SoundHound AI Inc (NASDAQ:SOUN) currently has a daily average trading volume of 39.65M but it saw 50090085 shares traded in last market. With a market cap of 5.05B USD, the company’s current market price of $13.67 came rising about 0.89 while comparing to the previous closing price of $13.55. In past 52 weeks, the stock remained buoying in the range of price level as high as $16.07 and as low as $1.62. In the recent trading on the day, stock has struck highest price mark of $13.02 while lowest mark touched by it was $14.3.
Taking a look at 20-day trading activity of SoundHound AI Inc (SOUN) gives us an average price of $9.65, while its current price level is -14.93% below from 52-week high level whereas it is 743.83% 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 $7.17 while that of 200 days or SMA-200 reads an average of $5.55. A closer look into the stock’s movement over the week reveals that its volatility is standing at 14.18% during that period while stretching the period over a month that decreases to 13.31%. 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 72.75 which implies that the stock is in overbought 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 2.55% up while it is 80.82% when we observe its performance for the past one month. Year-to-date it is 544.81% up and over the past year, the stock is showing an upside performance of 593.91%.
The company is expected to be releasing its next quarterly report in January, for which analysts forecasted an EPS of -0.08 while estimate for next year EPS is -0.24. In next quarter, company is expected to be making quarterly sales of $32.19M as analysts are expecting the sales for current fiscal year at $83.87M and seeing the company making $164.13M in sales next year. Moreover, analysts are in estimates of $33.73M for current-quarter revenue.
Currently, SoundHound AI Inc’s total number of outstanding shares is 336.48M. Company’s return on investment (ROI) stands at -32.87% and return on equity (ROE) at -68.39%. Stock’s beta reads 3.39. Stock has a price to book (P/B) ratio of 17.05 while price to sale or P/S ratio amounts to 75.10. Its return on asset (ROA) is -34.21% on average.
