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The closing price of SoundHound AI Inc (NASDAQ: SOUN) was $5.14 for the day, up 2.19% from the previous closing price of $5.03. In other words, the price has increased by $2.19 from its previous closing price. On the day, 14.21 million shares were traded. SOUN stock price reached its highest trading level at $5.31 during the session, while it also had its lowest trading level at $5.092.
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 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:
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 1843887488 and an Enterprise Value of 1648253056. For the stock, the TTM Price-to-Sale (P/S) ratio is 33.97 while its Price-to-Book (P/B) ratio in mrq is 7.98. Its current Enterprise Value per Revenue stands at 29.714 whereas that against EBITDA is -23.854.
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 $1.51. The 50-Day Moving Average of the stock is 3.87%, while the 200-Day Moving Average is calculated to be 9.03%.
Shares Statistics:
SOUN traded an average of 19.16M shares per day over the past three months and 24995240 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 24.90% stake in the company. Shares short for SOUN as of 1728950400 were 74422512 with a Short Ratio of 3.88, compared to 1726185600 on 78501279. Therefore, it implies a Short% of Shares Outstanding of 74422512 and a Short% of Float of 23.0.
