A new trading day began on Monday, with SoundHound AI Inc (NASDAQ: SOUN) stock price up 0.33% from the previous day of trading, before settling in for the closing price of $15.01. SOUN’s price has ranged from $1.62 to $15.10 over the past 52 weeks.
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
During the last 5-year period, the sales growth of Technology Sector giant was 31.41%. Meanwhile, its annual earnings per share averaged 5.42%. With a float of $323.76 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
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 12.44%, while institutional ownership is 26.05%. The most recent insider transaction that took place on Dec 09 ’24, was worth 4,474,271. Before that another transaction happened on Dec 09 ’24, when Company’s Director proposed sale 465,394 for $15.01, making the entire transaction worth $6,985,564.
SoundHound AI Inc (SOUN) Recent Fiscal highlights
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 93.17.
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 135.11 million, which is a jump from its year-to-date volume of 37.54 million. As of the previous 9 days, the stock’s Stochastic %D was 93.69%. Additionally, its Average True Range was 1.17.
During the past 100 days, SoundHound AI Inc’s (SOUN) raw stochastic average was set at 91.67%, which indicates a significant increase from 89.93% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 142.05% in the past 14 days, which was higher than the 104.97% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $6.62, while its 200-day Moving Average is $5.43. However, in the short run, SoundHound AI Inc’s stock first resistance to watch stands at $16.27. Second resistance stands at $17.48. The third major resistance level sits at $18.89. If the price goes on to break the first support level at $13.65, it is likely to go to the next support level at $12.24. Now, if the price goes above the second support level, the third support stands at $11.03.
SoundHound AI Inc (NASDAQ: SOUN) Key Stats
With a market capitalization of 6.27 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.
