In last trading session, SoundHound AI Inc (NASDAQ:SOUN) saw 24.33 million shares changing hands with its beta currently measuring 2.92. Company’s recent per share price level of $8.91 trading at -$0.22 or -2.41% at ring of the bell on the day assigns it a market valuation of $3.50B. That closing price of SOUN’s stock is at a discount of -180.36% from its 52-week high price of $24.98 and is indicating a premium of 60.72% from its 52-week low price of $3.50. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 41.9 million shares which gives us an average trading volume of 64.90 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 1.88. 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 -0.06 in the current quarter.
SoundHound AI Inc (NASDAQ:SOUN) trade information
Upright in the red during last session for losing -2.41%, in the last five days SOUN remained trading in the red while hitting it’s week-highest on Friday, 03/07/25 when the stock touched $8.91 price level, adding 9.91% to its value on the day. SoundHound AI Inc’s shares saw a change of -55.09% in year-to-date performance and have moved -6.70% in past 5-day. SoundHound AI Inc (NASDAQ:SOUN) showed a performance of -35.46% in past 30-days. Number of shares sold short was 119.72 million shares which calculate 2.44 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 10 to the stock, which implies a rise of 10.9% 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 13. It follows that stock’s current price would jump 21.44% in reaching the projected high whereas dropping to the targeted low would mean a gain of 21.44% for stock’s current value.
SoundHound AI Inc (SOUN) estimates and forecasts
This year revenue growth is estimated to rise 96.20% from the last financial year’s standing.
7 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 30.89M for the same. And 7 analysts are in estimates of company making revenue of 36.89M in the next quarter. Company posted 11.59M and 13.46M of sales in current and next quarters respectively a year earlier.
SoundHound AI Inc (NASDAQ:SOUN)’s Major holders
Insiders are in possession of 1.88% of company’s total shares while institution are holding 35.91 percent of that, with stock having share float percentage of 36.60%. Investors also watch the number of corporate investors in a company very closely, which is 35.91% 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 Dec 31, 2024 , the former fund manager was holding 10.05 shares of worth $89.57 million or 2.79% of the total outstanding shares. The later fund manager was in possession of 8.31 shares on Dec 31, 2024 , making its stake of worth around $74.02 million in the company or a holder of 2.30% of company’s stock.
