Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
The closing price of SoundHound AI Inc (NASDAQ: SOUN) was $9.74 for the day, up 1.99% from the previous closing price of $9.55. In other words, the price has increased by $1.99 from its previous closing price. On the day, 30.38 million shares were traded.
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 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:
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 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:
For the stock, the TTM Price-to-Sale (P/S) ratio is 45.23 while its Price-to-Book (P/B) ratio in mrq is 20.99.
Stock Price History:
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 -33.23%, while the 200-Day Moving Average is calculated to be 17.86%.
Shares Statistics:
A total of 361.10M shares are outstanding, with a floating share count of 350.47M. Insiders hold about 10.89% of the company’s shares, while institutions hold 33.32% stake in the company.
