In today’s recent session, 3.87 million shares of the SoundHound AI Inc (NASDAQ:SOUN) have been traded, and its beta is 3.12. Most recently the company’s share price was $3.92, and it changed around -$0.06 or -1.38% from the last close, which brings the market valuation of the company to $1.29B. SOUN at last check was trading at a discount to its 52-week high of $10.25, offering almost -161.48% off that amount. The share price’s 52-week low was $1.49, which indicates that the recent value has risen by an impressive 61.99% since then. We note from SoundHound AI Inc’s average daily trading volume that its 3-month average coming to 26.68 million.
SoundHound AI Inc (NASDAQ:SOUN) trade information
Instantly SOUN has been showing red trend so far today with a performance of -1.38% on intraday trading today. The performance over the last five days has remained in the red territory. The company’s shares are currently up 85.14% year-to-date, but still down -8.51% over the last five days. On the other hand, SoundHound AI Inc (NASDAQ:SOUN) is -21.34% down in the 30-day period.
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The consensus price target as assigned by Wall Street analysts is $7.2, which translates to bulls needing to increase their stock price by 45.56% 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 84.27 percent over the past six months and at a 13.16% annual growth rate that is well above the industry average of 9.70%. The year-over-year growth rate is expected to be 53.70%, up from the previous year.
Consensus estimates provided by 6 financial analysts predict the company will bring in an average of 13.08M in revenue for the current quarter. 6 analysts expect SoundHound AI Inc to make 19.97M in revenue for the current ending quarter. Analysts predict that the company’s current quarter sales will jump, forecast at 62.30%.
SOUN Dividends
SoundHound AI Inc’s next quarterly earnings report is expected to be released in July.
