SOUN has 36-month beta value of 3.24. Analysts have mixed views on the stock, with 4 analysts rating it as a “buy,” 2 as “overweight,” 2 as “hold,” and 0 as “sell.”
The public float for SOUN is 313.03M, and currently, short sellers hold a 24.85% ratio of that float. The average trading volume of SOUN on November 26, 2024 was 24.47M shares.
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SOUN) stock’s latest price update
The stock of SoundHound AI Inc (NASDAQ: SOUN) has decreased by -2.67 when compared to last closing price of 8.25. Despite this, the company has experienced a 29.73% gain in its stock price over the last five trading sessions. fool.com reported 2024-11-25 that SoundHound AI (SOUN 18.20%) is growing revenue robustly, which is also leading to rising costs.
SOUN’s Market Performance
SoundHound AI Inc (SOUN) has seen a 29.73% rise in stock performance for the week, with a 55.02% gain in the past month and a 62.22% surge in the past quarter. The volatility ratio for the week is 12.66%, and the volatility levels for the past 30 days are at 10.71% for SOUN. The simple moving average for the past 20 days is 24.57% for SOUN’s stock, with a 57.32% simple moving average for the past 200 days.
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 44.04% 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 -21.66% of loss for the given period.
Volatility was left at 10.71%, however, over the last 30 days, the volatility rate increased by 12.66%, as shares surge +31.21% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +68.70% upper at present.
During the last 5 trading sessions, SOUN rose by +29.73%, which changed the moving average for the period of 200-days by +255.31% in comparison to the 20-day moving average, which settled at $6.45. In addition, SoundHound AI Inc saw 278.77% 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 30,000 shares at the price of $7.15 back on Nov 21 ’24. After this action, MARCUS LAWRENCE now owns 178,117 shares of SoundHound AI Inc, valued at $214,500 using the latest closing price.
MARCUS LAWRENCE, the Director of SoundHound AI Inc, sale 25,000 shares at $7.50 during a trade that took place back on Nov 22 ’24, which means that MARCUS LAWRENCE is holding 153,117 shares at $187,500 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 0.12 points at debt to capital in total, while cash flow to debt ratio is standing at -2.15. The debt to equity ratio resting at 0.14. The interest coverage ratio of the stock is -5.61.
Currently, EBITDA for the company is -65.14 million with net debt to EBITDA at 0.94. When we switch over and look at the enterprise to sales, we see a ratio of 42.76. 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
To put it simply, SoundHound AI Inc (SOUN) has had a better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
