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.
SoundHound AI Inc (NASDAQ: SOUN) closed the day trading at $10.31 down -5.50% from the previous closing price of $10.91. In other words, the price has decreased by -$5.50 from its previous closing price. On the day, 34.36 million shares were traded.
Ratios:
For a better understanding of SOUN, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 2.58 and its Current Ratio is at 2.58. In the meantime, Its Debt-to-Equity ratio is 0.15 whereas as Long-Term Debt/Eq ratio is at 0.14.
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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Dec 23 ’24 when MARCUS LAWRENCE sold 20,000 shares for $20.47 per share. The transaction valued at 409,436 led to the insider holds 108,117 shares of the business.
SROKA DIANA sold 3,402 shares of SOUN for $77,225 on Dec 23 ’24. The Director now owns 142,252 shares after completing the transaction at $22.70 per share. On Dec 24 ’24, another insider, MOHAJER KEYVAN, who serves as the CEO of the company, sold 156,288 shares for $20.20 each. As a result, the insider received 3,157,484 and left with 2,021,666 shares of the company.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 60.28 while its Price-to-Book (P/B) ratio in mrq is 12.86.
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 $3.46. The 50-Day Moving Average of the stock is -36.04%, while the 200-Day Moving Average is calculated to be 28.35%.
Shares Statistics:
A total of 336.48M shares are outstanding, with a floating share count of 327.33M. Insiders hold about 11.47% of the company’s shares, while institutions hold 35.42% stake in the company.
