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.
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.
