In recent trading session, SoundHound AI Inc (NASDAQ:SOUN) saw 10.19 million shares changing hands at last check today with its beta currently measuring 3.05. Company’s recent per share price level of $5.37 trading at $0.12 or 2.31% at last check today assigns it a market valuation of $1.93B. That most recent trading price of SOUN’s stock is at a discount of -90.88% from its 52-week high price of $10.25 and is indicating a premium of 72.25% from its 52-week low price of $1.49. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 17.45 million shares which gives us an average trading volume of 18.28 million if we extend that period to 3-months.

For SoundHound AI Inc (SOUN), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.29. Splitting up the data highlights that, out of 5 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 4 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.07 in the current quarter.

SoundHound AI Inc (NASDAQ:SOUN) trade information

Upright in the green today for gaining 2.31%, in the last five days SOUN remained trading in the green while hitting it’s week-highest on Thursday, 10/17/24 when the stock touched $5.37 price level, adding 4.62% to its value on the day. SoundHound AI Inc’s shares saw a change of 153.36% in year-to-date performance and have moved 10.98% in past 5-day. SoundHound AI Inc (NASDAQ:SOUN) showed a performance of 10.75% in past 30-days. Number of shares sold short was 78.33 million shares which calculate 6.41 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 8 to the stock, which implies a rise of 32.88% to its recent value today. Analysts have been projecting 7 as a low price target for the stock while placing it at a high target of 9.5. It follows that stock’s current price would drop -30.35% in reaching the projected high whereas dropping to the targeted low would mean a loss of -30.35% for stock’s current value.

SoundHound AI Inc (SOUN) estimates and forecasts

Statistics highlight that SoundHound AI Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company added 40.24% of value to its shares in past 6 months, showing an annual growth rate of 5.26% while that of industry is 14.50. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 80.00% from the last financial year’s standing.

7 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 23.02M for the same. And 7 analysts are in estimates of company making revenue of 34.49M in the next quarter.

SoundHound AI Inc (NASDAQ:SOUN)’s Major holders

Insiders are in possession of 2.32% of company’s total shares while institution are holding 27.97 percent of that, with stock having share float percentage of 28.63%. Investors also watch the number of corporate investors in a company very closely, which is 27.97% institutions for SoundHound AI Inc that are currently holding shares of the company. VANGUARD GROUP INC is the top institutional holder at SOUN for having 22.69 million shares of worth $89.62 million. And as of 2024-06-30, it was holding 7.9168 of the company’s outstanding shares.

The second largest institutional holder is BLACKROCK INC., which was holding about 21.44 million shares on 2024-06-30. The number of shares represents firm’s hold over 7.4821 of outstanding shares, having a total worth of $84.7 million.