During the last session, SoundHound AI Inc (NASDAQ:SOUN)’s traded shares were 26.82 million, with the beta value of the company hitting 2.89. At the end of the trading day, the stock’s price was $9.55, reflecting an intraday loss of -5.91% or -$0.6. The 52-week high for the SOUN share is $24.98, that puts it down -161.57 from that peak though still a striking 63.35% gain since the share price plummeted to a 52-week low of $3.50. The company’s market capitalization is $3.76B, and the average trade volume was 71.91 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 1.88. 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. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.06.
SoundHound AI Inc (NASDAQ:SOUN) trade information
SoundHound AI Inc (SOUN) registered a -5.91% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -5.91% in intraday trading to $9.55, hitting a weekly high. The stock’s 5-day price performance is 3.69%, and it has moved by -39.21% in 30 days. Based on these gigs, the overall price performance for the year is 69.78%.
The consensus price target of analysts on Wall Street is $7, which implies a decrease of -36.43% 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 26.7% off the target high and 26.7% off the low.
SoundHound AI Inc (SOUN) estimates and forecasts
In the rating firms’ projections, revenue will increase 96.20% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 30.89M as predicted by 7 analyst(s). Meanwhile, a consensus of 7 analyst(s) estimates revenue growth to 36.89M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 11.59M and 13.46M respectively. In this case, analysts expect current quarter sales to grow by 166.40% and then jump by 174.03% in the coming quarter.
While earnings are projected to return 74.84% in 2025.
SOUN Dividends
SoundHound AI Inc is due to release its next quarterly earnings in April. 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.
Also, the Mutual Funds coming in first place with the largest holdings of SoundHound AI Inc (SOUN) shares are Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF . Data provided on Sep 30, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 9.47 shares. This amounts to just over 2.63 percent of the company’s overall shares, with a $90.46 million market value. The same data shows that the other fund manager holds slightly less at 8.31, or about 2.30% of the stock, which is worth about $79.34 million.
