SoundHound AI Inc (NASDAQ: SOUN) is 133.02% 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 $4.98 in the last trading session, with the day’s loss setting it -0.04%.
Currently trading at $4.94, the stock is 6.68% and 3.90% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 13.6 million and changing -0.80% at the moment leaves the stock 35.84% off its SMA200. SOUN registered 55.84% gain for a year compared to 6-month gain of 149.49%.
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The stock witnessed a 23.50% loss in the last 1 month and extending the period to 3 months gives it a 30.69%, and is -15.27% down 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 9.60% over the week and 9.17% over the month.
SoundHound AI Inc (SOUN) has around 260 employees, a market worth around $1.63B and $50.76M in sales. Profit margin for the company is -186.56%. Distance from 52-week low is 231.54% and -51.80% 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 21.25% this year.
SoundHound AI Inc (SOUN) Top Institutional Holders
The shares outstanding are 329.17M, and float is at 286.26M with Short Float at 25.00%.
SoundHound AI Inc (SOUN) Insider Activity
The most recent transaction is an insider sale by STONEHOCKER TIMOTHY,the company’sChief Technology Officer. SEC filings show that STONEHOCKER TIMOTHY sold 208,000 shares of the company’s common stock on Jul 11 ’24 at a price of $5.75 per share for a total of $1.2 million. Following the sale, the insider now owns 0.66 million shares.
SoundHound AI Inc disclosed in a document filed with the SEC on Jun 24 ’24 that MOHAJER KEYVAN (CEO) sold a total of 116,504 shares of the company’s common stock. The trade occurred on Jun 24 ’24 and was made at $3.95 per share for $0.46 million. Following the transaction, the insider now directly holds 0.95 million shares of the SOUN stock.
Still, SEC filings show that on Jun 20 ’24, MOHAJER KEYVAN (CEO) disposed off 67,994 shares at an average price of $4.04 for $0.27 million. The insider now directly holds 1,069,837 shares of SoundHound AI Inc (SOUN).
