SoundHound AI Inc (NASDAQ: SOUN) kicked off on Monday, down -8.54% from the previous trading day, before settling in for the closing price of $10.31. Over the past 52 weeks, SOUN has traded in a range of $3.50-$24.98.
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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. While this was happening, its average annual earnings per share was recorded 5.71%. With a float of $327.40 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
Our next focus will be how large-scale investors are participating in this stock of the Software – Application Industry. The insider ownership of SoundHound AI Inc is 11.45%, while institutional ownership is 35.42%. 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 -0.06 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 5.71% per share during the next fiscal year.
SoundHound AI Inc (NASDAQ: SOUN) Trading Performance Indicators
Take a look at SoundHound AI Inc’s (SOUN) current performance indicators. Last quarter, stock had a quick ratio of 2.58. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 55.14.
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 -0.25 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 47.2 million. That was inferior than the volume of 56.85 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 5.13%. Additionally, its Average True Range was 1.62.
During the past 100 days, SoundHound AI Inc’s (SOUN) raw stochastic average was set at 24.26%, which indicates a significant increase from 4.66% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 157.57% in the past 14 days, which was higher than the 139.17% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $16.01, while its 200-day Moving Average is $8.05. However, in the short run, SoundHound AI Inc’s stock first resistance to watch stands at $9.96. Second resistance stands at $10.49. The third major resistance level sits at $10.93. If the price goes on to break the first support level at $8.99, it is likely to go to the next support level at $8.55. Assuming the price breaks the second support level, the third support level stands at $8.02.
SoundHound AI Inc (NASDAQ: SOUN) Key Stats
The company with the Market Capitalisation of 3.71 billion has total of 393,301K Shares Outstanding. Its annual sales at the moment are 45,870 K in contrast with the sum of -88,940 K annual income. Company’s last quarter sales were recorded 25,090 K and last quarter income was -21,750 K.
