SoundHound AI Inc (NASDAQ: SOUN) kicked off on Monday, down -2.67% from the previous trading day, before settling in for the closing price of $6.36. Over the past 52 weeks, SOUN has traded in a range of $1.62-$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. While this was happening, its average annual earnings per share was recorded 6.79%. 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 59.78%, operating margin of -135.97%, and the pretax margin is -175.4%.
SoundHound AI Inc (SOUN) Insider Updates
Our next focus will be how large-scale investors are participating in this stock of the Software – Application Industry. The insider ownership of SoundHound AI Inc is 12.74%, while institutional ownership is 26.89%. 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 6.79% per share during the next fiscal year.
SoundHound AI Inc (NASDAQ: SOUN) Trading Performance Indicators
Take a look at SoundHound AI Inc’s (SOUN) current performance indicators. Last quarter, stock had a quick ratio of 2.58. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 32.62.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.36, a number that is poised to hit -0.09 in the next quarter and is forecasted to reach -0.25 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 56.06 million. That was better than the volume of 34.58 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 44.90%. Additionally, its Average True Range was 0.59.
During the past 100 days, SoundHound AI Inc’s (SOUN) raw stochastic average was set at 58.96%, which indicates a significant increase from 42.51% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 141.42% in the past 14 days, which was higher than the 95.62% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $5.33, while its 200-day Moving Average is $4.97. However, in the short run, SoundHound AI Inc’s stock first resistance to watch stands at $6.50. Second resistance stands at $6.82. The third major resistance level sits at $7.08. If the price goes on to break the first support level at $5.92, it is likely to go to the next support level at $5.66. Assuming the price breaks the second support level, the third support level stands at $5.34.
SoundHound AI Inc (NASDAQ: SOUN) Key Stats
The company with the Market Capitalisation of 2.20 billion has total of 358,733K Shares Outstanding. Its annual sales at the moment are 45,870 K in contrast with the sum of -88,940 K annual income. Company’s last quarter sales were recorded 13,460 K and last quarter income was -37,320 K.
