SoundHound AI Inc [NASDAQ: SOUN] plunged by -$0.6 during the normal trading session on while it closed the day at $10.31.
SoundHound AI Inc stock has also loss -32.39% of its value over the past 7 days. However, SOUN stock has inclined by 66.56% in the 3 months of the year. Over the past six months meanwhile, it has gained 100.58% and lost -48.03% year-on date.
The market cap for SOUN stock reached $4.06 billion, with 336.48 million shares outstanding and 327.40 million shares in the current float. Compared to the average trading volume of 75.98M shares, SOUN reached a trading volume of 34361096 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say 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 $14.06 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 1.88. 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 1.65, with the Price to Sales ratio for SOUN stock in the period of the last 12 months amounting to 60.28. The Price to Book ratio for the last quarter was 12.86, with the Price to Cash per share for the same quarter was set at 0.34.
SOUN stock trade performance evaluation
SoundHound AI Inc [SOUN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -32.39. With this latest performance, SOUN shares dropped by -37.06% in over the last four-week period, additionally plugging by 100.58% over the last 6 months – not to mention a rise of 158.40% 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 33.55, with the RSI for the last a single of trading hit 27.69, and the three-weeks RSI is set at 38.48 for SoundHound AI Inc [SOUN]. The present Moving Average for the last 50 days of trading for this stock 16.12, while it was recorded at 10.94 for the last single week of trading, and 8.03 for the last 200 days.
SoundHound AI Inc [SOUN]: An insightful look at the core fundamentals
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.
Earnings per share (EPS) analysis for SoundHound AI Inc [SOUN] stock
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 27.10%.
SoundHound AI Inc [SOUN]: Institutional Ownership
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%.
