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The price of SoundHound AI Inc (NASDAQ: SOUN) closed at $8.88 in the last session, down -0.78% from day before closing price of $8.95. In other words, the price has decreased by -$0.78 from its previous closing price. On the day, 36.45 million shares were traded. SOUN stock price reached its highest trading level at $9.135 during the session, while it also had its lowest trading level at $8.55.
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 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:
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 Dec 02 ’24 when SEYED MAJID EMAMI bought 94,067 shares for $9.31 per share.
MARCUS LAWRENCE sold 30,000 shares of SOUN for $214,500 on Nov 21 ’24. The Director now owns 178,117 shares after completing the transaction at $7.15 per share. On Nov 22 ’24, another insider, MARCUS LAWRENCE, who serves as the Director of the company, sold 25,000 shares for $7.50 each. As a result, the insider received 187,500 and left with 153,117 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 3283380224 and an Enterprise Value of 3191617024. For the stock, the TTM Price-to-Sale (P/S) ratio is 48.79 while its Price-to-Book (P/B) ratio in mrq is 11.08. Its current Enterprise Value per Revenue stands at 47.426 whereas that against EBITDA is -37.612.
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 $1.62. The 50-Day Moving Average of the stock is 49.57%, while the 200-Day Moving Average is calculated to be 69.30%.
Shares Statistics:
According to the various share statistics, SOUN traded on average about 27.80M shares per day over the past 3-months and 54263000 shares per day over the past 10 days. A total of 336.48M shares are outstanding, with a floating share count of 323.66M. Shares short for SOUN as of 1731628800 were 86356989 with a Short Ratio of 3.11, compared to 1728950400 on 74422512. Therefore, it implies a Short% of Shares Outstanding of 86356989 and a Short% of Float of 25.81.
