SoundHound AI Inc (SOUN)’s latest performance is not what we had anticipated

SoundHound AI Inc (NASDAQ: SOUN) on November 20, 2023, started off the session at the price of $2.27, plunging -0.45% from the previous trading day. During the day, the shares moved up to $2.4099 and dropped to $2.175 before settling in for the closing price of $2.23. Within the past 52 weeks, SOUN’s price has moved between $0.93 and $5.11.

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It was noted that within the last five years, the titan of the Technology sector saw sales topped by 23.43%. The company achieved an average annual earnings per share of 49.32%.

The extent of productivity of a business whose workforce counts for 430 workers is very important to gauge. In terms of profitability, gross margin is +69.16, operating margin of -338.61, and the pretax margin is -361.35.

SoundHound AI Inc (SOUN) Insider Updates

Observing investor behavior towards Software – Application industry stocks is more important than anything else. The most recent insider transaction that took place on Oct 23, was worth 9,241. In this transaction Chief Technology Officer of this company sold 5,404 shares at a rate of $1.71, taking the stock ownership to the 1,006,531 shares. Before that another transaction happened on Sep 21, when Company’s Chief Technology Officer sold 14,283 for $1.93, making the entire transaction worth $27,566. This insider now owns 1,011,935 shares in total.

SoundHound AI Inc (SOUN) Performance Highlights and Predictions

This company achieved a net margin of -370.63 while generating a return on equity of -236.37. Wall Street market experts anticipate that the next fiscal year will bring earnings of 53.59 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 49.32% per share during the next fiscal year.

SoundHound AI Inc (NASDAQ: SOUN) Trading Performance Indicators

SoundHound AI Inc (SOUN) is currently performing well based on its current performance indicators. A quick ratio of 5.11 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.18.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.47, a number that is poised to hit -0.07 in the next quarter and is forecasted to reach -0.24 in one year’s time.

Technical Analysis of SoundHound AI Inc (SOUN)

The latest stats from [SoundHound AI Inc, SOUN] show that its last 5-days average volume of 12.41 million was inferior to 13.38 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 79.53%. Additionally, its Average True Range was 0.17.

During the past 100 days, SoundHound AI Inc’s (SOUN) raw stochastic average was set at 22.40%, which indicates a significant decrease from 78.90% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 81.28% in the past 14 days, which was lower than the 95.03% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $1.89, while its 200-day Moving Average is $2.62. Now, the first resistance to watch is $2.36. This is followed by the second major resistance level at $2.50. The third major resistance level sits at $2.60. If the price goes on to break the first support level at $2.13, it is likely to go to the next support level at $2.03. Assuming the price breaks the second support level, the third support level stands at $1.89.

SoundHound AI Inc (NASDAQ: SOUN) Key Stats

Market capitalization of the company is 83.23 million based on 240,705K outstanding shares. Right now, sales total 31,130 K and income totals -115,370 K. The company made 13,270 K in profit during its latest quarter, and -20,200 K in sales during its previous quarter.


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