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As of close of business last night, SoundHound AI Inc’s stock clocked out at $4.97, up 0.40% from its previous closing price of $4.95. In other words, the price has increased by $0.40 from its previous closing price. On the day, 14.66 million shares were traded. SOUN stock price reached its highest trading level at $5.04 during the session, while it also had its lowest trading level at $4.9.
Ratios:
To gain a deeper understanding of SOUN’s stock, we examine 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:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Jul 11 ’24 when STONEHOCKER TIMOTHY sold 208,000 shares for $5.75 per share. The transaction valued at 1,196,478 led to the insider holds 659,531 shares of the business.
SHARAN NITESH sold 22,384 shares of SOUN for $90,429 on Jun 20 ’24. The Chief Financial Officer now owns 728,633 shares after completing the transaction at $4.04 per share. On Jun 24 ’24, another insider, MOHAJER KEYVAN, who serves as the CEO of the company, sold 116,504 shares for $3.95 each. As a result, the insider received 459,853 and left with 953,333 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 1782902912 and an Enterprise Value of 1587268480. For the stock, the TTM Price-to-Sale (P/S) ratio is 29.49 while its Price-to-Book (P/B) ratio in mrq is 7.72. Its current Enterprise Value per Revenue stands at 28.614 whereas that against EBITDA is -22.971.
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 6.51%, while the 200-Day Moving Average is calculated to be 27.19%.
Shares Statistics:
It appears that SOUN traded 24.72M shares on average per day over the past three months and 30463610 shares per day over the past ten days. A total of 329.17M shares are outstanding, with a floating share count of 282.93M. Insiders hold about 13.99% of the company’s shares, while institutions hold 26.82% stake in the company. Shares short for SOUN as of 1722384000 were 75858248 with a Short Ratio of 3.07, compared to 1719532800 on 71569146. Therefore, it implies a Short% of Shares Outstanding of 75858248 and a Short% of Float of 24.270001.
