Currently, there are 246.92M common shares owned by the public and among those 195.13M shares have been available to trade.
Insiders at the company have transacted a total of 51 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 14 of these insider trades were purchases, accounting for 2,159,475 shares. Insider sales of the common stock occurred on 37 occasions, with total insider shares sold totaling 21,060,506 shares.
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The company’s stock has a 5-day price change of 4.26% and 84.91% over the past three months. SOUN shares are trading 84.91% year to date (YTD), with the 12-month market performance down to -1.51% lower. It has a 12-month low price of $1.49 and touched a high of $5.11 over the same period. SOUN has an average intraday trading volume of 19.58 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 63.67%, 80.65%, and 61.96% respectively.
Institutional ownership of SoundHound AI Inc (NASDAQ: SOUN) shares accounts for 23.19% of the company’s 246.92M shares outstanding.
It has a market capitalization of $967.93M and a beta (3y monthly) value of 1.82. The earnings-per-share (ttm) stands at -$0.47. Price movements for the stock have been influenced by the stock’s volatility, which stands at 13.61% over the week and 10.51% over the month.
Analysts forecast that SoundHound AI Inc (SOUN) will achieve an EPS of -$0.06 for the current quarter, -$0.08 for the next quarter and -$0.27 for 2024. The lowest estimate earnings-per-share for the quarter is -$0.07 while analysts give the company a high EPS estimate of -$0.03. Comparatively, EPS for the current quarter was -$0.15 a year ago. Earnings per share for the fiscal year are expected to increase by 49.59%, and 26.63% over the next financial year.
Looking at the support for the SOUN, a number of firms have released research notes about the stock. Ladenburg Thalmann stated their Buy rating for the stock in a research note on January 30, 2024, with the firm’s price target at $4. DA Davidson coverage for the SoundHound AI Inc (SOUN) stock in a research note released on September 27, 2023 offered a Buy rating with a price target of $5. Cantor Fitzgerald on their part issued Neutral rating on July 01, 2022.
