SoundHound AI Inc (NASDAQ: SOUN) is -44.51% lower on its value in year-to-date trading and has touched a low of $3.82 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 $8.98 in the last trading session, with the day’s gains setting it 2.03%.
Currently trading at $11.01, the stock is 22.66% and 21.96% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 91.92 million and changing 22.61% at the moment leaves the stock 19.44% off its SMA200. SOUN registered 128.90% gain for a year compared to 6-month gain of 93.50%.
The stock witnessed a 34.27% loss in the last 1 month and extending the period to 3 months gives it a -28.18%, and is 19.80% 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 8.62% over the week and 6.74% over the month.
SoundHound AI Inc (SOUN) has around 842 employees, a market worth around $4.41B and $102.23M in sales. Profit margin for the company is -184.41%. Distance from 52-week low is 188.22% and -55.92% from its 52-week high. The company has generated returns on investments over the last 12 months (-47.19%).
The EPS is expected to grow by 100.41% this year.
SoundHound AI Inc (SOUN) Top Institutional Holders
The shares outstanding are 368.87M, and float is at 357.51M with Short Float at 31.26%.
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 6.8376% 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 6.4622 of the shares outstanding. The other top investors are STATE STREET CORP which holds 7.15 million shares representing 2.1561% and valued at over $28.26 million, while GEODE CAPITAL MANAGEMENT, LLC holds 1.9863 of the shares totaling 6.59 million with a market value of $26.04 million.
SoundHound AI Inc (SOUN) Insider Activity
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SoundHound AI Inc disclosed in a document filed with the SEC on Mar 24 ’25 that HOM JAMES MING (Chief Product Officer) sold a total of 51,196 shares of the company’s common stock. The trade occurred on Mar 24 ’25 and was made at $10.25 per share for $0.52 million. Following the transaction, the insider now directly holds 0.64 million shares of the SOUN stock.
Still, SEC filings show that on Mar 20 ’25, HOM JAMES MING (Chief Product Officer) disposed off 28,388 shares at an average price of $9.90 for $0.28 million. The insider now directly holds 689,652 shares of SoundHound AI Inc (SOUN).
