At the last check on Friday, Tempo Automation Holdings Inc.’s (NASDAQ:TMPO) stock was up $0.18, moving up 69.33 percent to $0.43. The average number of shares traded per day over the past five days has been 6,071,520 shares. 3 times new highs have been achieved over the past 5 days, with a $0.1593 gain in that time frame. In the last twenty days, the average volume was 1,611,430, while in the previous 50 days, it was 1,165,520.
Since last month, TMPO stock rose 14.76%. Shares of the company fell to $0.2501 on 08/03/23, the lowest level in the past month. A 52-week high of $15.15 was reached on 01/19/23 after having rallying from a 52-week low of $0.23. Since the beginning of this year, TMPO’s stock price has dropped by -45.52% or -$0.3470, and marked a new high 6 times. However, the stock has declined by -97.19% since its 52-week high.
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Financial Health
In the three months ended March 30, Tempo Automation Holdings Inc.’s quick ratio stood at 0.10, while its current ratio was 0.20, showing that the company is not able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 10.40% percent. Based on annual data, TMPO earned $1.31 million in gross profit and brought in $12.05 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 4753.10%. Return on equity (ROE) for the past 12 months was 158.00%.
In Tempo Automation Holdings Inc.’s quarter-end financial report for March 30, it reported total debt of $0.44 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. TMPO’s revenue rose 99.64% to $0.69 million during the quarter, while net income inched up to $2.77 million. While analysts expected Tempo Automation Holdings Inc. to report -$0.24 quarterly earnings, the actual figure was -$0.14 per share, beating the consensus estimate by 41.70%. During the quarter, the company generated -$8.2 million in EBITDA. The liabilities of Tempo Automation Holdings Inc. were 45.49 million at the end of its most recent quarter ended March 30, and its total debt was $21.01 million. The value of shareholders’ equity is $30.75 million.
Technical Picture
This quick technical analysis looks at Tempo Automation Holdings Inc.’s (TMPO) price momentum. With a historical volatility rate of 287.43%, the RSI 9-day stood at 76.56% on 03 August.
With respect to its five-day moving average, the current Tempo Automation Holdings Inc. price is up by +57.72% percent or $0.1593. At present, TMPO shares trade +16.08% above its 20-day simple moving average and -57.32% percent below its 100-day simple moving average. However, the stock is currently trading approximately +57.20% above its SMA50 and -95.72% below its SMA200.
Stochastic coefficient K was 25.04% and Stochastic coefficient D was 17.57%, while ATR was 0.0603. Given the Stochastic reading of 57.89% for the 14-day period, the RSI (14) reading has been calculated as 67.39%. As of today, the MACD Oscillator reading stands at 0.0341, while the 14-day reading stands at 0.0281.
Analyst Ratings
Tempo Automation Holdings Inc. (TMPO) has been rated Buy by analysts. According to 0 brokerage firms, TMPO is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Tempo Automation Holdings Inc. stock as buy, with 1 recommending it as overweight.
With a median target price of $5.00, the current consensus forecast for the stock is $5.00 – $5.00. Based on these forecasts, analysts predict Tempo Automation Holdings Inc. (TMPO) will achieve an average price target of $5.00.
