SoundHound AI Inc (NASDAQ: SOUN) on Monday, soared 18.15% from the previous trading day, before settling in for the closing price of $5.18. Within the past 52 weeks, SOUN’s price has moved between $1.49 and $10.25.
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Technology Sector giant saw their annual sales surged by 31.41% over the last five years. The company achieved an average annual earnings per share of 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
Observing investor behavior towards Software – Application industry stocks is more important than anything else. The insider ownership of SoundHound AI Inc is 12.74%, while institutional ownership is 24.88%. 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
As on 6/30/2024, Multinational firm has announced its last quarter scores, in which it reported -0.09 earnings per share (EPS) for the period topping the consensus outlook (set at -0.09) by 0. 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 12.14% 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 8.77 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 39.58.
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 22.69 million was lower than the volume posted last year of 34.06 million. As of the previous 9 days, the stock’s Stochastic %D was 60.44%. Additionally, its Average True Range was 0.35.
During the past 100 days, SoundHound AI Inc’s (SOUN) raw stochastic average was set at 87.45%, which indicates a significant decrease from 100.00% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 83.05% in the past 14 days, which was higher than the 81.32% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $4.92, while its 200-day Moving Average is $4.64. Now, the first resistance to watch is $6.41. This is followed by the second major resistance level at $6.71. The third major resistance level sits at $7.29. If the price goes on to break the first support level at $5.53, it is likely to go to the next support level at $4.95. Should the price break the second support level, the third support level stands at $4.65.
SoundHound AI Inc (NASDAQ: SOUN) Key Stats
Market capitalization of the company is 2.20 billion based on 329,170K outstanding shares. Right now, sales total 45,870 K and income totals -88,940 K. The company made 13,460 K in profit during its latest quarter, and -37,320 K in sales during its previous quarter.
