SoundHound AI Inc (NASDAQ: SOUN): Can A Stock That’s Down -29.59% YTD Still Be Considered In Loss Territory?

During the last session, SoundHound AI Inc (NASDAQ:SOUN)’s traded shares were 24.62 million, with the beta value of the company hitting 2.75. At the end of the trading day, the stock’s price was $13.97, reflecting an intraday gain of 1.20% or $0.16. The 52-week high for the SOUN share is $24.98, that puts it down -78.81 from that peak though still a striking 85.11% gain since the share price plummeted to a 52-week low of $2.08. The company’s market capitalization is $5.50B, and the average intraday trading volume over the past 10 days was 38.23 million shares, and the average trade volume was 73.94 million shares over the past three months.

SoundHound AI Inc (SOUN) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.71. SOUN has a Sell rating from 0 analyst(s) out of 5 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 4 recommend a Buy rating for it.

SoundHound AI Inc (NASDAQ:SOUN) trade information

SoundHound AI Inc (SOUN) registered a 1.20% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 1.20% in intraday trading to $13.97, hitting a weekly high. The stock’s 5-day price performance is -11.64%, and it has moved by 8.97% in 30 days. Based on these gigs, the overall price performance for the year is 518.14%. The short interest in SoundHound AI Inc (NASDAQ:SOUN) is 101.8 million shares and it means that shorts have 1.65 day(s) to cover.

The consensus price target of analysts on Wall Street is $7, which implies a decrease of -99.57% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $7 and $7 respectively. As a result, SOUN is trading at a premium of 49.89% off the target high and 49.89% off the low.

While earnings are projected to return 5.42% in 2025, the next five years will return 21.98% per annum.

SOUN Dividends

SoundHound AI Inc is due to release its next quarterly earnings in March. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

The next largest institutional holding, with 21.44 million shares, is of BLACKROCK INC.’s that is approximately 7.4821% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $84.7 million.