SoundHound AI Inc (NASDAQ: SOUN) on Monday, plunged -6.64% from the previous trading day, before settling in for the closing price of $5.12. Within the past 52 weeks, SOUN’s price has moved between $1.49 and $10.25.
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A company in the Technology sector has jumped its sales by 31.41% annually for the last half of the decade. The company achieved an average annual earnings per share of 23.75%. With a float of $286.26 million, this company’s outstanding shares have now reached $329.17 million.
In an organization with 260 employees, it is important to assess its efficiency.
SoundHound AI Inc (SOUN) Insider Updates
Observing investor behavior towards Software – Application industry stocks is more important than anything else. The insider ownership of SoundHound AI Inc is 13.04%, while institutional ownership is 20.46%. The most recent insider transaction that took place on Jul 11 ’24, was worth 1,196,478. In this transaction Chief Technology Officer of this company sold 208,000 shares at a rate of $5.75, taking the stock ownership to the 659,531 shares. Before that another transaction happened on Jun 24 ’24, when Company’s CEO sold 116,504 for $3.95, making the entire transaction worth $459,853. This insider now owns 953,333 shares in total.
SoundHound AI Inc (SOUN) Performance Highlights and Predictions
As on 3/31/2024, Multinational firm has announced its last quarter scores, in which it reported -0.1 earnings per share (EPS) for the period topping the consensus outlook (set at -0.11) by 0.01. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.06 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 23.75% 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 8.84 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 31.00.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.37, a number that is poised to hit -0.09 in the next quarter and is forecasted to reach -0.18 in one year’s time.
Technical Analysis of SoundHound AI Inc (SOUN)
Let’s dig in a bit further. During the last 5-days, its volume was 16.96 million. That was inferior than the volume of 40.88 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 30.25%. Additionally, its Average True Range was 0.46.
During the past 100 days, SoundHound AI Inc’s (SOUN) raw stochastic average was set at 18.96%, which indicates a significant decrease from 27.71% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 137.48% in the past 14 days, which was higher than the 100.14% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $4.72, while its 200-day Moving Average is $3.71. However, in the short run, SoundHound AI Inc’s stock first resistance to watch stands at $5.10. Second resistance stands at $5.42. The third major resistance level sits at $5.59. If the price goes on to break the first support level at $4.61, it is likely to go to the next support level at $4.44. Assuming the price breaks the second support level, the third support level stands at $4.12.
SoundHound AI Inc (NASDAQ: SOUN) Key Stats
Market capitalization of the company is 1.57 billion based on 329,170K outstanding shares. Right now, sales total 45,870 K and income totals -88,940 K. The company made 11,590 K in profit during its latest quarter, and -33,010 K in sales during its previous quarter.
