On Monday, SoundHound AI Inc (NASDAQ: SOUN) was 5.70% up from the session before settling in for the closing price of $4.91. A 52-week range for SOUN has been $1.49 – $10.25.
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Technology Sector giant saw their annual sales surged by 31.41% over the last five years. When this article was written, the company’s average yearly earnings per share was at 12.14%. With a float of $313.03 million, this company’s outstanding shares have now reached $358.73 million.
The firm has a total of 260 workers. Let’s measure their productivity. In terms of profitability, gross margin is 66.87%, operating margin of -131.33%, and the pretax margin is -188.26%.
SoundHound AI Inc (SOUN) Insider Activity
Also, it is sometimes useful to examine the sentiment of large-scale investors toward SoundHound AI Inc stocks. The insider ownership of SoundHound AI Inc is 12.74%, while institutional ownership is 24.84%. The most recent insider transaction that took place on Sep 20 ’24, was worth 193,853. In this transaction Chief Financial Officer of this company sold 39,728 shares at a rate of $4.88, taking the stock ownership to the 1,560,411 shares. Before that another transaction happened on Sep 20 ’24, when Company’s Chief Operating Officer sold 42,001 for $4.88, making the entire transaction worth $204,944. This insider now owns 1,473,322 shares in total.
SoundHound AI Inc (SOUN) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around 12.14% per share during the next fiscal year.
SoundHound AI Inc (NASDAQ: SOUN) Trading Performance Indicators
You can see what SoundHound AI Inc (SOUN) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 8.77. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 33.56.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.39, a number that is poised to hit -0.07 in the next quarter and is forecasted to reach -0.21 in one year’s time.
Technical Analysis of SoundHound AI Inc (SOUN)
Analysing the last 5-days average volume posted by the [SoundHound AI Inc, SOUN], we can find that recorded value of 19.1 million was lower than the volume posted last year of 34.52 million. As of the previous 9 days, the stock’s Stochastic %D was 73.45%. Additionally, its Average True Range was 0.26.
During the past 100 days, SoundHound AI Inc’s (SOUN) raw stochastic average was set at 52.09%, which indicates a significant decrease from 76.29% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 39.43% in the past 14 days, which was lower than the 76.78% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $4.82, while its 200-day Moving Average is $4.48. Now, the first resistance to watch is $5.42. This is followed by the second major resistance level at $5.66. The third major resistance level sits at $5.89. If the price goes on to break the first support level at $4.95, it is likely to go to the next support level at $4.72. Should the price break the second support level, the third support level stands at $4.48.
SoundHound AI Inc (NASDAQ: SOUN) Key Stats
There are 329,170K outstanding shares of the company, which has a market capitalization of 1.86 billion. As of now, sales total 45,870 K while income totals -88,940 K. Its latest quarter income was 13,460 K while its last quarter net income were -37,320 K.
