A new trading day began on Monday, with SoundHound AI Inc (NASDAQ: SOUN) stock price down -2.67% from the previous day of trading, before settling in for the closing price of $8.25. SOUN’s price has ranged from $1.62 to $10.25 over the past 52 weeks.
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Annual sales at Technology sector company grew by 31.41% over the past five years. Meanwhile, its annual earnings per share averaged 5.42%. With a float of $313.03 million, this company’s outstanding shares have now reached $358.73 million.
Let’s look at the performance matrix of the company that is accounted for 260 employees. 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 and Institutional Ownership
As we move forward, let’s examine how large-scale investors are investing in this stock of the Software – Application Industry. The insider ownership of SoundHound AI Inc is 12.74%, while institutional ownership is 26.85%. The most recent insider transaction that took place on Nov 21 ’24, was worth 214,500. In this transaction Director of this company sold 30,000 shares at a rate of $7.15, taking the stock ownership to the 178,117 shares. Before that another transaction happened on Nov 22 ’24, when Company’s Director sold 25,000 for $7.50, making the entire transaction worth $187,500. This insider now owns 153,117 shares in total.
SoundHound AI Inc (SOUN) Latest Financial update
According to the Wall Street analysts, stocks earnings will be around 5.42% per share during the next fiscal year.
SoundHound AI Inc (NASDAQ: SOUN) Trading Performance Indicators
Here are SoundHound AI Inc’s current performance indicators. According to the last quarter’s results, the 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 52.14.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.36, a number that is poised to hit -0.10 in the next quarter and is forecasted to reach -0.26 in one year’s time.
Technical Analysis of SoundHound AI Inc (SOUN)
SoundHound AI Inc (NASDAQ: SOUN) saw its 5-day average volume 62.53 million, a positive change from its year-to-date volume of 35.2 million. As of the previous 9 days, the stock’s Stochastic %D was 71.84%. Additionally, its Average True Range was 0.70.
During the past 100 days, SoundHound AI Inc’s (SOUN) raw stochastic average was set at 82.96%, which indicates a significant increase from 75.72% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 144.60% in the past 14 days, which was higher than the 99.60% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $5.57, while its 200-day Moving Average is $5.10. Nevertheless, the first resistance level for the watch stands at $8.64 in the near term. At $9.26, the stock is likely to face the second major resistance level. The third major resistance level sits at $9.64. If the price goes on to break the first support level at $7.64, it is likely to go to the next support level at $7.26. The third support level lies at $6.64 if the price breaches the second support level.
SoundHound AI Inc (NASDAQ: SOUN) Key Stats
With a market capitalization of 3.51 billion, the company has a total of 369,750K Shares Outstanding. Currently, annual sales are 45,870 K while annual income is -88,940 K. The company’s previous quarter sales were 25,090 K while its latest quarter income was -21,750 K.
