On Monday, SoundHound AI Inc (NASDAQ: SOUN) opened lower -6.09% from the last session, before settling in for the closing price of $21.75. Price fluctuations for SOUN have ranged from $1.62 to $24.08 over the past 52 weeks.
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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. Company’s average yearly earnings per share was noted 5.42% at the time writing. With a float of $324.44 million, this company’s outstanding shares have now reached $336.48 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
A key investor’s attitude towards the stock of the Software – Application industry is another important factor to consider. The insider ownership of SoundHound AI Inc is 12.25%, while institutional ownership is 26.04%. The most recent insider transaction that took place on Dec 23 ’24, was worth 74,011. Before that another transaction happened on Dec 20 ’24, when Company’s Officer proposed sale 60,796 for $18.86, making the entire transaction worth $1,146,309.
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
Check out the current performance indicators for SoundHound AI Inc (SOUN). In the past quarter, the stock posted a quick ratio of 2.58. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 129.51.
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)
Let’s dig in a bit further. During the last 5-days, its volume was 118.74 million. That was better than the volume of 40.65 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 67.19%. Additionally, its Average True Range was 2.40.
During the past 100 days, SoundHound AI Inc’s (SOUN) raw stochastic average was set at 81.88%, which indicates a significant increase from 75.89% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 171.18% in the past 14 days, which was higher than the 113.68% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $9.26, while its 200-day Moving Average is $6.03. However, in the short run, SoundHound AI Inc’s stock first resistance to watch stands at $22.30. Second resistance stands at $24.17. The third major resistance level sits at $25.49. If the price goes on to break the first support level at $19.11, it is likely to go to the next support level at $17.79. Assuming the price breaks the second support level, the third support level stands at $15.92.
SoundHound AI Inc (NASDAQ: SOUN) Key Stats
There are currently 369,750K shares outstanding in the company with a market cap of 8.72 billion. Presently, the company’s annual sales total 45,870 K according to its annual income of -88,940 K. Last quarter, the company’s sales amounted to 25,090 K and its income totaled -21,750 K.
