Those determined to outshine the market strategically focus on the selection of individual stocks. 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
The closing price of SoundHound AI Inc (NASDAQ: SOUN) was $20.24 for the day, down -0.93% from the previous closing price of $20.43. In other words, the price has decreased by -$0.93 from its previous closing price. On the day, 54.48 million shares were traded. SOUN stock price reached its highest trading level at $21.3 during the session, while it also had its lowest trading level at $18.85.
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 Dec 23 ’24 when DIANA SROKA bought 3,402 shares for $21.75 per share.
ZAGORSEK MICHAEL bought 60,796 shares of SOUN for $1,146,309 on Dec 20 ’24. On Dec 20 ’24, another insider, STONEHOCKER TIMOTHY, who serves as the Officer of the company, bought 34,407 shares for $18.86 each.
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 7483740160 and an Enterprise Value of 7952151040. For the stock, the TTM Price-to-Sale (P/S) ratio is 110.17 while its Price-to-Book (P/B) ratio in mrq is 25.25. Its current Enterprise Value per Revenue stands at 118.165 whereas that against EBITDA is -93.712.
Stock Price History:
Over the past 52 weeks, SOUN has reached a high of $24.08, while it has fallen to a 52-week low of $1.62. The 50-Day Moving Average of the stock is 111.68%, while the 200-Day Moving Average is calculated to be 231.57%.
Shares Statistics:
SOUN traded an average of 53.40M shares per day over the past three months and 114509160 shares per day over the past ten days. A total of 336.48M shares are outstanding, with a floating share count of 324.50M. Insiders hold about 12.24% of the company’s shares, while institutions hold 26.04% stake in the company. Shares short for SOUN as of 1732838400 were 81645977 with a Short Ratio of 1.43, compared to 1730332800 on 77778279. Therefore, it implies a Short% of Shares Outstanding of 81645977 and a Short% of Float of 24.4.
