The price of SoundHound AI Inc (NASDAQ: SOUN) closed at $8.33 in the last session, up 1.09% from day before closing price of $8.24. In other words, the price has increased by $+0.09 from its previous closing price. On the day, 99896471 shares were traded.
Ratios:
We take a closer look at SOUN’s different ratios to gain a better understanding of the stock. 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.
On January 30, 2024, Ladenburg Thalmann started tracking the stock assigning a Buy rating and target price of $4.
On September 27, 2023, DA Davidson started tracking the stock assigning a Buy rating and target price of $5.DA Davidson initiated its Buy rating on September 27, 2023, with a $5 target price.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Mar 15 ’24 when MARCUS LAWRENCE sold 25,000 shares for $9.02 per share. The transaction valued at 225,572 led to the insider holds 258,117 shares of the business.
Ball Eric R. sold 40,000 shares of SOUN for $382,000 on Mar 14 ’24. The Director now owns 450,250 shares after completing the transaction at $9.55 per share. On Mar 13 ’24, another insider, MARCUS LAWRENCE, who serves as the Director of the company, sold 50,000 shares for $7.26 each. As a result, the insider received 362,955 and left with 283,117 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 2.55B and an Enterprise Value of 2.55B. For the stock, the TTM Price-to-Sale (P/S) ratio is 44.84 while its Price-to-Book (P/B) ratio in mrq is 151.59. Its current Enterprise Value per Revenue stands at 55.69 whereas that against EBITDA is -41.34.
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 3.66, while the 200-Day Moving Average is calculated to be 2.74.
Shares Statistics:
According to the various share statistics, SOUN traded on average about 51.82M shares per day over the past 3-months and 102.32M shares per day over the past 10 days. A total of 216.94M shares are outstanding, with a floating share count of 195.47M. Insiders hold about 20.84% of the company’s shares, while institutions hold 23.20% stake in the company. Shares short for SOUN as of Feb 29, 2024 were 35.95M with a Short Ratio of 0.69, compared to 25.15M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 11.63% and a Short% of Float of 15.28%.
Earnings Estimates
The company has 6 analysts who recommend its stock at the moment. On average, analysts expect EPS of -$0.09 for the current quarter, with a high estimate of -$0.07 and a low estimate of -$0.1, while EPS last year was -$0.13. The consensus estimate for the next quarter is -$0.08, with high estimates of -$0.07 and low estimates of -$0.09.
Analysts are recommending an EPS of between -$0.27 and -$0.33 for the fiscal current year, implying an average EPS of -$0.3. EPS for the following year is -$0.21, with 6 analysts recommending between -$0.18 and -$0.23.
Revenue Estimates
According to 6 analysts, the current quarter’s revenue is expected to be $10.1M. It ranges from a high estimate of $10.17M to a low estimate of $10.06M. As of the current estimate, SoundHound AI Inc’s year-ago sales were $6.71M, an estimated increase of 50.60% from the year-ago figure. For the next quarter, 6 analysts are estimating revenue of $13.77M, an increase of 70.80% over than the figure of $50.60% in the same quarter last year. There is a high estimate of $15.3M for the next quarter, whereas the lowest estimate is $13.1M.
A total of 6 analysts have provided revenue estimates for SOUN’s current fiscal year. The highest revenue estimate was $70.2M, while the lowest revenue estimate was $68.6M, resulting in an average revenue estimate of $69.49M. In the same quarter a year ago, actual revenue was $45.87M, up 51.50% from the average estimate. Based on 6 analysts’ estimates, the company’s revenue will be $102.76M in the next fiscal year. The high estimate is $105.72M and the low estimate is $99.4M. The average revenue growth estimate for next year is up 47.90% from the average revenue estimate for this year.
