Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
The closing price of SoundHound AI Inc (NASDAQ: SOUN) was $9.47 for the day, down -2.77% from the previous closing price of $9.74. In other words, the price has decreased by -$2.77 from its previous closing price. On the day, 13.06 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 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:
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 Mar 24 ’25 when HOM JAMES MING sold 51,196 shares for $10.25 per share. The transaction valued at 524,831 led to the insider holds 638,456 shares of the business.
HOM JAMES MING sold 28,388 shares of SOUN for $281,092 on Mar 20 ’25. The Chief Product Officer now owns 689,652 shares after completing the transaction at $9.90 per share. On Mar 24 ’25, another insider, MOHAJER KEYVAN, who serves as the CEO of the company, sold 138,895 shares for $10.08 each. As a result, the insider received 1,400,062 and left with 1,764,166 shares of the company.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 44.79 while its Price-to-Book (P/B) ratio in mrq is 20.41.
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 $3.82. The 50-Day Moving Average of the stock is 3.39%, while the 200-Day Moving Average is calculated to be 4.86%.
Shares Statistics:
A total of 361.10M shares are outstanding, with a floating share count of 358.08M. Insiders hold about 10.61% of the company’s shares, while institutions hold 32.66% stake in the company.
