Those aspiring to outpace the market meticulously engage in the process of selecting individual stocks. Strategic choices can be instrumental in accelerating your wealth.
The price of SoundHound AI Inc (NASDAQ: SOUN) closed at $19.84 in the last session, down -12.52% from day before closing price of $22.68. In other words, the price has decreased by -$12.52 from its previous closing price. On the day, 67.36 million shares were traded. SOUN stock price reached its highest trading level at $22.68 during the session, while it also had its lowest trading level at $19.3123.
Ratios:
We take a closer look at SOUN’s different ratios to gain a better understanding of the stock. 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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of 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 7335840256 and an Enterprise Value of 7244079616. For the stock, the TTM Price-to-Sale (P/S) ratio is 95.35 while its Price-to-Book (P/B) ratio in mrq is 24.75. Its current Enterprise Value per Revenue stands at 107.643 whereas that against EBITDA is -85.368.
Stock Price History:
Over the past 52 weeks, SOUN has reached a high of $24.98, while it has fallen to a 52-week low of $1.62. The 50-Day Moving Average of the stock is 81.16%, while the 200-Day Moving Average is calculated to be 210.29%.
Shares Statistics:
According to the various share statistics, SOUN traded on average about 58.29M shares per day over the past 3-months and 98080680 shares per day over the past 10 days. A total of 336.48M shares are outstanding, with a floating share count of 325.24M. Insiders hold about 12.04% of the company’s shares, while institutions hold 26.05% stake in the company. Shares short for SOUN as of 1734048000 were 76232050 with a Short Ratio of 1.31, compared to 1731628800 on 86356989. Therefore, it implies a Short% of Shares Outstanding of 76232050 and a Short% of Float of 22.780001.
