Moreover, the 36-month beta value for SOUN is 3.09. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for SOUN is 282.89M and currently, short sellers hold a 24.84% of that float. On June 21, 2024, SOUN’s average trading volume was 29.44M shares.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
SOUN) stock’s latest price update
SoundHound AI Inc (NASDAQ: SOUN)’s stock price has gone decline by -1.85 in comparison to its previous close of 4.05, however, the company has experienced a -13.96% decrease in its stock price over the last five trading days. fool.com reported 2024-06-21 that Nvidia owns 1.7 million shares of SoundHound AI, a move that has impressed investors. The relationship adds to an already impressive list of partners working with SoundHound.
SOUN’s Market Performance
SoundHound AI Inc (SOUN) has experienced a -13.96% fall in stock performance for the past week, with a -22.36% drop in the past month, and a -40.49% drop in the past quarter. The volatility ratio for the week is 5.04%, and the volatility levels for the past 30 days are at 5.15% for SOUN. The simple moving average for the past 20 days is -15.77% for SOUN’s stock, with a 17.89% simple moving average for the past 200 days.
Analysts’ Opinion of SOUN
Many brokerage firms have already submitted their reports for SOUN stocks, with Cantor Fitzgerald repeating the rating for SOUN by listing it as a “Neutral.” The predicted price for SOUN in the upcoming period, according to Cantor Fitzgerald is $4.90 based on the research report published on April 11, 2024 of the current year 2024.
SOUN Trading at -14.29% 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 -61.22% of loss for the given period.
Volatility was left at 5.15%, however, over the last 30 days, the volatility rate increased by 5.04%, as shares sank -22.48% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -12.86% lower at present.
During the last 5 trading sessions, SOUN fell by -14.93%, which changed the moving average for the period of 200-days by +59.76% in comparison to the 20-day moving average, which settled at $4.66. In addition, SoundHound AI Inc saw 87.50% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at SOUN starting from MARCUS LAWRENCE, who sale 50,000 shares at the price of $4.81 back on Jun 10 ’24. After this action, MARCUS LAWRENCE now owns 208,117 shares of SoundHound AI Inc, valued at $240,505 using the latest closing price.
STONEHOCKER TIMOTHY, the Chief Technology Officer of SoundHound AI Inc, sale 104,000 shares at $5.00 during a trade that took place back on Jun 05 ’24, which means that STONEHOCKER TIMOTHY is holding 883,570 shares at $520,094 based on the most recent closing price.
Stock Fundamentals for SOUN
Current profitability levels for the company are sitting at:
- -1.31 for the present operating margin
- 0.71 for the gross margin
The net margin for SoundHound AI Inc stands at -1.83. The total capital return value is set at -0.26. Equity return is now at value -118.00, with -51.71 for asset returns.
Based on SoundHound AI Inc (SOUN), the company’s capital structure generated 0.36 points at debt to capital in total, while cash flow to debt ratio is standing at -0.86. The debt to equity ratio resting at 0.57. The interest coverage ratio of the stock is -3.01.
Currently, EBITDA for the company is -61.74 million with net debt to EBITDA at 1.94. When we switch over and look at the enterprise to sales, we see a ratio of 23.29. The receivables turnover for the company is 2.68for trailing twelve months and the total asset turnover is 0.18. The liquidity ratio also appears to be rather interesting for investors as it stands at 8.84.
Conclusion
To wrap up, the performance of SoundHound AI Inc (SOUN) has been mixed in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
