Currently, there are 336.48M common shares owned by the public and among those 325.72M shares have been available to trade.
The company’s stock has a 5-day price change of -29.71% and 45.04% over the past three months. SOUN shares are trading -44.73% year to date (YTD), with the 12-month market performance up to 381.98% higher. It has a 12-month low price of $2.22 and touched a high of $24.98 over the same period. SOUN has an average intraday trading volume of 72.73 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 -25.83%, -32.28%, and 38.76% respectively.
Institutional ownership of SoundHound AI Inc (NASDAQ: SOUN) shares accounts for 35.45% of the company’s 336.48M shares outstanding.
It has a market capitalization of $4.05B and a beta (3y monthly) value of 2.73. 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 9.95% over the week and 10.08% over the month.
Analysts forecast that SoundHound AI Inc (SOUN) will achieve an EPS of -0.09 for the current quarter, -0.07 for the next quarter and -0.17 for current fiscal year. The lowest estimate earnings-per-share for the quarter is -0.11 while analysts give the company a high EPS estimate of -0.11. Comparatively, EPS for the current quarter was -0.06 a year ago. 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.
