It is Poised to be a Bull Market for Tempo Automation Holdings Inc. (TMPO)

Tempo Automation Holdings Inc. (NASDAQ: TMPO) stock fell -0.37% on Thursday to $0.27 against a previous-day closing price of $0.27. With 0.13 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.92 million shares. During the session, the Electronic Components company that operates in wider Technology sector, reached to the highest price of $0.2900 whereas the lowest price it dropped to was $0.2651. The 52-week range on TMPO shows that it touched its highest point at $15.15 and its lowest point at $0.23 during that stretch. It currently has a 1-year price target of $3.00.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of TMPO was up-trending over the past week, with a rise of 3.89%, but this was down by -35.50% over a month. Three-month performance dropped to -79.39% while six-month performance fell -97.24%. The stock lost -97.31% in the past year, while it has lost -65.49% so far this year. A look at the trailing 12-month EPS for TMPO yields -5.34 with Next year EPS estimates of -0.70. For the next quarter, that number is -0.24. This implies an EPS growth rate of -201.70% for this year and 19.50% for next year.

Float and Shares Shorts:

At present, 30.75 million TMPO shares are outstanding with a float of 19.96 million shares on hand for trading. On Apr 27, 2023, short shares totaled 0.61 million, which was 2.23% higher than short shares on Mar 30, 2023. In addition to Ms. Joy Weiss as the firm’s Pres, CEO & Director, Mr. Ryan A. Benton serves as its CFO, Sec. & Director.

Institutional Ownership:

Through their ownership of 47.89% of TMPO’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 4.65% of TMPO, in contrast to 3.01% held by mutual funds. Shares owned by individuals account for 11.82%. As the largest shareholder in TMPO with 2.97% of the stake, Cantor Fitzgerald & Co. holds 805,000 shares worth 805,000. A second-largest stockholder of TMPO, Firsthand Capital Management, Inc, holds 520,000 shares, controlling over 1.92% of the firm’s shares. Amundi Asset Management SA is the third largest shareholder in TMPO, holding 188,152 shares or 0.69% stake. With a 1.92% stake in TMPO, the Firsthand Technology Opportunitie is the largest stakeholder. A total of 520,000 shares are owned by the mutual fund manager. The Lyxor Newcits IRL Plc – Tiedemann, which owns about 0.69% of TMPO stock, is the second-largest Mutual Fund holder. It holds 188,152 shares valued at 70745.0. Private Shares Fund holds 0.35% of the stake in TMPO, owning 93,787 shares worth 35264.0.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, TMPO reported revenue of $3.90M and operating income of -$10.61M. The EBITDA in the recently reported quarter was -$8.97M and diluted EPS was -$0.47.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for TMPO since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With TMPO analysts setting a high price target of $5.00 and a low target of $1.00, the average target price over the next 12 months is $3.00. Based on these targets, TMPO could surge 1751.85% to reach the target high and rise by 270.37% to reach the target low. Reaching the average price target will result in a growth of 1011.11% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

Summary of Insider Activity:

Insiders traded TMPO stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 5 while that of sell transactions has risen to 3 over the past year. The total number of shares bought during that period was 652,055 while 680,356 shares were sold.

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