The stock of Tempo Automation Holdings Inc (NASDAQ:TMPO) last traded at $0.16, up 16.90% from the previous session.
Data from the available sources indicates that Tempo Automation Holdings Inc (NASDAQ:TMPO) is covered by 1 analysts. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $5.00 and a low of $5.00, we find $5.00. Given the previous closing price of $0.14, this indicates a potential upside of 3471.43 percent. TMPO stock price is now -31.05% away from the 50-day moving average and -74.55% away from the 200-day moving average. The market capitalization of the company currently stands at $5.04M.
In total, 0 analysts have assigned it a hold rating, and 1 have given it a buy rating. Brokers who have rated the stock have averaged $5.00 as their price target over the next twelve months.
Insiders disposed of 518,449 shares of company stock worth roughly $82951.84 over the past 1 year. A total of 59.45% 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 LOCKHEED MARTIN CORP during the first quarter worth $42,000. XTX TOPCO LTD invested $4,000 in shares of TMPO during the first quarter. In the first quarter, VIRTU FINANCIAL LLC acquired a new stake in Tempo Automation Holdings Inc valued at approximately $2,000. In total, there are 33 active investors with 22.81% ownership of the company’s stock.
With an opening price of $0.1372 on Friday morning, Tempo Automation Holdings Inc (NASDAQ: TMPO) set off the trading day. During the past 12 months, Tempo Automation Holdings Inc has had a low of $0.13 and a high of $15.15. The fifty day moving average price for TMPO is $0.2357 and a two-hundred day moving average price translates $0.6400 for the stock.
The latest earnings results from Tempo Automation Holdings Inc (NASDAQ: TMPO) was released for Mar, 2023. According to the Electronic Components Company, earnings per share came in at -$0.14, beating analysts’ expectations of -$0.24 by 0.1. This compares to -$1.85 EPS in the same period last year. The net profit margin was -1019.97% and return on equity was -1344.30% for TMPO. The company reported revenue of $2.77 million for the quarter, compared to $3.9 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -28.84 percent. For the current quarter, analysts expect TMPO to generate $4.3M in revenue.
Tempo Automation Holdings Inc(TMPO) Company Profile
Tempo Automation Holdings, Inc. manufactures and sells electronic products. The company produces printed circuit board assemblies (PCBAs) for prototype and on-demand production markets; and turnkey PCBA services. It serves space, semiconductor, aviation and defense, and medical device, as well as industrials and e-commerce industries. Tempo Automation Holdings, Inc. was founded in 2013 and is headquartered in San Francisco, California.
