In last trading session, SoundHound AI Inc (NASDAQ:SOUN) saw 86.52 million shares changing hands with its beta currently measuring 2.85. Company’s recent per share price level of $15.02 trading at -$2.96 or -16.44% at ring of the bell on the day assigns it a market valuation of $5.55B. That closing price of SOUN’s stock is at a discount of -66.31% from its 52-week high price of $24.98 and is indicating a premium of 89.21% 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 76.84 million shares which gives us an average trading volume of 63.22 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.
SoundHound AI Inc (NASDAQ:SOUN) trade information
Upright in the red during last session for losing -16.44%, in the last five days SOUN remained trading in the red while hitting it’s week-highest on Monday, 01/06/25 when the stock touched $15.02 price level, adding 34.27% to its value on the day. SoundHound AI Inc’s shares saw a change of -24.29% in year-to-date performance and have moved -24.29% in past 5-day. SoundHound AI Inc (NASDAQ:SOUN) showed a performance of 0.07% in past 30-days. Number of shares sold short was 76.23 million shares which calculate 0.95 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 -114.57% to its current value. 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 53.4% in reaching the projected high whereas dropping to the targeted low would mean a gain of 53.4% 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 196.25% of value to its shares in past 6 months, showing an annual growth rate of 0.00% while that of industry is 14.80.
SoundHound AI Inc (NASDAQ:SOUN)’s Major holders
Insiders are in possession of 1.98% of company’s total shares while institution are holding 29.81 percent of that, with stock having share float percentage of 30.42%. Investors also watch the number of corporate investors in a company very closely, which is 29.81% 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.
