SoundHound AI Inc (NASDAQ:SOUN) has a beta value of 2.97 and has seen 6.78 million shares traded in the recent trading session. The company, currently valued at $3.22B, closed the recent trade at $8.08 per share which meant it lost -$0.42 on the day or -4.99% during that session. The SOUN stock price is -209.16% off its 52-week high price of $24.98 and 56.68% above the 52-week low of $3.50. If we look at the company’s 10-day average daily trading volume, we find that it stood at 21.12 million shares traded. The 3-month trading volume is 47.83 million shares.
The consensus among analysts is that SoundHound AI Inc (SOUN) is Buy stock at the moment, with a recommendation rating of 1.86. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 1 out of 5 have rated it as a Hold, with 4 advising it as a Buy. 0 have rated the stock as Underweight.
SoundHound AI Inc (NASDAQ:SOUN) trade information
Sporting -4.99% in the red today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the SOUN stock price touched $8.08 or saw a rise of 22.97%. Year-to-date, SoundHound AI Inc shares have moved -59.30%, while the 5-day performance has seen it change -21.67%. Over the past 30 days, the shares of SoundHound AI Inc (NASDAQ:SOUN) have changed -25.36%. Short interest in the company has seen 116.57 million shares shorted with days to cover at 2.33.
Wall Street analysts have a consensus price target for the stock at $13, which means that the shares’ value could jump 37.85% from the levels at last check today.. The projected low price target is $13.0 while the price target rests at a high of $13.0. In that case, then, we find that the latest price level in today’s session is -60.89% off the targeted high while a plunge would see the stock gain -60.89% from the levels at last check today..
SoundHound AI Inc (SOUN) estimates and forecasts
The company’s shares have gained 64.47% over the past 6 months.
SOUN Dividends
SoundHound AI Inc is expected to release its next earnings report on 2025-Feb-26 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
SoundHound AI Inc (NASDAQ:SOUN)’s Major holders
Insiders own 1.88% of the company shares, while shares held by institutions stand at 35.96% with a share float percentage of 36.65%. Investors are also buoyed by the number of investors in a company, with SoundHound AI Inc having a total of 494.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 22.69 million shares worth more than $89.62 million. As of 2024-06-30, VANGUARD GROUP INC held 7.9168% of shares outstanding.
The other major institutional holder is BLACKROCK INC., with the holding of over 21.44 million shares as of 2024-06-30. The firm’s total holdings are worth over $84.7 million and represent 6.4622% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and iShares Trust-iShares Russell 2000 ETF . As of Dec 31, 2024 , the former fund manager holds about 2.74% shares in the company for having 10.05 shares of worth $80.92 million while later fund manager owns 7.96 shares of worth $64.11 million as of Feb 28, 2025 , which makes it owner of about 2.17% of company’s outstanding stock.
