SoundHound AI Inc (NASDAQ: SOUN) closed the day trading at $6.14 down -8.08% from the previous closing price of $6.68. In other words, the price has decreased by -$0.54 from its previous closing price. On the day, 85057485 shares were traded.
Ratios:
For a better understanding of SOUN, let’s look at 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.
On January 30, 2024, Ladenburg Thalmann started tracking the stock assigning a Buy rating and target price of $4.Ladenburg Thalmann initiated its Buy rating on January 30, 2024, with a $4 target price.
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 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 1.90B and an Enterprise Value of 1.91B. For the stock, the TTM Price-to-Sale (P/S) ratio is 33.05 while its Price-to-Book (P/B) ratio in mrq is 111.74. Its current Enterprise Value per Revenue stands at 41.57 whereas that against EBITDA is -30.86.
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 4.08, while the 200-Day Moving Average is calculated to be 2.83.
Shares Statistics:
Over the past 3-months, SOUN traded about 56.39M shares per day on average, while over the past 10 days, SOUN traded about 115.2M shares per day. A total of 216.94M shares are outstanding, with a floating share count of 195.82M. Insiders hold about 20.76% 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 0.64, 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
Current recommendations for the stock of the company come from 6 analysts. 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
6 analysts predict $10.1M in revenue for the current quarter. 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.
