The stock of Tempo Automation Holdings Inc. (NASDAQ:TMPO) decreased by $0.0 on Friday to finish at $0.25, up 2.01 percent. The last five days have seen an average of 291,060 shares of common stock traded. 6 times new highs were reached in the current year, with a fall of -$0.5283. The average number of shares traded over the last 20 days was 3,319,775, while the average volume over the last 50 days totaled 1,747,858.
TMPO stock dropped -4.15% since last month. On 08/25/23, the company’s shares reached a one-month low of $0.2265. The stock touched a high of $15.15 on 01/19/23, after rallying from a low of $0.23 in 52 weeks. The price of TMPO stock has declined by -67.53% or -$0.5283 this year, reaching a new high 6 times. Still, the stock price is down -98.32% from the 52-week high.
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Financial Health
For the three months ended March 30, Tempo Automation Holdings Inc.’s quick ratio was 0.10, while its current ratio was 0.20, indicating its inability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 10.40% percent. Based on annual data, it had gross profit of $1.31 million and revenue of $12.05 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. TMPO’s return on assets (ROA) during the last 12 months has been -708.40%. There was a 4753.10% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 158.00%.
Earnings Surprise
According to Tempo Automation Holdings Inc.’s quarterly financial report for the quarter that ended March 30. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $2.77 million, while revenues rose by 99.64% to $0.69 million. It was predicted that Tempo Automation Holdings Inc.’s quarterly earnings would be -$0.14, but it ended up being -$0.24, beating the consensus by 41.70%. EBITDA was -$8.2 million for the quarter. At the end of Tempo Automation Holdings Inc.’s most recent quarter ended March 30, its liabilities totaled 45.49 million, while its total debt was $21.01 million. Equity owned by shareholders amounts to $30.75 million.
Technical Picture
Here’s a quick look at Tempo Automation Holdings Inc.’s (TMPO) price momentum from a technical perspective. As of 25 August, the RSI 9-day stood at 38.17%, suggesting the stock is Neutral, with a 48.02% historical volatility rate.
The stochastic %K and %D were 11.06% and 6.83% respectively, while the average true range (ATR) was 0.0367. Based on the 14-day stochastic reading of 22.29%, the RSI (14) reading is 40.85%. On the 9-day MACD Oscillator, the stock is at -0.0114, and the 14-day reading is at -0.0286.
Analyst Ratings
Analysts have assigned Tempo Automation Holdings Inc. (TMPO) an Buy rating. TMPO is a stock that is recommended for selling by 0 brokerage firms, while 0 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 1 other recommend it as a buy.
What is TMPO’s price target for the next 12 months?
The current consensus forecast for the stock is between $5.00 and $5.00, with a median target price of $5.00. In analyzing these forecasts, the average price target given by analysts for Tempo Automation Holdings Inc. (TMPO) is $5.00.
