SoundHound AI Inc (SOUN) is 10.88% away from 50-day simple Moving Average despite all headwinds

SoundHound AI Inc (NASDAQ: SOUN) started the day on Wednesday, with a price decrease of -6.13% at $5.05, before settling in for the price of $5.38 at the close. Taking a more long-term approach, SOUN posted a 52-week range of $1.49-$10.25.

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It was noted that the giant of the Technology sector posted annual sales growth of 31.41% over the last 5 years. Nevertheless, stock’s Earnings Per Share (EPS) this year is 25.50%. This publicly-traded company’s shares outstanding now amounts to $309.12 million, simultaneously with a float of $255.50 million. The organization now has a market capitalization sitting at $1.56 billion. At the time of writing, stock’s 50-day Moving Average stood at $4.62, while the 200-day Moving Average is $2.92.

SoundHound AI Inc (SOUN) Ownership Facts and Figures

Now let’s turn our focus to how large-scale investors are working with this stock of the Software – Application Industry. SoundHound AI Inc’s current insider ownership accounts for 17.34%, in contrast to 18.56% institutional ownership. According to the most recent insider trade that took place on Mar 22 ’24, this organization’s CEO sold 31,665 shares at the rate of 6.08, making the entire transaction reach 192,454 in total value, affecting insider ownership by 1,137,831. Preceding that transaction, on Mar 21 ’24, Company’s Chief Technology Officer sold 5,276 for 7.70, making the whole transaction’s value amount to 40,605. This particular insider is now the holder of 982,584 in total.

SoundHound AI Inc (SOUN) Earnings and Revenue Records

In the latest quarterly report released, which was put into the public domain on 12/30/2023, the organization reported -$0.07 earnings per share (EPS) for the three months, lower than the consensus estimate (set at -$0.06) by -$0.01. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.08 per share during the current fiscal year.

SoundHound AI Inc’s EPS increase for this current 12-month fiscal period is 25.50% and is forecasted to reach -0.21 in the upcoming year.

SoundHound AI Inc (NASDAQ: SOUN) Trading Performance Indicators

Let’s observe the current performance indicators for SoundHound AI Inc (SOUN). It’s Quick Ratio in the last reported quarter now stands at 4.69. The Stock has managed to achieve an average true range (ATR) of 0.84. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 34.03.

In the same vein, SOUN’s Diluted EPS (Earnings per Share) trailing twelve months is recorded -0.39, a figure that is expected to reach -0.09 in the next quarter, and analysts are predicting that it will be -0.21 at the market close of one year from today.

Technical Analysis of SoundHound AI Inc (SOUN)

If we take a close look at the recent performances of SoundHound AI Inc (NASDAQ: SOUN), its last 5-days Average volume was 31.67 million that shows plunge from its year to date volume of 58.66 million. During the previous 9 days, stock’s Stochastic %D was recorded 8.45% While, its Average True Range was 0.80.

Raw Stochastic average of SoundHound AI Inc (SOUN) in the period of the previous 100 days is set at 39.81%, which indicates a major rise in contrast to 0.00% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 81.95% that was lower than 145.73% volatility it exhibited in the past 100-days period.