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SoundHound AI Inc (SOUN) Stock Could Soon Reward Patient Investors

SoundHound AI Inc (NASDAQ: SOUN) is 150.00% higher on its value in year-to-date trading and has touched a low of $1.49 and a high of $10.25 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The SOUN stock was last observed hovering at around $5.52 in the last trading session, with the day’s loss setting it -0.22%.

Currently trading at $5.30, the stock is 19.77% and -1.55% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 35.34 million and changing -3.99% at the moment leaves the stock 74.35% off its SMA200. SOUN registered 113.71% gain for a year compared to 6-month gain of 196.09%.

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The stock witnessed a 33.50% loss in the last 1 month and extending the period to 3 months gives it a 132.97%, and is 7.29% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 11.04% over the week and 10.84% over the month.

SoundHound AI Inc (SOUN) has around 260 employees, a market worth around $1.62B and $50.76M in sales. Profit margin for the company is -186.56%. Distance from 52-week low is 255.70% and -48.29% from its 52-week high. The company has generated returns on investments over the last 12 months (-38.96%).

The EPS is expected to grow by 20.42% this year.

SoundHound AI Inc (SOUN) Top Institutional Holders

The shares outstanding are 305.96M, and float is at 259.64M with Short Float at 22.49%.

SoundHound AI Inc (SOUN) Insider Activity

The most recent transaction is an insider sale by MOHAJER KEYVAN,the company’sCEO. SEC filings show that MOHAJER KEYVAN sold 31,665 shares of the company’s common stock on Mar 22 ’24 at a price of $6.08 per share for a total of $0.19 million. Following the sale, the insider now owns 1.14 million shares.

SoundHound AI Inc disclosed in a document filed with the SEC on Mar 21 ’24 that STONEHOCKER TIMOTHY (Chief Technology Officer) sold a total of 5,276 shares of the company’s common stock. The trade occurred on Mar 21 ’24 and was made at $7.70 per share for $40605.0. Following the transaction, the insider now directly holds 0.98 million shares of the SOUN stock.

Still, SEC filings show that on Mar 19 ’24, MOHAJER KEYVAN (CEO) disposed off 48,837 shares at an average price of $8.37 for $0.41 million. The insider now directly holds 1,169,496 shares of SoundHound AI Inc (SOUN).

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