For those aiming to surpass market returns, the art of stock picking is crucial. Making wise choices in stocks can greatly enhance your overall wealth.
The closing price of SoundHound AI Inc (NASDAQ: SOUN) was $9.86 for the day, up 2.82% from the previous closing price of $9.59. In other words, the price has increased by $2.82 from its previous closing price. On the day, 26.09 million shares were traded. SOUN stock price reached its highest trading level at $10.085 during the session, while it also had its lowest trading level at $9.29.
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 20 ’25 when ZAGORSEK MICHAEL bought 52,001 shares for $9.85 per share.
STONEHOCKER TIMOTHY bought 27,714 shares of SOUN for $272,983 on Mar 20 ’25. On Mar 20 ’25, another insider, SHARAN NITESH, who serves as the Officer of the company, bought 48,639 shares for $9.85 each.
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 3933765120 and an Enterprise Value of 3739890176. For the stock, the TTM Price-to-Sale (P/S) ratio is 46.45 while its Price-to-Book (P/B) ratio in mrq is 21.25. Its current Enterprise Value per Revenue stands at 44.158 whereas that against EBITDA is -39.067.
Stock Price History:
The Beta on a monthly basis for SOUN is 2.90, which has changed by 0.6825938 over the last 52 weeks, in comparison to a change of 0.086116076 over the same period for the S&P500. Over the past 52 weeks, SOUN has reached a high of $24.98, while it has fallen to a 52-week low of $3.50. The 50-Day Moving Average of the stock is -19.69%, while the 200-Day Moving Average is calculated to be 16.19%.
Shares Statistics:
SOUN traded an average of 53.22M shares per day over the past three months and 28476900 shares per day over the past ten days. A total of 361.10M shares are outstanding, with a floating share count of 355.97M. Insiders hold about 10.78% of the company’s shares, while institutions hold 32.84% stake in the company. Shares short for SOUN as of 1740700800 were 119717694 with a Short Ratio of 2.25, compared to 1738281600 on 101798456. Therefore, it implies a Short% of Shares Outstanding of 119717694 and a Short% of Float of 33.380002.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0
