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After finishing at $20.16 in the prior trading day, SoundHound AI Inc (NASDAQ: SOUN) closed at $20.62, up 2.28%. In other words, the price has increased by $2.28 from its previous closing price. On the day, 77.22 million shares were traded. SOUN stock price reached its highest trading level at $22.255 during the session, while it also had its lowest trading level at $19.43.
Ratios:
Our goal is to gain a better understanding of SOUN by taking a closer 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:
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 7624245760 and an Enterprise Value of 7532484608. For the stock, the TTM Price-to-Sale (P/S) ratio is 115.87 while its Price-to-Book (P/B) ratio in mrq is 25.72. Its current Enterprise Value per Revenue stands at 111.929 whereas that against EBITDA is -88.767.
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 78.47%, while the 200-Day Moving Average is calculated to be 216.50%.
Shares Statistics:
The stock has traded on average 59.96M shares per day over the past 3-months and 86467950 shares per day over the last 10 days, according to various share statistics. 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 26.10% stake in the company. Shares short for SOUN as of 1734048000 were 76232050 with a Short Ratio of 1.27, compared to 1731628800 on 86356989. Therefore, it implies a Short% of Shares Outstanding of 76232050 and a Short% of Float of 22.780001.
