As of close of business last night, SoundHound AI Inc’s stock clocked out at $5.62, down -6.79% from its previous closing price of $6.03. In other words, the price has decreased by -$0.41 from its previous closing price. On the day, 90990243 shares were traded.
Ratios:
To gain a deeper understanding of SOUN’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 4.69 and its Current Ratio is at 4.69. In the meantime, Its Debt-to-Equity ratio is 3.20 whereas as Long-Term Debt/Eq ratio is at 3.10.
On January 30, 2024, Ladenburg Thalmann started tracking the stock assigning a Buy rating and target price of $4.
On September 27, 2023, DA Davidson started tracking the stock assigning a Buy rating and target price of $5.DA Davidson initiated its Buy rating on September 27, 2023, with a $5 target price.
Insider Transactions:
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 Feb 27 when Ball Eric R. sold 40,000 shares for $7.12 per share. The transaction valued at 284,800 led to the insider holds 490,250 shares of the business.
Ball Eric R. sold 50,000 shares of SOUN for $250,010 on Feb 26. The Director now owns 530,250 shares after completing the transaction at $5.00 per share. On Feb 21, another insider, STONEHOCKER TIMOTHY, who serves as the Chief Technology Officer of the company, sold 6,615 shares for $3.56 each. As a result, the insider received 23,549 and left with 983,561 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 1.54B and an Enterprise Value of 1.55B. For the stock, the TTM Price-to-Sale (P/S) ratio is 30.28 while its Price-to-Book (P/B) ratio in mrq is 102.37. Its current Enterprise Value per Revenue stands at 33.81 whereas that against EBITDA is -25.10.
Stock Price History:
Over the past 52 weeks, SOUN has reached a high of $7.91, while it has fallen to a 52-week low of $1.49. The 50-Day Moving Average of the stock is 2.64, while the 200-Day Moving Average is calculated to be 2.52.
Shares Statistics:
It appears that SOUN traded 34.98M shares on average per day over the past three months and 134.29M shares per day over the past ten days. A total of 216.94M shares are outstanding, with a floating share count of 195.22M. Insiders hold about 20.94% of the company’s shares, while institutions hold 23.20% stake in the company. Shares short for SOUN as of Feb 15, 2024 were 25.23M with a Short Ratio of 0.72, compared to 27.18M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 9.86% and a Short% of Float of 13.97%.
Earnings Estimates
As of right now, 5 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of -$0.09 for the current quarter, with a high estimate of -$0.07 and a low estimate of -$0.1, while EPS last year was -$0.13. The consensus estimate for the next quarter is -$0.08, with high estimates of -$0.07 and low estimates of -$0.09.
Analysts are recommending an EPS of between -$0.27 and -$0.33 for the fiscal current year, implying an average EPS of -$0.29. EPS for the following year is -$0.21, with 4 analysts recommending between -$0.18 and -$0.23.
Revenue Estimates
In the current quarter, 6 analysts expect revenue to total $10.1M. It ranges from a high estimate of $10.17M to a low estimate of $10.06M. As of the current estimate, SoundHound AI Inc’s year-ago sales were $6.71M, an estimated increase of 50.60% from the year-ago figure. For the next quarter, 6 analysts are estimating revenue of $13.77M, an increase of 70.80% over than the figure of $50.60% in the same quarter last year. There is a high estimate of $15.3M for the next quarter, whereas the lowest estimate is $13.1M.
A total of 6 analysts have provided revenue estimates for SOUN’s current fiscal year. The highest revenue estimate was $70.2M, while the lowest revenue estimate was $68.6M, resulting in an average revenue estimate of $69.49M. In the same quarter a year ago, actual revenue was $45.87M, up 51.50% from the average estimate. Based on 5 analysts’ estimates, the company’s revenue will be $102.31M in the next fiscal year. The high estimate is $105.72M and the low estimate is $99.4M. The average revenue growth estimate for next year is up 47.20% from the average revenue estimate for this year.
