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After finishing at $4.90 in the prior trading day, SoundHound AI Inc (NASDAQ: SOUN) closed at $4.89, down -0.20%. In other words, the price has decreased by -$0.20 from its previous closing price. On the day, 16.28 million shares were traded. SOUN stock price reached its highest trading level at $5.14 during the session, while it also had its lowest trading level at $4.88.
Ratios:
Our goal is to gain a better understanding of SOUN by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 8.77 and its Current Ratio is at 8.77. In the meantime, Its Debt-to-Equity ratio is 0.02 whereas as Long-Term Debt/Eq ratio is at 0.01.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Cantor Fitzgerald on August 09, 2024, Upgraded its rating to Overweight and sets its target price to $7 from $5 previously.
On April 11, 2024, Cantor Fitzgerald Upgraded its rating to Neutral which previously was Underweight but kept the price unchanged to $4.90.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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 1754204288 and an Enterprise Value of 1558569856. For the stock, the TTM Price-to-Sale (P/S) ratio is 31.62 while its Price-to-Book (P/B) ratio in mrq is 7.60. Its current Enterprise Value per Revenue stands at 28.097 whereas that against EBITDA is -22.556.
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 $1.49. The 50-Day Moving Average of the stock is 0.35%, while the 200-Day Moving Average is calculated to be 13.98%.
Shares Statistics:
The stock has traded on average 23.01M shares per day over the past 3-months and 12881020 shares per day over the last 10 days, according to various share statistics. A total of 358.73M shares are outstanding, with a floating share count of 312.73M. Insiders hold about 12.82% of the company’s shares, while institutions hold 24.66% stake in the company. Shares short for SOUN as of 1724976000 were 80468668 with a Short Ratio of 3.41, compared to 1722384000 on 75858248. Therefore, it implies a Short% of Shares Outstanding of 80468668 and a Short% of Float of 24.88.
