During the last session, SoundHound AI Inc (NASDAQ:SOUN)’s traded shares were 42.91 million, with the beta value of the company hitting 3.29. At the end of the trading day, the stock’s price was $4.01, reflecting an intraday loss of -3.84% or -$0.16. The 52-week high for the SOUN share is $10.25, that puts it down -155.61 from that peak though still a striking 62.84% gain since the share price plummeted to a 52-week low of $1.49. The company’s market capitalization is $1.24B, and the average trade volume was 64.36 million shares over the past three months.
SoundHound AI Inc (NASDAQ:SOUN) trade information
SoundHound AI Inc (SOUN) registered a -3.84% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -3.84% in intraday trading to $4.01, hitting a weekly high. The stock’s 5-day price performance is 1.26%, and it has moved by -31.57% in 30 days. Based on these gigs, the overall price performance for the year is 63.67%.
SoundHound AI Inc (SOUN) estimates and forecasts
Statistics show that SoundHound AI Inc has outperformed its competitors in share price, compared to the industry in which it operates. SoundHound AI Inc (SOUN) shares have gone up 144.51% during the last six months, with a year-to-date growth rate more than the industry average at 21.05% against 11.40. In the rating firms’ projections, revenue will increase 51.50% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 10.1M as predicted by 6 analyst(s). Meanwhile, a consensus of 6 analyst(s) estimates revenue growth to 13.77M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 6.71M and 8.06M respectively. In this case, analysts expect current quarter sales to grow by 50.60% and then jump by 70.80% in the coming quarter.
While earnings are projected to return 25.50% in 2024.
SOUN Dividends
SoundHound AI Inc is due to release its next quarterly earnings in May. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
