SoundHound AI Inc (NASDAQ: SOUN) is 850.47% higher on its value in year-to-date trading and has touched a low of $1.62 and a high of $24.08 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 $20.43 in the last trading session, with the day’s loss setting it -0.19%.
Currently trading at $20.24, the stock is 36.92% and 111.68% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 54.48 million and changing -0.93% at the moment leaves the stock 231.57% off its SMA200. SOUN registered 873.43% gain for a year compared to 6-month gain of 406.28%. The firm has a 50-day simple moving average (SMA 50) of $9.2624 and a 200-day simple moving average (SMA200) of $6.0335.
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The stock witnessed a 144.24% loss in the last 1 month and extending the period to 3 months gives it a 312.07%, and is 3.92% 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 23.47% over the week and 17.28% over the month.
SoundHound AI Inc (SOUN) has around 260 employees, a market worth around $7.41B and $67.30M in sales. Profit margin for the company is -165.04%. Distance from 52-week low is 1149.38% and -15.95% from its 52-week high. The company has generated returns on investments over the last 12 months (-32.87%).
with sales reaching $33.73M over the same period.The EPS is expected to grow by 5.42% this year, but quarterly earnings will post 82.83% year-over-year. Quarterly sales are estimated to grow 96.70% in year-over-year returns.
369.0 institutions hold shares in SoundHound AI Inc (SOUN), with institutional investors hold 29.89% of the company’s shares. The shares outstanding are 336.48M, and float is at 324.50M with Short Float at 23.49%. Institutions hold 29.26% 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
Still, SEC filings show that on Dec 20 ’24, STONEHOCKER TIMOTHY (Officer) Proposed Sale 34,407 shares at an average price of $18.86 for $0.65 million. The insider now directly holds shares of SoundHound AI Inc (SOUN).
