Witnessing the stock’s movement on the chart, on Thursday, SoundHound AI Inc (NASDAQ: SOUN) set off with pace as it heaved 6.15% to $4.83, before settling in for the price of $4.55 at the close. Taking a more long-term approach, SOUN posted a 52-week range of $1.49-$10.25.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
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 21.25%. This publicly-traded company’s shares outstanding now amounts to $329.17 million, simultaneously with a float of $286.26 million. The organization now has a market capitalization sitting at $1.59 billion. At the time of writing, stock’s 50-day Moving Average stood at $4.73, while the 200-day Moving Average is $3.68.
SoundHound AI Inc (SOUN) Ownership Facts and Figures
Nothing is more important than checking the behaviour of major investors towards the stock of the Software – Application industry. SoundHound AI Inc’s current insider ownership accounts for 13.04%, in contrast to 20.32% institutional ownership. According to the most recent insider trade that took place on Jul 11 ’24, this organization’s Chief Technology Officer sold 208,000 shares at the rate of 5.75, making the entire transaction reach 1,196,478 in total value, affecting insider ownership by 659,531. Preceding that transaction, on Jun 24 ’24, Company’s CEO sold 116,504 for 3.95, making the whole transaction’s value amount to 459,853. This particular insider is now the holder of 953,333 in total.
SoundHound AI Inc (SOUN) Earnings and Revenue Records
SoundHound AI Inc’s EPS increase for this current 12-month fiscal period is 21.25% and is forecasted to reach -0.19 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 8.84. The Stock has managed to achieve an average true range (ATR) of 0.46. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 31.32.
In the same vein, SOUN’s Diluted EPS (Earnings per Share) trailing twelve months is recorded -0.37, a figure that is expected to reach -0.09 in the next quarter, and analysts are predicting that it will be -0.19 at the market close of one year from today.
Technical Analysis of SoundHound AI Inc (SOUN)
Going through the that latest performance of [SoundHound AI Inc, SOUN]. Its last 5-days volume of 16.55 million was inferior to the volume of 41.19 million it revealed a year ago. During the previous 9 days, stock’s Stochastic %D was recorded 11.44% While, its Average True Range was 0.50.
Raw Stochastic average of SoundHound AI Inc (SOUN) in the period of the previous 100 days is set at 19.70%, which indicates a major fall in contrast to 33.31% 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 132.22% that was higher than 101.66% volatility it exhibited in the past 100-days period.
