TMPOQ Stock Plummets 99% on PNK Exchange, Tempo Automation Holdings Liquidates

TMPOQ stock has collapsed 99% to just $0.0001 USD on the PNK exchange, marking one of the most severe declines in recent market history. Tempo Automation Holdings, Inc., the San Francisco-based electronics manufacturer, filed a voluntary Chapter 7 liquidation petition in December 2023. The company once produced printed circuit board assemblies for aerospace, defense, and medical industries. Today, TMPOQ stock trades with minimal volume and virtually no recovery prospects. Investors holding this penny stock face total loss scenarios as the company winds down operations.

What Happened to TMPOQ Stock Price

TMPOQ stock has experienced a catastrophic 99% decline from its previous close of $0.01 to the current price of $0.0001. The stock’s year-high sits at $0.02, while the year-low matches the current price. Trading volume remains extremely thin at just 100 shares, compared to an average volume of 84 shares. The market cap has shrunk to a mere $3,076 USD, making TMPOQ one of the smallest-capitalized stocks on the PNK exchange.

The company’s financial metrics paint a bleak picture. Earnings per share stand at -$5.15, indicating massive losses. The 50-day moving average is $0.005892, while the 200-day moving average sits at $0.004694, both far above current trading levels. These technical indicators suggest sustained downward pressure with no signs of stabilization.

Tempo Automation Holdings Bankruptcy and Liquidation

On December 8, 2023, Tempo Automation Holdings and its affiliate filed a voluntary petition for liquidation under Chapter 7 in the U.S. Bankruptcy Court for the District of Delaware. This legal action effectively ended the company’s operations and triggered the collapse of TMPOQ stock. Founded in 2013 and headquartered at 2460 Alameda Street in San Francisco, California, the company once employed 74 full-time workers.

The company manufactured printed circuit board assemblies (PCBAs) for prototype and on-demand production markets. It served critical industries including space, semiconductor, aviation, defense, and medical devices. However, operational challenges and market pressures forced the liquidation decision. Shareholders face potential total loss as the company’s assets are liquidated to pay creditors.

Financial Deterioration and Key Metrics

TMPOQ’s financial condition has deteriorated severely across all major metrics. The company shows negative working capital of -$31.06 million and negative shareholders’ equity of -$2.94 per share. Operating cash flow per share is -$3.26, while free cash flow per share is -$3.26, indicating the company burns cash rapidly. The current ratio of 0.30 shows the company cannot cover short-term obligations with current assets.

Revenue per share stands at $1.36, but net income per share is -$16.38, revealing massive operating losses. The debt-to-equity ratio is -0.94, reflecting negative equity. Interest coverage is -1.21, meaning the company cannot service debt from operating income. Track TMPOQ on Meyka for real-time updates on this distressed security.

Market Sentiment and Trading Activity

Trading activity in TMPOQ stock remains virtually non-existent, with minimal liquidity and investor interest. The relative volume of 1.19 indicates slightly above-average activity, but absolute volume of 100 shares per day makes meaningful position entry or exit nearly impossible. The Money Flow Index (MFI) reads 32.80, suggesting weak buying pressure. The Relative Strength Index (RSI) at 46.03 indicates neutral momentum with no clear directional bias.

The Williams %R indicator at -99.50 signals extreme oversold conditions, yet this technical signal holds little practical value given the liquidation status. Stochastic indicators (%K: 33.50, %D: 38.94) confirm weakness. The Average True Range (ATR) of $0.01 reflects the stock’s penny-stock volatility. For investors, this represents a cautionary tale about bankruptcy risk and the importance of fundamental analysis.

Final Thoughts

TMPOQ stock represents a complete loss scenario for shareholders following Tempo Automation Holdings’ Chapter 7 liquidation filing in December 2023. The 99% collapse to $0.0001 USD reflects the company’s inability to survive competitive pressures in the electronics manufacturing sector. With negative equity, massive operating losses, and minimal trading volume, recovery is virtually impossible. The company’s liquidation process will prioritize creditor claims over equity holders, leaving shareholders with worthless stock. This case underscores the risks of penny stocks and the importance of monitoring bankruptcy filings. Investors should avoid TMPOQ and focus on fundamentally soun…

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Stock markets involve risks. This content is for informational purposes only. Past performance does not guarantee future results. Meyka AI PTY LTD provides market analysis and data insights, not financial advice. Always conduct your own research and consider consulting a licensed financial advisor.