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.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
As of close of business last night, SoundHound AI Inc’s stock clocked out at $5.83, up 3.55% from its previous closing price of $5.63. In other words, the price has increased by $3.55 from its previous closing price. On the day, 34.41 million shares were traded. SOUN stock price reached its highest trading level at $5.92 during the session, while it also had its lowest trading level at $5.4.
Ratios:
To gain a deeper understanding of SOUN’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 8.84 and its Current Ratio is at 8.84. In the meantime, Its Debt-to-Equity ratio is 0.58 whereas as Long-Term Debt/Eq ratio is at 0.56.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Jul 11 ’24 when STONEHOCKER TIMOTHY sold 208,000 shares for $5.75 per share. The transaction valued at 1,196,478 led to the insider holds 659,531 shares of the business.
MOHAJER KEYVAN sold 116,504 shares of SOUN for $459,853 on Jun 24 ’24. The CEO now owns 953,333 shares after completing the transaction at $3.95 per share. On Jun 20 ’24, another insider, MOHAJER KEYVAN, who serves as the CEO of the company, sold 67,994 shares for $4.04 each. As a result, the insider received 274,689 and left with 1,069,837 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 1919060992 and an Enterprise Value of 1799906304. For the stock, the TTM Price-to-Sale (P/S) ratio is 37.81 while its Price-to-Book (P/B) ratio in mrq is 12.22. Its current Enterprise Value per Revenue stands at 35.459 whereas that against EBITDA is -28.334.
Stock Price History:
The Beta on a monthly basis for SOUN is 3.17, which has changed by 0.6194445 over the last 52 weeks, in comparison to a change of 0.24125004 over the same period for the S&P500. Over the past 52 weeks, SOUN has reached a high of $10.25, while it has fallen to a 52-week low of $1.49. The 50-Day Moving Average of the stock is 23.80%, while the 200-Day Moving Average is calculated to be 64.07%.
Shares Statistics:
It appears that SOUN traded 26.78M shares on average per day over the past three months and 46721530 shares per day over the past ten days. A total of 329.17M shares are outstanding, with a floating share count of 281.85M. Insiders hold about 14.38% of the company’s shares, while institutions hold 20.34% stake in the company. Shares short for SOUN as of 1719532800 were 71569146 with a Short Ratio of 2.67, compared to 1717113600 on 70259098. Therefore, it implies a Short% of Shares Outstanding of 71569146 and a Short% of Float of 24.350001.
