Currently, there are 336.48M common shares owned by the public and among those 324.44M shares have been available to trade.
The company’s stock has a 5-day price change of 28.65% and 345.80% over the past three months. SOUN shares are trading 926.18% year to date (YTD), with the 12-month market performance up to 940.91% higher. It has a 12-month low price of $1.62 and touched a high of $24.08 over the same period. SOUN has an average intraday trading volume of 50.69 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 60.35%, 143.02%, and 264.98% respectively.
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Institutional ownership of SoundHound AI Inc (NASDAQ: SOUN) shares accounts for 26.04% of the company’s 336.48M shares outstanding.
It has a market capitalization of $9.28B and a beta (3y monthly) value of 2.85. 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 24.23% over the week and 17.43% 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.