SoundHound AI Inc (NASDAQ:SOUN) has a beta value of 3.04 and has seen 4.53 million shares traded in the recent trading session. The company, currently valued at $1.88B, closed the recent trade at $5.12 per share which meant it lost -$0.02 on the day or -0.39% during that session. The SOUN stock price is -100.2% off its 52-week high price of $10.25 and 68.75% above the 52-week low of $1.60. If we look at the company’s 10-day average daily trading volume, we find that it stood at 25.0 million shares traded. The 3-month trading volume is 19.09 million shares.
The consensus among analysts is that SoundHound AI Inc (SOUN) is Buy stock at the moment, with a recommendation rating of 1.29. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 1 out of 5 have rated it as a Hold, with 4 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.07.
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SoundHound AI Inc (NASDAQ:SOUN) trade information
Sporting -0.39% in the red today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the SOUN stock price touched $5.12 or saw a rise of 18.08%. Year-to-date, SoundHound AI Inc shares have moved 141.51%, while the 5-day performance has seen it change -16.34%. Over the past 30 days, the shares of SoundHound AI Inc (NASDAQ:SOUN) have changed 9.17%. Short interest in the company has seen 74.42 million shares shorted with days to cover at 4.99.
Wall Street analysts have a consensus price target for the stock at $8, which means that the shares’ value could jump 36.0% from the levels at last check today. The projected low price target is $7.0 while the price target rests at a high of $9.5. In that case, then, we find that the latest price level in today’s session is -85.55% off the targeted high while a plunge would see the stock gain -36.72% from the levels at last check today.
SoundHound AI Inc (SOUN) estimates and forecasts
Figures show that SoundHound AI Inc shares have underperformed across the wider relevant industry. The company’s shares have lost -1.73% over the past 6 months, with this year growth rate of 5.26%, compared to 14.00% for the industry. Revenue growth from the last financial year stood is estimated to be 80.00%.
7 analysts offering their estimates for the company have set an average revenue estimate of 23.02M for the current quarter. 7 have an estimated revenue figure of 34.49M for the next ending quarter.
SOUN Dividends
SoundHound AI Inc is expected to release its next earnings report on 2024-Nov-12 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
SoundHound AI Inc (NASDAQ:SOUN)’s Major holders
Insiders own 2.32% of the company shares, while shares held by institutions stand at 28.02% with a share float percentage of 28.69%. Investors are also buoyed by the number of investors in a company, with SoundHound AI Inc having a total of 343.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 22.69 million shares worth more than $89.62 million. As of 2024-06-30, VANGUARD GROUP INC held 7.9168% of shares outstanding.
The other major institutional holder is BLACKROCK INC., with the holding of over 21.44 million shares as of 2024-06-30. The firm’s total holdings are worth over $84.7 million and represent 7.4821% of shares outstanding.
