In recent trading session, SoundHound AI Inc (NASDAQ:SOUN) saw 70.77 million shares changing hands at last check today with its beta currently measuring 2.75. Company’s recent per share price level of $19.00 trading at -$1.84 or -8.85% at last check today assigns it a market valuation of $7.03B. That most recent trading price of SOUN’s stock is at a discount of -26.74% from its 52-week high price of $24.08 and is indicating a premium of 91.47% from its 52-week low price of $1.62. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 135.89 million shares which gives us an average trading volume of 48.74 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 1.71. 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 -0.08 in the current quarter.
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SoundHound AI Inc (NASDAQ:SOUN) trade information
Upright in the red during last session for losing -8.85%, in the last five days SOUN remained trading in the green while hitting it’s week-highest on Wednesday, 12/18/24 when the stock touched $19.00 price level, adding 21.1% to its value on the day. SoundHound AI Inc’s shares saw a change of 796.23% in year-to-date performance and have moved 38.99% in past 5-day. SoundHound AI Inc (NASDAQ:SOUN) showed a performance of 191.86% in past 30-days. Number of shares sold short was 81.65 million shares which calculate 1.73 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 7 to the stock, which implies a fall of -171.43% 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. It follows that stock’s current price would jump 63.16% in reaching the projected high whereas dropping to the targeted low would mean a gain of 63.16% 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 375.00% of value to its shares in past 6 months, showing an annual growth rate of 0.00% while that of industry is 14.00. This year revenue growth is estimated to rise 82.83% from the last financial year’s standing.
6 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 33.73M for the same. And 6 analysts are in estimates of company making revenue of 32.19M in the next quarter. Company posted 17.15M and 11.59M of sales in current and next quarters respectively a year earlier.
SoundHound AI Inc (NASDAQ:SOUN)’s Major holders
Insiders are in possession of 2.13% of company’s total shares while institution are holding 29.26 percent of that, with stock having share float percentage of 29.90%. Investors also watch the number of corporate investors in a company very closely, which is 29.26% 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.
On the other hand, Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF are the top two Mutual Funds which own company’s shares. As of Sep 30, 2024, the former fund manager was holding 9.47 shares of worth $173.58 million or 2.81% of the total outstanding shares. The later fund manager was in possession of 7.65 shares on Sep 30, 2024, making its stake of worth around $140.24 million in the company or a holder of 2.27% of company’s stock.
