SoundHound AI Inc (NASDAQ:SOUN)’s traded shares stood at 51.77 million during the last session, with the company’s beta value hitting 2.73. At the close of trading, the stock’s price was $15.78, to imply a decrease of -0.19% or -$0.03 in intraday trading. The SOUN share’s 52-week high remains $24.98, putting it -58.3% down since that peak but still an impressive 89.73% since price per share fell to its 52-week low of $1.62. The company has a valuation of $6.21B, with an average of 44.01 million shares in intraday trading volume over the past 10 days and average of 74.91 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for SoundHound AI Inc (SOUN), translating to a mean rating of 1.71. Of 5 analyst(s) looking at the stock, 0 analyst(s) give SOUN a Sell rating. 0 of those analysts rate the stock as Overweight while 1 advise Hold as 4 recommend it as a Buy.
SoundHound AI Inc (NASDAQ:SOUN) trade information
After registering a -0.19% downside in the last session, SoundHound AI Inc (SOUN) has traded red over the past five days. The 5-day price performance for the stock is 12.71%, and -20.66% over 30 days. With these gigs, the year-to-date price performance is -20.46%. Short interest in SoundHound AI Inc (NASDAQ:SOUN) saw shorts transact 100.76 million shares and set a 1.13 days time to cover.
The extremes give us $7 and $9 for target low and target high price respectively. As such, SOUN has been trading 42.97% off suggested target high and 55.64% from its likely low.
SoundHound AI Inc (SOUN) estimates and forecasts
Looking at statistics comparing SoundHound AI Inc share performance against respective industry, we note that the company has underperformed competitors. SoundHound AI Inc (SOUN) shares are 253.81% up over the last 6 months, with its year-to-date growth rate lower than industry average at 0.00% against 14.60%.
SOUN Dividends
SoundHound AI Inc has its next earnings report out in March. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
SoundHound AI Inc (NASDAQ:SOUN)’s Major holders
SoundHound AI Inc insiders hold 2.05% of total outstanding shares, with institutional holders owning 32.75% of the shares at 33.44% float percentage. In total, 32.75% institutions holds shares in the company, led by VANGUARD GROUP INC. As of 2024-06-30, the company held over 22.69 million shares (or 7.9168% of shares), all amounting to roughly $89.62 million.
The next major institution holding the largest number of shares is BLACKROCK INC. with 21.44 million shares, or about 7.4821% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $84.7 million.
