During the last session, SoundHound AI Inc (NASDAQ:SOUN)’s traded shares were 19.88 million, with the beta value of the company hitting 2.99. At the end of the trading day, the stock’s price was $7.76, reflecting an intraday loss of -5.71% or -$0.47. The 52-week high for the SOUN share is $24.98, that puts it down -221.91 from that peak though still a striking 54.9% gain since the share price plummeted to a 52-week low of $3.50. The company’s market capitalization is $3.10B, and the average intraday trading volume over the past 10 days was 25.84 million shares, and the average trade volume was 39.84 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 1.86. 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 -5.71% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -5.71% in intraday trading to $7.76, hitting a weekly high. The stock’s 5-day price performance is -12.12%, and it has moved by -18.91% in 30 days. Based on these gigs, the overall price performance for the year is 95.47%. The short interest in SoundHound AI Inc (NASDAQ:SOUN) is 116.56 million shares and it means that shorts have 3.68 day(s) to cover.
The consensus price target of analysts on Wall Street is $13, which implies an increase of 40.31% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $13 and $13 respectively. As a result, SOUN is trading at a discount of -67.53% off the target high and -67.53% off the low.
While earnings are projected to return 75.69% in 2025.
SOUN Dividends
SoundHound AI Inc is due to release its next quarterly earnings on 2025-Feb-26. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
SoundHound AI Inc (NASDAQ:SOUN)’s Major holders
SoundHound AI Inc insiders own 1.88% of total outstanding shares while institutional holders control 36.04%, with the float percentage being 36.73%. VANGUARD GROUP INC is the largest shareholder of the company, while 494.0 institutions own stock in it. As of 2024-06-30, the company held over 22.69 million shares (or 7.9168% of all shares), a total value of $89.62 million in shares.
The next largest institutional holding, with 21.44 million shares, is of BLACKROCK INC.’s that is approximately 6.4622% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $84.7 million.
