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The price of SoundHound AI Inc (NASDAQ: SOUN) closed at $9.57 in the last session, down -5.06% from day before closing price of $10.08. In other words, the price has decreased by -$5.06 from its previous closing price. On the day, 18.26 million shares were traded. SOUN stock price reached its highest trading level at $9.86 during the session, while it also had its lowest trading level at $9.41.
Ratios:
We take a closer look at SOUN’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 3.77 and its Current Ratio is at 3.77. In the meantime, Its Debt-to-Equity ratio is 0.02 whereas as Long-Term Debt/Eq ratio is at 0.01.
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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Dec 23 ’24 when MARCUS LAWRENCE sold 20,000 shares for $20.47 per share. The transaction valued at 409,436 led to the insider holds 108,117 shares of the business.
SROKA DIANA sold 3,402 shares of SOUN for $77,225 on Dec 23 ’24. The Director now owns 142,252 shares after completing the transaction at $22.70 per share. On Dec 24 ’24, another insider, MOHAJER KEYVAN, who serves as the CEO of the company, sold 156,288 shares for $20.20 each. As a result, the insider received 3,157,484 and left with 2,021,666 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 4021533952 and an Enterprise Value of 3624191232. For the stock, the TTM Price-to-Sale (P/S) ratio is 45.08 while its Price-to-Book (P/B) ratio in mrq is 20.62. Its current Enterprise Value per Revenue stands at 42.792 whereas that against EBITDA is -37.859.
Stock Price History:
The Beta on a monthly basis for SOUN is 2.87, which has changed by 0.20680964 over the last 52 weeks, in comparison to a change of 0.07465422 over the same period for the S&P500. Over the past 52 weeks, SOUN has reached a high of $24.98, while it has fallen to a 52-week low of $3.50. The 50-Day Moving Average of the stock is -25.59%, while the 200-Day Moving Average is calculated to be 13.75%.
Shares Statistics:
According to the various share statistics, SOUN traded on average about 59.13M shares per day over the past 3-months and 29992010 shares per day over the past 10 days. A total of 361.10M shares are outstanding, with a floating share count of 355.97M. Insiders hold about 10.78% of the company’s shares, while institutions hold 32.85% stake in the company. Shares short for SOUN as of 1740700800 were 119717694 with a Short Ratio of 2.02, compared to 1738281600 on 101798456. Therefore, it implies a Short% of Shares Outstanding of 119717694 and a Short% of Float of 33.380002.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0
