SoundHound AI Inc (NASDAQ: SOUN) is 111.32% 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 $4.49 in the last trading session, with the day’s loss setting it -0.01%.
Currently trading at $4.48, the stock is -8.96% and -6.38% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 12.5 million and changing -0.22% at the moment leaves the stock 9.01% off its SMA200. SOUN registered 82.11% gain for a year compared to 6-month loss of -11.11%.
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The stock witnessed a 0.45% gain in the last 1 month and extending the period to 3 months gives it a -10.04%, and is -7.63% 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 4.71% over the week and 7.31% over the month.
SoundHound AI Inc (SOUN) has around 260 employees, a market worth around $1.61B and $55.47M in sales. Profit margin for the company is -198.59%. Distance from 52-week low is 200.67% and -56.29% from its 52-week high. The company has generated returns on investments over the last 12 months (-48.72%).
The EPS is expected to grow by 12.14% this year
331.0 institutions hold shares in SoundHound AI Inc (SOUN), with institutional investors hold 28.28% of the company’s shares. The shares outstanding are 358.73M, and float is at 311.41M with Short Float at 24.86%. Institutions hold 27.62% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 22.69 million shares valued at $89.62 million. The investor’s holdings represent 7.9168 of the SOUN Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 21.44 million shares valued at $84.7 million to account for 7.4821 of the shares outstanding. The other top investors are STATE STREET CORP which holds 7.15 million shares representing 2.4964 and valued at over $28.26 million, while GEODE CAPITAL MANAGEMENT, LLC holds 2.2998 of the shares totaling 6.59 million with a market value of $26.04 million.
SoundHound AI Inc (SOUN) Insider Activity
The most recent transaction is an insider sale by MARCUS LAWRENCE, the company’s Director. SEC filings show that MARCUS LAWRENCE sold 50,000 shares of the company’s common stock on Aug 20 ’24 at a price of $5.02 per share for a total of $0.25 million. Following the sale, the insider now owns 74038.0 shares.
SoundHound AI Inc disclosed in a document filed with the SEC on Jul 11 ’24 that STONEHOCKER TIMOTHY (Chief Technology Officer) sold a total of 208,000 shares of the company’s common stock. The trade occurred on Jul 11 ’24 and was made at $5.75 per share for $1.2 million. Following the transaction, the insider now directly holds 0.66 million shares of the SOUN stock.
Still, SEC filings show that on Jun 20 ’24, SHARAN NITESH (Chief Financial Officer) disposed off 22,384 shares at an average price of $4.04 for $90429.0. The insider now directly holds 728,633 shares of SoundHound AI Inc (SOUN).
