In the latest trading session,, 15.53 million SoundHound AI Inc (NASDAQ:SOUN) shares changed hands as the company’s beta touched 2.92. With the company’s most recent per share price at $10.28 changed hands at -$0.91 or -8.09% at last look, the market valuation stands at $4.13B. SOUN’s current price is a discount, trading about -143.0% off its 52-week high of $24.98. The share price had its 52-week low at $3.82, which suggests the last value was 62.84% up since then.
Analysts gave the SoundHound AI Inc (SOUN) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.86. If we narrow down to specifics, the data shows that 0 out of 5 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended SOUN as a Hold, 4 felt it is a Buy and 0 rated the stock as Underweight.
SoundHound AI Inc (NASDAQ:SOUN) trade information
Instantly SOUN was in red as seen in intraday trades today. With action -6.58%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -48.16%, with the 5-day performance at -6.58% in the red. However, in the 30-day time frame, SoundHound AI Inc (NASDAQ:SOUN) is 31.52% up.
The consensus price target for the stock as assigned by Wall Street analysts is 13, meaning bulls need an upside of 20.92% from its recent market value. According to analyst projections, SOUN’s forecast low is 13 with 13 as the target high. To hit the forecast high, the stock’s price needs a -26.46% plunge from its current level, while the stock would need to soar -26.46% for it to hit the projected low.
The 2025 estimates are for SoundHound AI Inc earnings to increase by 105.36%.
SOUN Dividends
SoundHound AI Inc is expected to release its next quarterly earnings report in June.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 6.4622% or 21.44 million shares worth $84.7 million as of 2024-06-30.
Among Mutual Funds, the top two as of Dec 31, 2024 were VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and iShares Trust-iShares Russell 2000 ETF . With 10.05 shares estimated at $103.39 million under it, the former controlled 2.72% of total outstanding shares. On the other hand, iShares Trust-iShares Russell 2000 ETF held about 2.31% of the shares, roughly 8.54 shares worth around $87.79 million.
