Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
As of close of business last night, SoundHound AI Inc’s stock clocked out at $13.81, down -9.95% from its previous closing price of $15.33. In other words, the price has decreased by -$9.95 from its previous closing price. On the day, 32.19 million shares were traded. SOUN stock price reached its highest trading level at $15.2299 during the session, while it also had its lowest trading level at $13.79.
Ratios:
To gain a deeper understanding of SOUN’s stock, we examine its different ratios. 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:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Dec 23 ’24 when MARCUS LAWRENCE sold 20,000 shares for $20.47 per share. The transaction valued at 409,436 led to the insider holds 108,117 shares of the business.
SROKA DIANA sold 3,402 shares of SOUN for $77,225 on Dec 23 ’24. The Director now owns 142,252 shares after completing the transaction at $22.70 per share. On Dec 24 ’24, another insider, MOHAJER KEYVAN, who serves as the CEO of the company, sold 156,288 shares for $20.20 each. As a result, the insider received 3,157,484 and left with 2,021,666 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 5429520384 and an Enterprise Value of 5012636672. For the stock, the TTM Price-to-Sale (P/S) ratio is 80.72 while its Price-to-Book (P/B) ratio in mrq is 17.22. Its current Enterprise Value per Revenue stands at 74.485 whereas that against EBITDA is -59.072.
Stock Price History:
The Beta on a monthly basis for SOUN is 2.74, which has changed by 5.7982264 over the last 52 weeks, in comparison to a change of 0.21313763 over the same period for the S&P500. Over the past 52 weeks, SOUN has reached a high of $24.98, while it has fallen to a 52-week low of $2.08. The 50-Day Moving Average of the stock is -13.24%, while the 200-Day Moving Average is calculated to be 77.74%.
Shares Statistics:
It appears that SOUN traded 74.54M shares on average per day over the past three months and 40091810 shares per day over the past ten days. A total of 336.48M shares are outstanding, with a floating share count of 324.65M. Insiders hold about 12.20% of the company’s shares, while institutions hold 30.03% stake in the company. Shares short for SOUN as of 1738281600 were 101798456 with a Short Ratio of 1.35, compared to 1735603200 on 79991019. Therefore, it implies a Short% of Shares Outstanding of 101798456 and a Short% of Float of 28.410000000000004.
Earnings Estimates
The dynamic stock of SoundHound AI Inc (SOUN) is currently attracting attention from 2.0 analysts actively involved in rating its market status.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
In the current quarter, 6 analysts expect revenue to total $33.73M. 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.
