In the last trading session, 26.09 million shares of the SoundHound AI Inc (NASDAQ:SOUN) were traded, and its beta was 2.90. Most recently the company’s share price was $9.86, and it changed around $0.27 or 2.82% from the last close, which brings the market valuation of the company to $3.93B. SOUN currently trades at a discount to its 52-week high of $24.98, offering almost -153.35% off that amount. The share price’s 52-week low was $3.50, which indicates that the current value has risen by an impressive 64.5% since then. We note from SoundHound AI Inc’s average daily trading volume that its 10-day average is 28.48 million shares, with the 3-month average coming to 53.22 million.
SoundHound AI Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.86. If we narrow it down even further, the data shows that 0 out of 7 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 3 recommended SOUN as a Hold, whereas 3 deemed it a Buy, and 0 rated it as Underweight. SoundHound AI Inc is expected to report earnings per share of -0.06 for the current quarter.
SoundHound AI Inc (NASDAQ:SOUN) trade information
Instantly SOUN has showed a green trend with a performance of 2.82% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 10.52 on recent trading dayincreased the stock’s daily price by 6.27%. The company’s shares are currently down -50.30% year-to-date, but still down -4.64% over the last five days. On the other hand, SoundHound AI Inc (NASDAQ:SOUN) is -9.62% down in the 30-day period. We can see from the shorts that 119.72 million shares have been sold at a short interest cover period of 2.44 day(s).
The consensus price target as assigned by Wall Street analysts is $13, which translates to bulls needing to increase their stock price by 24.15% from its current value. Analyst projections state that SOUN is forecast to be at a low of $13 and a high of $13.
SoundHound AI Inc (SOUN) estimates and forecasts
The year-over-year growth rate is expected to be 96.20%, up from the previous year.
Consensus estimates provided by 7 financial analysts predict the company will bring in an average of 30.89M in revenue for the current quarter. 7 analysts expect SoundHound AI Inc to make 36.89M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 11.59M and 13.46M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 166.40%. Forecasts for the next quarter put sales growth at 174.03%.
SOUN Dividends
SoundHound AI Inc’s next quarterly earnings report is expected to be released on 2025-Feb-26.
SoundHound AI Inc (NASDAQ:SOUN)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 1.88% of SoundHound AI Inc shares, and 35.96% of them are in the hands of institutional investors. The stock currently has a share float of 36.65%. SoundHound AI Inc stock is held by 493.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 7.9168% of the shares, which is about 22.69 million shares worth $89.62 million.
BLACKROCK INC., with 7.4821% or 21.44 million shares worth $84.7 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
