SoundHound AI Inc (NASDAQ:SOUN) currently has a daily average trading volume of 20.33M but it saw 72634498 shares traded in last market. With a market cap of 2.25B USD, the company’s current market price of $6.27 came falling about -17.06 while comparing to the previous closing price of $7.56. In past 52 weeks, the stock remained buoying in the range of price level as high as $10.25 and as low as $1.62. In the recent trading on the day, stock has struck highest price mark of $6.06 while lowest mark touched by it was $6.75.
Taking a look at 20-day trading activity of SoundHound AI Inc (SOUN) gives us an average price of $5.82, while its current price level is -38.83% below from 52-week high level whereas it is 287.04% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $5.21 while that of 200 days or SMA-200 reads an average of $4.90. A closer look into the stock’s movement over the week reveals that its volatility is standing at 13.60% during that period while stretching the period over a month that decreases to 8.89%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 54.71 which implies that the stock is in neutral territory.
The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Ladenburg Thalmann which downgraded the stock as “Neutral” in its note to investors issued on November 13, 2024, recommending a price target of $7 for it. Cantor Fitzgerald upgraded its recommendation for the stock as a “Overweight” from “Neutral” on August 09, 2024 while assigning a price target range of $5-$7. Cantor Fitzgerald issued its recommendations for the stock as it upgraded the price target for the stock is $4.90.
Over the week, SOUN’s stock price is moving 10.19% up while it is 18.08% when we observe its performance for the past one month. Year-to-date it is 195.75% up and over the past year, the stock is showing an upside performance of 215.08%.
The latest quarterly earnings report issued by the company reported quarterly earnings per share (EPS) of -0.06 beat the consensus estimate of -0.06 for the same. The company is expected to be releasing its next quarterly report in December, for which analysts forecasted an EPS of -0.06 while estimate for next year EPS is -0.25. In next quarter, company is expected to be making quarterly sales of $29.96M as analysts are expecting the sales for current fiscal year at $83.59M and seeing the company making $159.3M in sales next year. Moreover, analysts are in estimates of $34.63M for current-quarter revenue.
Currently, SoundHound AI Inc’s total number of outstanding shares is 358.73M. Company’s return on investment (ROI) stands at -32.60% and return on equity (ROE) at -68.39%. Stock’s beta reads 3.18. Stock has a price to book (P/B) ratio of 7.82 while price to sale or P/S ratio amounts to 33.42. Its return on asset (ROA) is -34.21% on average.
