The closing price of SoundHound AI Inc (NASDAQ: SOUN) was $6.86 for the day, up 19.30% from the previous closing price of $5.75. In other words, the price has increased by $+1.11 from its previous closing price. On the day, 295584024 shares were traded.
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 5.11 and its Current Ratio is at 5.11. In the meantime, Its Debt-to-Equity ratio is 3.47 whereas as Long-Term Debt/Eq ratio is at 3.36.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Ladenburg Thalmann on January 30, 2024, initiated with a Buy rating and assigned the stock a target price of $4.
On September 27, 2023, DA Davidson started tracking the stock assigning a Buy rating and target price of $5.
On September 05, 2023, H.C. Wainwright started tracking the stock assigning a Buy rating and target price of $5.H.C. Wainwright initiated its Buy rating on September 05, 2023, with a $5 target price.
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 Feb 21 when STONEHOCKER TIMOTHY sold 6,615 shares for $3.56 per share. The transaction valued at 23,549 led to the insider holds 983,561 shares of the business.
MOHAJER KEYVAN sold 107,927 shares of SOUN for $399,060 on Feb 15. The CEO now owns 1,218,712 shares after completing the transaction at $3.70 per share. On Jan 22, another insider, STONEHOCKER TIMOTHY, who serves as the Chief Technology Officer of the company, sold 5,657 shares for $1.93 each. As a result, the insider received 10,918 and left with 990,176 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 1.76B and an Enterprise Value of 1.77B. For the stock, the TTM Price-to-Sale (P/S) ratio is 44.31 while its Price-to-Book (P/B) ratio in mrq is 146.46. Its current Enterprise Value per Revenue stands at 46.20 whereas that against EBITDA is -22.75.
Stock Price History:
Over the past 52 weeks, SOUN has reached a high of $5.95, while it has fallen to a 52-week low of $1.49. The 50-Day Moving Average of the stock is 2.28, while the 200-Day Moving Average is calculated to be 2.44.
Shares Statistics:
SOUN traded an average of 23.19M shares per day over the past three months and 97.53M shares per day over the past ten days. A total of 246.92M shares are outstanding, with a floating share count of 195.13M. Insiders hold about 20.98% of the company’s shares, while institutions hold 23.19% stake in the company. Shares short for SOUN as of Jan 31, 2024 were 25.15M with a Short Ratio of 1.08, compared to 24.23M on Dec 29, 2023. Therefore, it implies a Short% of Shares Outstanding of 9.83% and a Short% of Float of 13.93%.
Earnings Estimates
The firm’s stock currently is rated by 5 analysts. On average, analysts expect EPS of -$0.06 for the current quarter, with a high estimate of -$0.03 and a low estimate of -$0.07, while EPS last year was -$0.15. The consensus estimate for the next quarter is -$0.08, with high estimates of -$0.05 and low estimates of -$0.09.
Analysts are recommending an EPS of between -$0.35 and -$0.38 for the fiscal current year, implying an average EPS of -$0.37. EPS for the following year is -$0.27, with 5 analysts recommending between -$0.24 and -$0.28.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 6 analysts. It ranges from a high estimate of $18.19M to a low estimate of $16.72M. As of the current estimate, SoundHound AI Inc’s year-ago sales were $9.5M, an estimated increase of 86.80% from the year-ago figure. For the next quarter, 6 analysts are estimating revenue of $11.85M, an increase of 76.70% less than the figure of $86.80% in the same quarter last year. There is a high estimate of $15.76M for the next quarter, whereas the lowest estimate is $9.72M.
A total of 6 analysts have provided revenue estimates for SOUN’s current fiscal year. The highest revenue estimate was $46.92M, while the lowest revenue estimate was $45.45M, resulting in an average revenue estimate of $46.48M. In the same quarter a year ago, actual revenue was $31.13M, up 49.30% from the average estimate. Based on 6 analysts’ estimates, the company’s revenue will be $69.73M in the next fiscal year. The high estimate is $77M and the low estimate is $64.28M. The average revenue growth estimate for next year is up 50.00% from the average revenue estimate for this year.
