For those desiring to outshine the market, the strategic selection of individual stocks is paramount. Well-chosen stocks have the potential to substantially boost your wealth.
In the latest session, SoundHound AI Inc (NASDAQ: SOUN) closed at $12.79 down -0.23% from its previous closing price of $12.82. In other words, the price has decreased by -$0.23 from its previous closing price. On the day, 65.68 million shares were traded. SOUN stock price reached its highest trading level at $14.41 during the session, while it also had its lowest trading level at $12.41.
Ratios:
For a deeper understanding of SoundHound AI Inc’s stock, let’s take a closer look at its various 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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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:
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 4729102848 and an Enterprise Value of 4637340160. For the stock, the TTM Price-to-Sale (P/S) ratio is 70.27 while its Price-to-Book (P/B) ratio in mrq is 15.95. Its current Enterprise Value per Revenue stands at 68.909 whereas that against EBITDA is -54.649.
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 $1.62. The 50-Day Moving Average of the stock is 0.35%, while the 200-Day Moving Average is calculated to be 88.47%.
Shares Statistics:
For the past three months, SOUN has traded an average of 66.46M shares per day and 69285460 over the past ten days. A total of 336.48M shares are outstanding, with a floating share count of 325.24M. Insiders hold about 12.04% of the company’s shares, while institutions hold 26.23% stake in the company. Shares short for SOUN as of 1735603200 were 79991019 with a Short Ratio of 1.20, compared to 1732838400 on 81645977. Therefore, it implies a Short% of Shares Outstanding of 79991019 and a Short% of Float of 23.91.
