SoundHound AI Inc (NASDAQ: SOUN) on Monday, soared 0.64% from the previous trading day, before settling in for the closing price of $14.15. Within the past 52 weeks, SOUN’s price has moved between $1.62 and $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%. The company achieved an average annual earnings per share of 5.42%. With a float of $324.99 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
Observing investor behavior towards Software – Application industry stocks is more important than anything else. The insider ownership of SoundHound AI Inc is 12.11%, while institutional ownership is 28.92%. 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
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 83.26.
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 60.05 million, its volume of 36.3 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 28.74%. Additionally, its Average True Range was 1.92.
During the past 100 days, SoundHound AI Inc’s (SOUN) raw stochastic average was set at 47.69%, which indicates a significant increase from 34.92% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 103.13% in the past 14 days, which was lower than the 124.37% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $14.95, while its 200-day Moving Average is $7.42. Nevertheless, the first resistance level for the watch stands at $14.98 in the near term. At $15.73, the stock is likely to face the second major resistance level. The third major resistance level sits at $16.69. If the price goes on to break the first support level at $13.27, it is likely to go to the next support level at $12.31. Should the price break the second support level, the third support level stands at $11.56.
SoundHound AI Inc (NASDAQ: SOUN) Key Stats
Market capitalization of the company is 5.60 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.
