SoundHound AI Inc (NASDAQ: SOUN) on Monday, plunged -3.87% from the previous trading day, before settling in for the closing price of $9.31. Within the past 52 weeks, SOUN’s price has moved between $1.62 and $10.25.
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During the last 5-year period, the sales growth of Technology Sector giant was 31.41%. The company achieved an average annual earnings per share of 5.42%. With a float of $323.66 million, this company’s outstanding shares have now reached $336.48 million.
Let’s determine the extent of company efficiency that accounts 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) Breakdown of a Key Holders of the stock
Observing investor behavior towards Software – Application industry stocks is more important than anything else. The insider ownership of SoundHound AI Inc is 12.46%, while institutional ownership is 26.05%. The most recent insider transaction that took place on Dec 02 ’24, was worth 875,764. Before that another transaction happened on Nov 21 ’24, when Company’s Director sold 30,000 for $7.15, making the entire transaction worth $214,500. This insider now owns 178,117 shares in total.
SoundHound AI Inc (SOUN) Recent Fiscal highlights
As on 9/30/2024, Multinational firm has announced its last quarter scores, in which it reported -0.06 earnings per share (EPS) for the period topping the consensus outlook (set at -0.06) by -0. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.07 per share during the current fiscal year.
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
SoundHound AI Inc (SOUN) is currently performing well based on its current performance indicators. A quick ratio of 2.58 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 58.10.
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)
Looking closely at SoundHound AI Inc (NASDAQ: SOUN), its last 5-days average volume was 52.5 million, which is a jump from its year-to-date volume of 35.43 million. As of the previous 9 days, the stock’s Stochastic %D was 80.94%. Additionally, its Average True Range was 0.77.
During the past 100 days, SoundHound AI Inc’s (SOUN) raw stochastic average was set at 89.46%, which indicates a significant increase from 83.47% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 141.33% in the past 14 days, which was higher than the 98.40% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $5.86, while its 200-day Moving Average is $5.22. However, in the short run, SoundHound AI Inc’s stock first resistance to watch stands at $9.40. Second resistance stands at $9.84. The third major resistance level sits at $10.15. If the price goes on to break the first support level at $8.65, it is likely to go to the next support level at $8.34. Now, if the price goes above the second support level, the third support stands at $7.90.
SoundHound AI Inc (NASDAQ: SOUN) Key Stats
Market capitalization of the company is 3.91 billion based on 369,750K outstanding shares. Right now, sales total 45,870 K and income totals -88,940 K. The company made 25,090 K in profit during its latest quarter, and -21,750 K in sales during its previous quarter.
