In the past week, SOUN stock has gone down by -11.67%, with a monthly gain of 21.61% and a quarterly surge of 28.48%. The volatility ratio for the week is 11.12%, and the volatility levels for the last 30 days are 9.21% for SoundHound AI Inc The simple moving average for the past 20 days is 7.12% for SOUN’s stock, with a 28.56% simple moving average for the past 200 days.
Is It Worth Investing in SoundHound AI Inc (NASDAQ: SOUN) Right Now?
The 36-month beta value for SOUN is at 3.09. Analysts have varying views on the stock, with 4 analysts rating it as a “buy,” 2 rating it as “overweight,” 2 as “hold,” and 0 as “sell.”
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The public float for SOUN is 313.03M, and currently, shorts hold a 24.85% of that float. The average trading volume for SOUN on November 18, 2024 was 21.70M shares.
SOUN) stock’s latest price update
SoundHound AI Inc (NASDAQ: SOUN)’s stock price has plunge by -4.07relation to previous closing price of 6.63. Nevertheless, the company has seen a -11.67% plunge in its stock price over the last five trading sessions. fool.com reported 2024-11-17 that SoundHound Shares Sink Despite Surging Revenue. Is It Time to Buy the Stock on a Dip?
Analysts’ Opinion of SOUN
Many brokerage firms have already submitted their reports for SOUN stocks, with Ladenburg Thalmann repeating the rating for SOUN by listing it as a “Neutral.” The predicted price for SOUN in the upcoming period, according to Ladenburg Thalmann is $7 based on the research report published on November 13, 2024 of the current year 2024.
Cantor Fitzgerald, on the other hand, stated in their research note that they expect to see SOUN reach a price target of $7, previously predicting the price at $5. The rating they have provided for SOUN stocks is “Overweight” according to the report published on August 09th, 2024.
Cantor Fitzgerald gave a rating of “Neutral” to SOUN, setting the target price at $4.90 in the report published on April 11th of the current year.
SOUN Trading at 20.05% 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 -37.95% of loss for the given period.
Volatility was left at 9.21%, however, over the last 30 days, the volatility rate increased by 11.12%, as shares surge +15.64% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +46.21% upper at present.
During the last 5 trading sessions, SOUN fell by -11.67%, which changed the moving average for the period of 200-days by +271.93% in comparison to the 20-day moving average, which settled at $5.94. In addition, SoundHound AI Inc saw 200.00% 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 SHARAN NITESH, who sale 39,728 shares at the price of $4.88 back on Sep 20 ’24. After this action, SHARAN NITESH now owns 1,560,411 shares of SoundHound AI Inc, valued at $193,853 using the latest closing price.
ZAGORSEK MICHAEL, the Chief Operating Officer of SoundHound AI Inc, sale 42,001 shares at $4.88 during a trade that took place back on Sep 20 ’24, which means that ZAGORSEK MICHAEL is holding 1,473,322 shares at $204,944 based on the most recent closing price.
Stock Fundamentals for SOUN
Current profitability levels for the company are sitting at:
- -1.36 for the present operating margin
- 0.6 for the gross margin
The net margin for SoundHound AI Inc stands at -1.64. The total capital return value is set at -0.21. Equity return is now at value -68.39, with -34.21 for asset returns.
Based on SoundHound AI Inc (SOUN), the company’s capital structure generated 0.13 points at debt to capital in total, while cash flow to debt ratio is standing at -2.96. The debt to equity ratio resting at 0.15. The interest coverage ratio of the stock is -6.49.
Currently, EBITDA for the company is -65.14 million with net debt to EBITDA at 0.91. When we switch over and look at the enterprise to sales, we see a ratio of 32.54. The receivables turnover for the company is 1.76for trailing twelve months and the total asset turnover is 0.13. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.58.
Conclusion
In conclusion, SoundHound AI Inc (SOUN) has had a better performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. 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.
