new stake in TMPO valued at around $118,000 in the second quarter. In total, there are 29 active investors with 4.70% ownership of the company’s stock.
Monday morning saw Tempo Automation Holdings Inc. (NASDAQ: TMPO) opened at $0.6998. During the past 12 months, Tempo Automation Holdings Inc. has had a low of $0.48 and a high of $15.15. The fifty day moving average price for TMPO is $1.3303 and a two-hundred day moving average price translates $6.8769 for the stock.
The latest earnings results from Tempo Automation Holdings Inc. (NASDAQ: TMPO) was released for Sep, 2022. The company reported revenue of $0.89 million for the quarter, compared to $2.63 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -66.06 percent. For the current quarter, analysts expect TMPO to generate $2.55M in revenue.
Tempo Automation Holdings Inc.(TMPO) Company Profile
Tempo Automation Holdings, Inc. manufactures electronic products. The company designs and assembles printed circuit boards. It serves automotive, aviation and defense, consumer electronics, design firms, energy, industrial technology, medical device, semiconductor, and space industries. The company was founded in 2013 and is based in San Francisco, California.
