Tempus AI Inc (TEM) stock hits $62.94: Is it a good time to buy or wait for a dip?

Tempus AI Inc [TEM] stock prices are up 0.56% to $62.94 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The TEM shares have gain 7.41% over the last week, with a monthly amount glided 41.06%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Tempus AI Inc [NASDAQ: TEM] stock has seen the most recent analyst activity on November 11, 2024, when Stifel downgraded its rating to a Hold and also boosted its price target to $65 from $45. Previously, BofA Securities downgraded its rating to Neutral on October 02, 2024, and elevated its price target to $60. On August 12, 2024, Piper Sandler initiated with a Neutral rating and assigned a price target of $40 on the stock. William Blair started tracking the stock assigning a Outperform rating. TD Cowen initiated its recommendation with a Buy and recommended $50 as its price target on July 09, 2024. Stifel started tracking with a Buy rating for this stock on July 09, 2024, and assigned it a price target of $45. In a note dated July 09, 2024, Needham initiated an Buy rating and provided a target price of $47 on this stock.

The stock price of Tempus AI Inc [TEM] has been fluctuating between $22.89 and $79.49 over the past year. Currently, Wall Street analysts expect the stock to reach $58.67 within the next 12 months. Tempus AI Inc [NASDAQ: TEM] shares were valued at $62.94 at the most recent close of the market. An investor can expect a potential drop of -6.78% based on the average TEM price forecast.

Analyzing the TEM fundamentals

Gross Profit Margin for this corporation currently stands at 0.52% with Operating Profit Margin at -1.08%, Pretax Profit Margin comes in at -1.16%, and Net Profit Margin reading is -1.16%. To continue investigating profitability, this company’s Return on Assets is posted at -0.76, Equity is 1.89 and Total Capital is -0.96. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 8.17.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 60.74 points at the first support level, and at 58.53 for the second support level. However, for the 1st resistance point, the stock is sitting at 67.05, and for the 2nd resistance point, it is at 71.15.

Ratios To Look Out For

It’s worth pointing out that Tempus AI Inc [NASDAQ:TEM]’s Current Ratio is 2.69. As well, the Quick Ratio is 2.55, while the Cash Ratio is 1.54.

Transactions by insiders

Recent insider trading involved Tempus AI, Inc., 10% Owner, that happened on Aug 16 ’24 when 3.5 million shares were purchased.

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