The Week Ahead: Are Investors Really Too Optimistic About Tempus AI Inc. (NASDAQ: TEM)

Tempus AI Inc. (NASDAQ:TEM) currently has a daily average trading volume of 1.32M but it saw 948918 shares traded in last market. With a market cap of 8.58B USD, the company’s current market price of $55.63 came rising about 3.53 while comparing to the previous closing price of $53.74. In past 52 weeks, the stock remained buoying in the range of price level as high as $77.00 and as low as $22.89. In the recent trading on the day, stock has struck highest price mark of $53.81 while lowest mark touched by it was $60.16.

Taking a look at 20-day trading activity of Tempus AI Inc. (TEM) gives us an average price of $54.21, while its current price level is -27.75% below from 52-week high level whereas it is 143.03% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $44.47. A closer look into the stock’s movement over the week reveals that its volatility is standing at 11.98% during that period while stretching the period over a month that increases to 13.55%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 53.25 which implies that the stock is in neutral territory.

The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Piper Sandler which initiated the stock as “Neutral” in its note to investors issued on August 12, 2024, recommending a price target of $40 for it. TD Cowen also issued its recommendations for the stock as it initiated the price target for the stock is $50.

Over the week, TEM’s stock price is moving -6.08% down while it is 36.85% when we observe its performance for the past one month. Year-to-date it is 38.21% up and over the past year.

Currently, Tempus AI Inc.’s total number of outstanding shares is 154.32M. Stock has a price to book (P/B) ratio of 87.29.