SoundHound AI Inc (NASDAQ: SOUN) on Monday, plunged -9.01% from the previous trading day, before settling in for the closing price of $14.09. Within the past 52 weeks, SOUN’s price has moved between $1.62 and $24.98.
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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 $325.24 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) Insider Activity
Observing investor behavior towards Software – Application industry stocks is more important than anything else. The insider ownership of SoundHound AI Inc is 12.04%, while institutional ownership is 26.23%. 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
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 70.43.
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 69.93 million, which is a jump from its year-to-date volume of 69.89 million. As of the previous 9 days, the stock’s Stochastic %D was 4.19%. Additionally, its Average True Range was 2.56.
During the past 100 days, SoundHound AI Inc’s (SOUN) raw stochastic average was set at 41.13%, which indicates a significant increase from 0.98% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 148.87% in the past 14 days, which was higher than the 120.72% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $12.60, while its 200-day Moving Average is $6.75. However, in the short run, SoundHound AI Inc’s stock first resistance to watch stands at $13.41. Second resistance stands at $14.01. The third major resistance level sits at $14.36. If the price goes on to break the first support level at $12.46, it is likely to go to the next support level at $12.11. Should the price break the second support level, the third support level stands at $11.51.
SoundHound AI Inc (NASDAQ: SOUN) Key Stats
Market capitalization of the company is 4.74 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.
