Beyond market trends, investors looking for superior returns explore the world of stock picking. The right selections can be a powerful driver for wealth accumulation.
As of close of business last night, SoundHound AI Inc’s stock clocked out at $3.55, down -7.31% from its previous closing price of $3.83. In other words, the price has decreased by -$7.31 from its previous closing price. On the day, 22.47 million shares were traded. SOUN stock price reached its highest trading level at $3.89 during the session, while it also had its lowest trading level at $3.51.
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 4.69 and its Current Ratio is at 4.69. In the meantime, Its Debt-to-Equity ratio is 3.20 whereas as Long-Term Debt/Eq ratio is at 3.10.
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 Mar 22 ’24 when MOHAJER KEYVAN sold 31,665 shares for $6.08 per share. The transaction valued at 192,454 led to the insider holds 1,137,831 shares of the business.
STONEHOCKER TIMOTHY sold 5,276 shares of SOUN for $40,605 on Mar 21 ’24. The Chief Technology Officer now owns 982,584 shares after completing the transaction at $7.70 per share. On Mar 19 ’24, another insider, MOHAJER KEYVAN, who serves as the CEO of the company, sold 48,837 shares for $8.37 each. As a result, the insider received 408,551 and left with 1,169,496 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 1097358208 and an Enterprise Value of 1106443392. For the stock, the TTM Price-to-Sale (P/S) ratio is 23.92 while its Price-to-Book (P/B) ratio in mrq is 64.60. Its current Enterprise Value per Revenue stands at 24.12 whereas that against EBITDA is -17.922.
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 $1.49. The 50-Day Moving Average of the stock is -31.98%, while the 200-Day Moving Average is calculated to be 20.76%.
Shares Statistics:
It appears that SOUN traded 63.04M shares on average per day over the past three months and 23795040 shares per day over the past ten days. A total of 309.12M shares are outstanding, with a floating share count of 259.64M. Insiders hold about 16.01% of the company’s shares, while institutions hold 18.59% stake in the company. Shares short for SOUN as of 1711584000 were 50353460 with a Short Ratio of 0.80, compared to 1709164800 on 35952053. Therefore, it implies a Short% of Shares Outstanding of 50353460 and a Short% of Float of 21.4.
Earnings Estimates
The market rating for SoundHound AI Inc (SOUN) is a result of the insights provided by SoundHound AI, Inc. analysts actively involved in the assessment.The consensus estimate for the next quarter is $55.50, with high estimates of $57.11 and low estimates of $13.33.
