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The price of SoundHound AI Inc (NASDAQ: SOUN) closed at $4.50 in the last session, up 0.22% from day before closing price of $4.49. In other words, the price has increased by $0.22 from its previous closing price. On the day, 19.39 million shares were traded. SOUN stock price reached its highest trading level at $4.69 during the session, while it also had its lowest trading level at $4.34.
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 4.69 and its Current Ratio is at 4.69. In the meantime, Its Debt-to-Equity ratio is 3.20 whereas as Long-Term Debt/Eq ratio is at 3.10.
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 Mar 22 ’24 when MOHAJER KEYVAN sold 31,665 shares for $6.08 per share. The transaction valued at 192,454 led to the insider holds 1,137,831 shares of the business.
STONEHOCKER TIMOTHY sold 5,276 shares of SOUN for $40,605 on Mar 21 ’24. The Chief Technology Officer now owns 982,584 shares after completing the transaction at $7.70 per share. On Mar 19 ’24, another insider, MOHAJER KEYVAN, who serves as the CEO of the company, sold 48,837 shares for $8.37 each. As a result, the insider received 408,551 and left with 1,169,496 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 1442024960 and an Enterprise Value of 1400102400. For the stock, the TTM Price-to-Sale (P/S) ratio is 30.33 while its Price-to-Book (P/B) ratio in mrq is 81.89. Its current Enterprise Value per Revenue stands at 30.521 whereas that against EBITDA is -22.678.
Stock Price History:
The Beta on a monthly basis for SOUN is 3.27, which has changed by 0.65073526 over the last 52 weeks, in comparison to a change of 0.22379243 over the same period for the S&P500. 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 -18.08%, while the 200-Day Moving Average is calculated to be 51.76%.
Shares Statistics:
According to the various share statistics, SOUN traded on average about 66.80M shares per day over the past 3-months and 25707430 shares per day over the past 10 days. A total of 309.12M shares are outstanding, with a floating share count of 259.64M. Insiders hold about 16.01% of the company’s shares, while institutions hold 19.14% stake in the company. Shares short for SOUN as of 1713139200 were 55086298 with a Short Ratio of 0.82, compared to 1710460800 on 40445595. Therefore, it implies a Short% of Shares Outstanding of 55086298 and a Short% of Float of 19.319999.
Earnings Estimates
SoundHound AI Inc (SOUN) is currently under the scrutiny of 6.0 analysts, each contributing to the ongoing evaluation of its stock.On average, analysts expect EPS of -$0.09 for the current quarter, with a high estimate of -$0.07 and a low estimate of -$0.1, while EPS last year was -$0.13. The consensus estimate for the next quarter is -$0.08, with high estimates of -$0.07 and low estimates of -$0.09.
Analysts are recommending an EPS of between -$0.27 and -$0.33 for the fiscal current year, implying an average EPS of -$0.3. EPS for the following year is -$0.21, with 6.0 analysts recommending between -$0.18 and -$0.23.
Revenue Estimates
According to 6 analysts, the current quarter’s revenue is expected to be $10.1M. It ranges from a high estimate of $10.17M to a low estimate of $10.06M. As of the current estimate, SoundHound AI Inc’s year-ago sales were $6.71MFor the next quarter, 6 analysts are estimating revenue of $13.77M. There is a high estimate of $15.3M for the next quarter, whereas the lowest estimate is $13.1M.
A total of 6 analysts have provided revenue estimates for SOUN’s current fiscal year. The highest revenue estimate was $70.2M, while the lowest revenue estimate was $68.6M, resulting in an average revenue estimate of $69.49M. In the same quarter a year ago, actual revenue was $45.87MBased on 6 analysts’ estimates, the company’s revenue will be $102.76M in the next fiscal year. The high estimate is $105.72M and the low estimate is $99.4M.
