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The closing price of SoundHound AI Inc (NASDAQ: SOUN) was $7.61 for the day, down -5.23% from the previous closing price of $8.03. In other words, the price has decreased by -$5.23 from its previous closing price. On the day, 40.11 million shares were traded. SOUN stock price reached its highest trading level at $8.37 during the session, while it also had its lowest trading level at $7.55.
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 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:
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 Nov 21 ’24 when MARCUS LAWRENCE sold 30,000 shares for $7.15 per share. The transaction valued at 214,500 led to the insider holds 178,117 shares of the business.
MARCUS LAWRENCE sold 25,000 shares of SOUN for $187,500 on Nov 22 ’24. The Director now owns 153,117 shares after completing the transaction at $7.50 per share. On Nov 22 ’24, another insider, Ball Eric R., who serves as the Director of the company, sold 70,000 shares for $8.12 each. As a result, the insider received 568,456 and left with 501,756 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 2813797632 and an Enterprise Value of 2722034176. For the stock, the TTM Price-to-Sale (P/S) ratio is 41.81 while its Price-to-Book (P/B) ratio in mrq is 9.49. Its current Enterprise Value per Revenue stands at 40.448 whereas that against EBITDA is -32.078.
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 35.14%, while the 200-Day Moving Average is calculated to be 48.33%.
Shares Statistics:
SOUN traded an average of 25.26M shares per day over the past three months and 59322690 shares per day over the past ten days. A total of 358.73M shares are outstanding, with a floating share count of 313.03M. Insiders hold about 12.74% of the company’s shares, while institutions hold 26.85% stake in the company. Shares short for SOUN as of 1731628800 were 86356989 with a Short Ratio of 3.08, compared to 1728950400 on 74422512. Therefore, it implies a Short% of Shares Outstanding of 86356989 and a Short% of Float of 25.81.
