SoundHound AI Inc (SOUN) concluded trading on Wednesday at a closing price of $1.66, with 10.8 million shares of worth about $17.92 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -30.54% during that period and on Wednesday, January 31 the price saw a loss of about -7.26%. Currently the company’s common shares owned by public are about 246.92M shares, out of which, 197.82M shares are available for trading.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 54 times over the past 12 months. They bought 2,159,475 shares in 14 of the transactions. In 40 selling transactions, insiders dumped 21,089,658 shares.
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Stock saw a price change of -12.63% in past 5 days and over the past one month there was a price change of -21.70%. Year-to-date (YTD), SOUN shares are showing a performance of -21.70% which decreased to -19.42% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $1.49 but also hit the highest price of $5.11 during that period. The average intraday trading volume for SoundHound AI Inc shares is 8.46 million. The stock is currently trading -12.60% below its 20-day simple moving average (SMA20), while that difference is down -19.34% for SMA50 and it goes to -31.49% lower than SMA200.
SoundHound AI Inc (NASDAQ: SOUN) currently have 246.92M outstanding shares and institutions hold larger chunk of about 22.39% of that.
The stock has a current market capitalization of $409.89M and its 3Y-monthly beta is at 0.94. It has posted earnings per share of -$0.47 in the same period. It has Quick Ratio of 5.11 while making debt-to-equity ratio of 3.47. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for SOUN, volatility over the week remained 6.17% while standing at 6.23% over the month.
Analysts are in expectations that SoundHound AI Inc (SOUN) stock would likely to be making an EPS of $Sunoco LP in the current quarter, while forecast for next quarter EPS is $59.47 and it is $Stocks for next year. For the current quarter EPS, analysts have given the company a lowest target $Sonoco Products Company which is $Sonnet BioTherapeutics Holdings at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $SoundThinking, Inc. in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 49.32% while it is estimated to increase by 25.95% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Ladenburg Thalmann on January 30, 2024 offering a Buy rating for the stock and assigned a target price of $4 to it.
