SoundHound AI Inc. (NASDAQ:SOUN) went up by 13.60% from its latest closing price compared to the recent 1-year high of $18.14. The company’s stock price has collected 29.09% of gains in the last five trading sessions.
Is It Worth Investing in SoundHound AI Inc. (NASDAQ :SOUN) Right Now?
Opinions of the stock are interesting as 3 analysts out of 3 who provided ratings for SoundHound AI Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 0 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $3.70, which is $2.28 above the current price. SOUN currently public float of 119.85M and currently shorts hold a 3.69% ratio of that float. Today, the average trading volume of SOUN was 916.04K shares.
SOUN’s Market Performance
SOUN stocks went up by 29.09% for the week, with a monthly jump of 25.66% and a quarterly performance of -54.63%. The volatility ratio for the week stands at 19.79% while the volatility levels for the past 30 days are set at 16.45% for SoundHound AI Inc. The simple moving average for the period of the last 20 days is 24.37% for SOUN stocks with a simple moving average of -58.84% for the last 200 days.
Analysts’ Opinion of SOUN
Cantor Fitzgerald, on the other hand, stated in their research note that they expect to see SOUN reach a price target of $3. The rating they have provided for SOUN stocks is “Neutral” according to the report published on July 01st, 2022.
Wedbush gave a rating of “Outperform” to SOUN, setting the target price at $7 in the report published on June 28th of the previous year.
SOUN Trading at 4.48% from the 50-Day Moving Average
After a stumble in the market that brought SOUN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -92.17% of loss for the given period.
Volatility was left at 16.45%, however, over the last 30 days, the volatility rate increased by 19.79%, as shares surge +29.09% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -28.64% lower at present.
During the last 5 trading sessions, SOUN rose by +29.09%, in comparison to the 20-day moving average, which settled at $1.1577. In addition, SoundHound AI Inc. saw -19.77% in overturn over a single year, with a tendency to cut further losses.
Reports are indicating that there were more than several insider trading activities at SOUN starting from STONEHOCKER TIMOTHY, who sale 3,385 shares at the price of $1.00 back on Dec 28. After this action, STONEHOCKER TIMOTHY now owns 1,074,116 shares of SoundHound AI Inc., valued at $3,385 using the latest closing price.
HOM JAMES MING, the Chief Product Officer of SoundHound AI Inc., sale 661,192 shares at $1.25 during a trade that took place back on Dec 01, which means that HOM JAMES MING is holding 415,000 shares at $826,490 based on the most recent closing price.
Stock Fundamentals for SOUN
Equity return is now at value 59.90, with -179.80 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 1.34.