On Monday, SoundHound AI Inc (NASDAQ: SOUN) was -2.00% drop from the session before settling in for the closing price of $5.50. A 52-week range for SOUN has been $1.49 – $10.25.
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It was noted that within the last five years, the titan of the Technology sector saw sales topped by 31.41%. 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 extent of productivity of a business whose workforce counts for 260 workers is very important to gauge. 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 Updates
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 24.81%. 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) Performance Highlights and Predictions
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 34.86.
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)
The latest stats from [SoundHound AI Inc, SOUN] show that its last 5-days average volume of 26.94 million was inferior to 34.34 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 73.02%. Additionally, its Average True Range was 0.31.
During the past 100 days, SoundHound AI Inc’s (SOUN) raw stochastic average was set at 59.70%, which indicates a significant decrease from 71.21% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 38.75% in the past 14 days, which was lower than the 76.79% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $4.89, while its 200-day Moving Average is $4.56. Now, the first resistance to watch is $5.73. This is followed by the second major resistance level at $6.07. The third major resistance level sits at $6.37. If the price goes on to break the first support level at $5.09, it is likely to go to the next support level at $4.79. Assuming the price breaks the second support level, the third support level stands at $4.45.
SoundHound AI Inc (NASDAQ: SOUN) Key Stats
There are 329,170K outstanding shares of the company, which has a market capitalization of 1.93 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.
