SoundHound AI Inc (NASDAQ:SOUN) has a beta value of 2.85 and has seen 48.15 million shares traded in the last trading session. The company, currently valued at $3.95B, closed the last trade at $9.82 per share which meant it gained $0.33 on the day or 3.48% during that session. The SOUN stock price is -154.38% off its 52-week high price of $24.98 and 61.1% above the 52-week low of $3.82. If we look at the company’s 10-day average daily trading volume, we find that it stood at 28.61 million shares traded. The 3-month trading volume is 28.47 million shares.
The consensus among analysts is that SoundHound AI Inc (SOUN) is Buy stock at the moment, with a recommendation rating of 1.78. 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 3.48% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the SOUN stock price touched $9.82 or saw a rise of 3.91%. Year-to-date, SoundHound AI Inc shares have moved 142.47%, while the 5-day performance has seen it change 1.03%. Over the past 30 days, the shares of SoundHound AI Inc (NASDAQ:SOUN) have changed 2.83%. Short interest in the company has seen 116.77 million shares shorted with days to cover at 3.27.
Wall Street analysts have a consensus price target for the stock at $13, which means that the shares’ value could jump 24.46% from current levels. 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 current price level is -32.38% off the targeted high while a plunge would see the stock gain -32.38% from current levels.
SoundHound AI Inc (SOUN) estimates and forecasts
The company’s shares have lost -52.89% over the past 6 months.
SOUN Dividends
SoundHound AI Inc is expected to release its next earnings report on 2025-May-08 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 0.99% of the company shares, while shares held by institutions stand at 44.88% with a share float percentage of 45.33%. Investors are also buoyed by the number of investors in a company, with SoundHound AI Inc having a total of 496.0 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 6.8376% 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.
