Shares of Tempus AI Inc. (NASDAQ: TEM) are experiencing a sharp downturn in Tuesday’s trading session, with the stock plummeting to $53.63 USD as of 12:06 pm GMT-4 on May 28th. This represents a significant intraday drop of $12.24, or 18.58%, signaling considerable selling pressure on the artificial intelligence and precision medicine company.
Tempus AI, which aims to leverage AI in healthcare, saw its stock open at $63.99, a level notably below its previous close of $65.87. The shares briefly touched an intraday high of $64.25 before embarking on a steep decline. The current price of $53.63 is hovering near the day’s low of $52.94, indicating a challenging session for the company’s stock.
The intraday chart for Tempus AI depicts a consistent downward trajectory since the market open, with the sell-off intensifying as the morning progressed. This substantial move is likely drawing significant attention from both retail and institutional investors.
Key financial metrics for Tempus AI show a market capitalization of 929.36Cr. Notably, the company currently does not have a reported P/E ratio or a dividend yield, which can be common for companies in high-growth phases or those reinvesting heavily in research and development.
Looking at the broader picture, Tempus AI’s 52-week high stands at $91.45, while its 52-week low is $22.89. Today’s sharp decline brings the stock further away from its annual peak. Investors will be closely monitoring trading volumes and any company-specific news or broader market factors that could be contributing to this significant price movement.
