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The closing price of SoundHound AI Inc (NASDAQ: SOUN) was $19.39 for the day, down -1.52% from the previous closing price of $19.69. In other words, the price has decreased by -$1.52 from its previous closing price. On the day, 96.93 million shares were traded. SOUN stock price reached its highest trading level at $19.85 during the session, while it also had its lowest trading level at $17.658.
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 12 ’24 when MARCUS LAWRENCE sold 25,000 shares for $14.00 per share. The transaction valued at 350,000 led to the insider holds 128,117 shares of the business.
MICHAEL ZAGORSEK bought 138,906 shares of SOUN for $2,348,900 on Dec 16 ’24. On Dec 16 ’24, another insider, JAMES MING HOM, who serves as the Director of the company, bought 258,382 shares for $16.91 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 7169452544 and an Enterprise Value of 7077691904. For the stock, the TTM Price-to-Sale (P/S) ratio is 106.53 while its Price-to-Book (P/B) ratio in mrq is 24.19. Its current Enterprise Value per Revenue stands at 105.171 whereas that against EBITDA is -83.407.
Stock Price History:
Over the past 52 weeks, SOUN has reached a high of $19.97, while it has fallen to a 52-week low of $1.62. The 50-Day Moving Average of the stock is 142.20%, while the 200-Day Moving Average is calculated to be 238.30%.
Shares Statistics:
SOUN traded an average of 45.27M shares per day over the past three months and 122693840 shares per day over the past ten days. A total of 336.48M shares are outstanding, with a floating share count of 324.42M. Insiders hold about 12.26% 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 1.80, compared to 1730332800 on 77778279. Therefore, it implies a Short% of Shares Outstanding of 81645977 and a Short% of Float of 24.4.
Earnings Estimates
The current rating of SoundHound AI Inc (SOUN) reflects the combined expertise of 3.0 analysts actively engaged in assessing its market performance.The consensus estimate for the next quarter is -$0.07, with high estimates of -$0.06 and low estimates of -$0.07.
Analysts are recommending an EPS of between -$0.22 and -$0.26 for the fiscal current year, implying an average EPS of -$0.24. EPS for the following year is -$0.17, with 3.0 analysts recommending between -$0.13 and -$0.2.
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 $34.55M to a low estimate of $33.03M. As of the current estimate, SoundHound AI Inc’s year-ago sales were $17.15MFor the next quarter, 6 analysts are estimating revenue of $32.19M. There is a high estimate of $34.8M for the next quarter, whereas the lowest estimate is $21.6M.
A total of 6 analysts have provided revenue estimates for SOUN’s current fiscal year. The highest revenue estimate was $84.7M, while the lowest revenue estimate was $83.18M, resulting in an average revenue estimate of $83.87M. In the same quarter a year ago, actual revenue was $45.87MBased on 7 analysts’ estimates, the company’s revenue will be $164.13M in the next fiscal year. The high estimate is $171.75M and the low estimate is $156.6M.
