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The price of SoundHound AI Inc (NASDAQ: SOUN) closed at $4.89 in the last session, up 1.03% from day before closing price of $4.84. In other words, the price has increased by $1.03 from its previous closing price. On the day, 9.12 million shares were traded. SOUN stock price reached its highest trading level at $4.96 during the session, while it also had its lowest trading level at $4.83.
Ratios:
We take a closer look at SOUN’s different ratios to gain a better understanding of the stock. 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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Aug 20 ’24 when MARCUS LAWRENCE sold 50,000 shares for $5.02 per share. The transaction valued at 250,970 led to the insider holds 74,038 shares of the business.
STONEHOCKER TIMOTHY sold 208,000 shares of SOUN for $1,196,478 on Jul 11 ’24. The Chief Technology Officer now owns 659,531 shares after completing the transaction at $5.75 per share. On Jun 20 ’24, another insider, SHARAN NITESH, who serves as the Chief Financial Officer of the company, sold 22,384 shares for $4.04 each. As a result, the insider received 90,429 and left with 728,633 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 3.01%, while the 200-Day Moving Average is calculated to be 20.09%.
Shares Statistics:
According to the various share statistics, SOUN traded on average about 24.00M shares per day over the past 3-months and 17336460 shares per day over the past 10 days. A total of 358.73M shares are outstanding, with a floating share count of 311.41M. Insiders hold about 13.19% of the company’s shares, while institutions hold 24.57% stake in the company. Shares short for SOUN as of 1723680000 were 77413867 with a Short Ratio of 3.23, compared to 1721001600 on 74225979. Therefore, it implies a Short% of Shares Outstanding of 77413867 and a Short% of Float of 23.93.
