On Monday, SoundHound AI Inc (NASDAQ: SOUN) was -0.97% drop from the session before settling in for the closing price of $5.14. A 52-week range for SOUN has been $1.60 – $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
A company in the Technology sector has jumped its sales by 31.41% annually for the last half of the decade. 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.
In an organization with 260 employees, it is important to assess its efficiency. 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 and Institutional Ownership
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 24.90%. 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) Latest Financial update
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 33.64.
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)
Let’s dig in a bit further. During the last 5-days, its volume was 22.81 million. That was inferior than the volume of 33.79 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 16.31%. Additionally, its Average True Range was 0.36.
During the past 100 days, SoundHound AI Inc’s (SOUN) raw stochastic average was set at 48.29%, which indicates a significant increase from 16.55% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 99.62% in the past 14 days, which was higher than the 83.39% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $4.95, while its 200-day Moving Average is $4.73. However, in the short run, SoundHound AI Inc’s stock first resistance to watch stands at $5.19. Second resistance stands at $5.30. The third major resistance level sits at $5.41. If the price goes on to break the first support level at $4.98, it is likely to go to the next support level at $4.87. The third support level lies at $4.76 if the price breaches the second support level.
SoundHound AI Inc (NASDAQ: SOUN) Key Stats
There are 358,733K outstanding shares of the company, which has a market capitalization of 1.87 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.
