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The closing price of SoundHound AI Inc (NASDAQ: SOUN) was $6.36 for the day, down -4.07% from the previous closing price of $6.63. In other words, the price has decreased by -$4.07 from its previous closing price. On the day, 35.04 million shares were traded. SOUN stock price reached its highest trading level at $6.7675 during the session, while it also had its lowest trading level at $6.22.
Ratios:
Our analysis of SOUN’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 2.58 and its Current Ratio is at 2.58. In the meantime, Its Debt-to-Equity ratio is 0.15 whereas as Long-Term Debt/Eq ratio is at 0.14.
On August 09, 2024, Cantor Fitzgerald Upgraded its rating to Overweight which previously was Neutral and also upped its target price recommendation from $5 to $7.
Cantor Fitzgerald Upgraded its Underweight to Neutral on April 11, 2024, while the target price for the stock was maintained at $4.90.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Sep 20 ’24 when SHARAN NITESH sold 39,728 shares for $4.88 per share. The transaction valued at 193,853 led to the insider holds 1,560,411 shares of the business.
ZAGORSEK MICHAEL sold 42,001 shares of SOUN for $204,944 on Sep 20 ’24. The Chief Operating Officer now owns 1,473,322 shares after completing the transaction at $4.88 per share. On Sep 20 ’24, another insider, STONEHOCKER TIMOTHY, who serves as the Chief Technology Officer of the company, sold 20,337 shares for $4.88 each. As a result, the insider received 99,234 and left with 1,039,194 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, SOUN now has a Market Capitalization of 2351610112 and an Enterprise Value of 2259846400. For the stock, the TTM Price-to-Sale (P/S) ratio is 33.52 while its Price-to-Book (P/B) ratio in mrq is 7.93. Its current Enterprise Value per Revenue stands at 33.58 whereas that against EBITDA is -26.631.
Stock Price History:
Over the past 52 weeks, SOUN has reached a high of $10.25, while it has fallen to a 52-week low of $1.62. The 50-Day Moving Average of the stock is 20.05%, while the 200-Day Moving Average is calculated to be 28.56%.
Shares Statistics:
SOUN traded an average of 21.70M shares per day over the past three months and 49190520 shares per day over the past ten days. A total of 358.73M shares are outstanding, with a floating share count of 313.03M. Insiders hold about 12.74% of the company’s shares, while institutions hold 26.89% stake in the company. Shares short for SOUN as of 1730332800 were 77778279 with a Short Ratio of 3.58, compared to 1727654400 on 78329576. Therefore, it implies a Short% of Shares Outstanding of 77778279 and a Short% of Float of 24.040001999999998.
