On Monday, SoundHound AI Inc (NASDAQ: SOUN) opened lower -1.73% from the last session, before settling in for the closing price of $15.60. Price fluctuations for SOUN have ranged from $1.70 to $24.98 over the past 52 weeks.
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Annual sales at Technology sector company grew by 31.41% over the past five years. Company’s average yearly earnings per share was noted 5.42% at the time writing. With a float of $324.65 million, this company’s outstanding shares have now reached $336.48 million.
Let’s look at the performance matrix of the company that is accounted 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 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 12.20%, while institutional ownership is 29.99%. 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) Performance Highlights and Predictions
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
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 89.63.
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)
SoundHound AI Inc (NASDAQ: SOUN) saw its 5-day average volume 43.92 million, a negative change from its year-to-date volume of 56.95 million. As of the previous 9 days, the stock’s Stochastic %D was 72.67%. Additionally, its Average True Range was 1.68.
During the past 100 days, SoundHound AI Inc’s (SOUN) raw stochastic average was set at 53.00%, which indicates a significant decrease from 53.04% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 67.83% in the past 14 days, which was lower than the 124.98% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $15.79, while its 200-day Moving Average is $7.72. Nevertheless, the first resistance level for the watch stands at $15.92 in the near term. At $16.50, the stock is likely to face the second major resistance level. The third major resistance level sits at $17.04. If the price goes on to break the first support level at $14.80, it is likely to go to the next support level at $14.26. Assuming the price breaks the second support level, the third support level stands at $13.68.
SoundHound AI Inc (NASDAQ: SOUN) Key Stats
There are currently 393,301K shares outstanding in the company with a market cap of 6.03 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.
