SoundHound AI Inc [NASDAQ: SOUN] loss -1.14% on the last trading session, reaching $15.60 price per share at the time.
If compared to the average trading volume of 75.38M shares, SOUN reached a trading volume of 37951911 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about SoundHound AI Inc [SOUN]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SOUN shares is $14.64 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SOUN stock is a recommendation set at 1.71. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Ladenburg Thalmann have made an estimate for SoundHound AI Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on November 13, 2024. While these analysts kept the previous recommendation, Cantor Fitzgerald raised their target price from $5 to $7. The new note on the price target was released on August 09, 2024, representing the official price target for SoundHound AI Inc stock. Previously, the target price had yet another raise to $4.90, while Cantor Fitzgerald analysts kept a Neutral rating on SOUN stock.
The Average True Range (ATR) for SoundHound AI Inc is set at 1.73, with the Price to Sales ratio for SOUN stock in the period of the last 12 months amounting to 91.21. The Price to Book ratio for the last quarter was 19.46, with the Price to Cash per share for the same quarter was set at 0.34.
Trading performance analysis for SOUN stock
SoundHound AI Inc [SOUN] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 10.25. With this latest performance, SOUN shares dropped by -13.21% in over the last four-week period, additionally plugging by 262.79% over the last 6 months – not to mention a rise of 806.98% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SOUN stock in for the last two-week period is set at 51.19, with the RSI for the last a single of trading hit 53.03, and the three-weeks RSI is set at 52.03 for SoundHound AI Inc [SOUN]. The present Moving Average for the last 50 days of trading for this stock 15.64, while it was recorded at 15.43 for the last single week of trading, and 7.66 for the last 200 days.
SoundHound AI Inc [SOUN]: A deeper dive into fundamental analysis
SoundHound AI Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.58 and a Current Ratio set at 2.58.
SoundHound AI Inc [SOUN]: An earnings per share (EPS) analysis
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for SOUN. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for SoundHound AI Inc go to 21.98%.
An analysis of Institutional ownership at SoundHound AI Inc [SOUN]
There are presently around $33.66%, or 34.39%% of SOUN stock, in the hands of institutional investors. The top three institutional holders of SOUN stocks are: VANGUARD GROUP INC with ownership of 22.69 million shares, which is approximately 7.9168%. BLACKROCK INC., holding 21.44 million shares of the stock with an approximate value of $$84.7 million in SOUN stocks shares; and BLACKROCK INC., currently with $$28.26 million in SOUN stock with ownership which is approximately 2.4964%.
