In today’s recent session, 15.2 million shares of the SoundHound AI Inc (NASDAQ:SOUN) have been traded, and its beta is 3.28. Most recently the company’s share price was $5.20, and it changed around -$0.1 or -1.98% from the last close, which brings the market valuation of the company to $1.59B. SOUN at last check was trading at a discount to its 52-week high of $10.25, offering almost -97.12% off that amount. The share price’s 52-week low was $1.49, which indicates that the recent value has risen by an impressive 71.35% since then. We note from SoundHound AI Inc’s average daily trading volume that its 3-month average coming to 70.07 million.
SoundHound AI Inc (NASDAQ:SOUN) trade information
Instantly SOUN has been showing red trend so far today with a performance of -1.98% on intraday trading today. The performance over the last five days has remained in the green territory. The company’s shares are currently up 145.05% year-to-date, but still up 8.00% over the last five days. On the other hand, SoundHound AI Inc (NASDAQ:SOUN) is 27.96% up in the 30-day period.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The consensus price target as assigned by Wall Street analysts is $7.2, which translates to bulls needing to increase their stock price by 27.78% from its current value. Analyst projections state that SOUN is forecast to be at a low of $4.9 and a high of $9.5.
SoundHound AI Inc (SOUN) estimates and forecasts
SoundHound AI Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 161.06 percent over the past six months and at a 18.42% annual growth rate that is well above the industry average of 8.80%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 10.00% in revenue this quarter, and will report an increase of 22.20% in the next quarter. The year-over-year growth rate is expected to be 54.10%, up from the previous year.
Consensus estimates provided by 6 financial analysts predict the company will bring in an average of $13.43 million in revenue for the current quarter. 6 analysts expect SoundHound AI Inc to make $20.15 million in revenue for the quarter ending Sep 2024. The company’s sales for the same quarters a year ago were $8.06 million. Analysts predict that the company’s current quarter sales will jump, forecast at 66.60%.
