As of close of business last night, SoundHound AI Inc.’s stock clocked out at $1.47, up 3.52% from its previous closing price of $1.42. In other words, the price has increased by $+0.0500 from its previous closing price. On the day, 1587063 shares were traded. SOUN stock price reached its highest trading level at $1.5791 during the session, while it also had its lowest trading level at $1.4100.
To gain a deeper understanding of SOUN’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.10 and its Current Ratio is at 1.10.
Upgrades & Downgrades
On July 01, 2022, Cantor Fitzgerald started tracking the stock assigning a Neutral rating and target price of $3.
On June 28, 2022, Wedbush started tracking the stock assigning a Outperform rating and target price of $7.Wedbush initiated its Outperform rating on June 28, 2022, with a $7 target price.
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Dec 28 when STONEHOCKER TIMOTHY sold 3,385 shares for $1.00 per share. The transaction valued at 3,385 led to the insider holds 1,074,116 shares of the business.
HOM JAMES MING sold 661,192 shares of SOUN for $826,490 on Dec 01. The Chief Product Officer now owns 415,000 shares after completing the transaction at $1.25 per share. On Nov 22, another insider, STONEHOCKER TIMOTHY, who serves as the Chief Technology Officer of the company, sold 46,213 shares for $1.59 each. As a result, the insider received 73,483 and left with 1,077,501 shares of the company.
For the stock, the TTM Price-to-Sale (P/S) ratio is 9.49.
Stock Price History:
Over the past 52 weeks, SOUN has reached a high of $18.14, while it has fallen to a 52-week low of $0.93. The 50-Day Moving Average of the stock is 1.3477, while the 200-Day Moving Average is calculated to be 3.4388.
It appears that SOUN traded 935.40K shares on average per day over the past three months and 1.86M shares per day over the past ten days. A total of 197.01M shares are outstanding, with a floating share count of 119.85M. Insiders hold about 3.10% of the company’s shares, while institutions hold 11.00% stake in the company. Shares short for SOUN as of Oct 13, 2022 were 1.26M with a Short Ratio of 4.42M, compared to 920.84k on Sep 14, 2022.
As of right now, 2 analysts gave their recommendation on the stock of the company. The consensus estimate for the next quarter is -$0.18, with high estimates of -$0.15 and low estimates of -$0.21.
Analysts are recommending an EPS of between -$0.82 and -$2.57 for the fiscal current year, implying an average EPS of -$1.69. EPS for the following year is -$0.55, with 2 analysts recommending between -$0.45 and -$0.66.
Based on 2 analysts’ estimates, the company’s revenue will be $84.13M in the next fiscal year. The high estimate is $87.7M and the low estimate is $80.57M. The average revenue growth estimate for next year is up 176.70% from the average revenue estimate for this year.