SoundHound AI Inc (NASDAQ: SOUN) is -35.53% lower on its value in year-to-date trading and has touched a low of $1.62 and a high of $24.98 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The SOUN stock was last observed hovering at around $12.82 in the last trading session, with the day’s loss setting it -0.03%.
Currently trading at $12.79, the stock is -33.07% and 0.35% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 65.68 million and changing -0.23% at the moment leaves the stock 88.47% off its SMA200. SOUN registered 622.60% gain for a year compared to 6-month gain of 127.18%. The firm has a 50-day simple moving average (SMA 50) of $12.5985 and a 200-day simple moving average (SMA200) of $6.751925.
The stock witnessed a -5.61% loss in the last 1 month and extending the period to 3 months gives it a 160.49%, and is -35.70% 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 13.56% over the week and 17.15% over the month.
SoundHound AI Inc (SOUN) has around 260 employees, a market worth around $4.73B and $67.30M in sales. Profit margin for the company is -165.04%. Distance from 52-week low is 689.51% and -48.80% from its 52-week high. The company has generated returns on investments over the last 12 months (-32.87%).
The EPS is expected to grow by 5.42% this year.
SoundHound AI Inc (SOUN) Top Institutional Holders
379.0 institutions hold shares in SoundHound AI Inc (SOUN), with institutional investors hold 30.43% of the company’s shares. The shares outstanding are 336.48M, and float is at 325.24M with Short Float at 24.59%. Institutions hold 29.82% 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 20,000 shares of the company’s common stock on Dec 23 ’24 at a price of $20.47 per share for a total of $0.41 million. Following the sale, the insider now owns 0.11 million shares.
SoundHound AI Inc disclosed in a document filed with the SEC on Dec 23 ’24 that SROKA DIANA (Director) sold a total of 3,402 shares of the company’s common stock. The trade occurred on Dec 23 ’24 and was made at $22.70 per share for $77225.0. Following the transaction, the insider now directly holds 0.14 million shares of the SOUN stock.
Still, SEC filings show that on Dec 24 ’24, MOHAJER KEYVAN (CEO) disposed off 156,288 shares at an average price of $20.20 for $3.16 million. The insider now directly holds 2,021,666 shares of SoundHound AI Inc (SOUN).
