After finishing at $5.27 in the prior trading day, SoundHound AI Inc (NASDAQ: SOUN) closed at $5.18, down -1.71%. In other words, the price has decreased by -$0.09 from its previous closing price. On the day, 27789615 shares were traded.
Ratios:
Our goal is to gain a better understanding of SOUN by taking a closer 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 1.60B and an Enterprise Value of 1.61B. For the stock, the TTM Price-to-Sale (P/S) ratio is 34.91 while its Price-to-Book (P/B) ratio in mrq is 94.27. Its current Enterprise Value per Revenue stands at 35.04 whereas that against EBITDA is -26.01.
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 4.75, while the 200-Day Moving Average is calculated to be 2.93.
Shares Statistics:
The stock has traded on average 61.12M shares per day over the past 3-months and 44.22M shares per day over the last 10 days, according to various share statistics. A total of 309.12M shares are outstanding, with a floating share count of 255.50M. Insiders hold about 17.34% of the company’s shares, while institutions hold 19.01% stake in the company. Shares short for SOUN as of Mar 15, 2024 were 40.45M with a Short Ratio of 0.66, compared to 25.23M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 13.08% and a Short% of Float of 17.19%.
Earnings Estimates
Its stock is currently analyzed by 6 different market 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.
