SoundHound AI Inc (NASDAQ: SOUN) on Monday, soared 16.44% from the previous trading day, before settling in for the closing price of $16.91. Within the past 52 weeks, SOUN’s price has moved between $1.62 and $17.29.
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It was noted that within the last five years, the titan of the Technology sector saw sales topped by 31.41%. The company achieved an average annual earnings per share of 5.42%. With a float of $324.42 million, this company’s outstanding shares have now reached $336.48 million.
The extent of productivity of a business whose workforce counts for 260 workers is very important to gauge. 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
Observing investor behavior towards Software – Application industry stocks is more important than anything else. The insider ownership of SoundHound AI Inc is 12.26%, while institutional ownership is 26.04%. The most recent insider transaction that took place on Dec 12 ’24, was worth 350,000. In this transaction Director of this company sold 25,000 shares at a rate of $14.00, taking the stock ownership to the 128,117 shares. Before that another transaction happened on Dec 16 ’24, when Company’s Officer proposed sale 138,906 for $16.91, making the entire transaction worth $2,348,900.
SoundHound AI Inc (SOUN) Performance Highlights and Predictions
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 133.82.
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)
The latest stats from [SoundHound AI Inc, SOUN] show that its last 5-days average volume of 110.28 million was superior to 39.04 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 87.07%. Additionally, its Average True Range was 1.57.
During the past 100 days, SoundHound AI Inc’s (SOUN) raw stochastic average was set at 98.25%, which indicates a significant increase from 97.79% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 162.80% in the past 14 days, which was higher than the 111.45% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $7.71, while its 200-day Moving Average is $5.66. Now, the first resistance to watch is $20.92. This is followed by the second major resistance level at $22.15. The third major resistance level sits at $24.33. If the price goes on to break the first support level at $17.51, it is likely to go to the next support level at $15.33. Assuming the price breaks the second support level, the third support level stands at $14.10.
SoundHound AI Inc (NASDAQ: SOUN) Key Stats
Market capitalization of the company is 9.01 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.
