SoundHound AI Inc (NASDAQ: SOUN) is 131.13% 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 $4.88 in the last trading session, with the day’s gains setting it 0.02%.
Currently trading at $4.90, the stock is 2.66% and 0.25% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 11.87 million and changing 0.41% at the moment leaves the stock 14.59% off its SMA200. SOUN registered 169.23% gain for a year compared to 6-month loss of -16.38%. The firm has a 50-day simple moving average (SMA 50) of $4.873 and a 200-day simple moving average (SMA200) of $4.290075.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The stock witnessed a -2.58% gain in the last 1 month and extending the period to 3 months gives it a 25.00%, and is 2.08% 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 4.15% over the week and 4.42% over the month.
SoundHound AI Inc (SOUN) has around 260 employees, a market worth around $1.76B and $55.47M in sales. Profit margin for the company is -198.59%. Distance from 52-week low is 228.86% and -52.20% from its 52-week high. The company has generated returns on investments over the last 12 months (-48.72%).
with sales reaching $23.03M over the same period.The EPS is expected to grow by 12.14% this year, but quarterly earnings will post 80.00% year-over-year.
SoundHound AI Inc (SOUN) Top Institutional Holders
332.0 institutions hold shares in SoundHound AI Inc (SOUN), with institutional investors hold 28.27% of the company’s shares. The shares outstanding are 358.73M, and float is at 312.73M with Short Float at 25.73%. 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 SHARAN NITESH, the company’s Chief Financial Officer. SEC filings show that SHARAN NITESH sold 39,728 shares of the company’s common stock on Sep 20 ’24 at a price of $4.88 per share for a total of $0.19 million. Following the sale, the insider now owns 1.56 million shares.
SoundHound AI Inc disclosed in a document filed with the SEC on Sep 20 ’24 that ZAGORSEK MICHAEL (Chief Operating Officer) sold a total of 42,001 shares of the company’s common stock. The trade occurred on Sep 20 ’24 and was made at $4.88 per share for $0.2 million. Following the transaction, the insider now directly holds 1.47 million shares of the SOUN stock.
Still, SEC filings show that on Sep 20 ’24, STONEHOCKER TIMOTHY (Chief Technology Officer) disposed off 20,337 shares at an average price of $4.88 for $99234.0. The insider now directly holds 1,039,194 shares of SoundHound AI Inc (SOUN).
