On Friday, SoundHound AI Inc (NASDAQ: SOUN) was 2.28% up from the session before settling in for the closing price of $20.16. A 52-week range for SOUN has been $1.62 – $24.98.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Technology sector was 31.41%. When this article was written, the company’s average yearly earnings per share was at 5.42%. With a float of $325.24 million, this company’s outstanding shares have now reached $336.48 million.
Considering the fact that the conglomerate employs 260 people, you should pay attention to its efficiency factor. 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 Activity
Also, it is sometimes useful to examine the sentiment of large-scale investors toward SoundHound AI Inc stocks. The insider ownership of SoundHound AI Inc is 12.04%, while institutional ownership is 26.10%. The most recent insider transaction that took place on Dec 23 ’24, was worth 409,436. In this transaction Director of this company sold 20,000 shares at a rate of $20.47, taking the stock ownership to the 108,117 shares. Before that another transaction happened on Dec 23 ’24, when Company’s Director sold 3,402 for $22.70, making the entire transaction worth $77,225. This insider now owns 142,252 shares in total.
SoundHound AI Inc (SOUN) Earnings and Forecasts
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
You can see what SoundHound AI Inc (SOUN) is doing with its current performance indicators. In the most recent 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 115.87.
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)
Compared to the last year’s volume of 69.78 million, its volume of 68.64 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 39.27%. Additionally, its Average True Range was 2.60.
During the past 100 days, SoundHound AI Inc’s (SOUN) raw stochastic average was set at 78.89%, which indicates a significant increase from 61.59% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 163.55% in the past 14 days, which was higher than the 113.63% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $11.55, while its 200-day Moving Average is $6.52. Nevertheless, the first resistance level for the watch stands at $22.11 in the near term. At $23.59, the stock is likely to face the second major resistance level. The third major resistance level sits at $24.93. If the price goes on to break the first support level at $19.28, it is likely to go to the next support level at $17.94. Should the price break the second support level, the third support level stands at $16.46.
SoundHound AI Inc (NASDAQ: SOUN) Key Stats
There are 369,750K outstanding shares of the company, which has a market capitalization of 7.80 billion. As of now, sales total 45,870 K while income totals -88,940 K. Its latest quarter income was 25,090 K while its last quarter net income were -21,750 K.
