Currently, there are 358.73M common shares owned by the public and among those 313.03M shares have been available to trade.
The company’s stock has a 5-day price change of 29.72% and 65.00% over the past three months. SOUN shares are trading 289.15% year to date (YTD), with the 12-month market performance up to 280.18% higher. It has a 12-month low price of $1.62 and touched a high of $10.25 over the same period. SOUN has an average intraday trading volume of 23.16 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 29.91%, 49.74%, and 62.55% respectively.
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Institutional ownership of SoundHound AI Inc (NASDAQ: SOUN) shares accounts for 26.85% of the company’s 358.73M shares outstanding.
It has a market capitalization of $3.61B and a beta (3y monthly) value of 3.12. The earnings-per-share (ttm) stands at -$0.36. Price movements for the stock have been influenced by the stock’s volatility, which stands at 12.06% over the week and 10.36% over the month.
Earnings per share for the fiscal year are expected to increase by 5.42%, and 32.16% 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 Neutral rating for the stock in a research note on November 13, 2024, with the firm’s price target at $7. Cantor Fitzgerald coverage for the SoundHound AI Inc (SOUN) stock in a research note released on August 09, 2024 offered a Overweight rating with a price target of $7. Northland Capital on their part issued Market Perform rating on February 28, 2024.
