In today’s recent session, 20.78 million shares of the SoundHound AI Inc (NASDAQ:SOUN) have been traded, and its beta is 2.91. Most recently the company’s share price was $10.84, and it changed around $1.26 or 13.10% from the last close, which brings the market valuation of the company to $4.35B. SOUN at last check was trading at a discount to its 52-week high of $24.98, offering almost -130.44% off that amount. The share price’s 52-week low was $3.82, which indicates that the recent value has risen by an impressive 64.76% since then. We note from SoundHound AI Inc’s average daily trading volume that its 10-day average is 41.55 million shares, with the 3-month average coming to 30.57 million.
SoundHound AI Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.78. 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 (NASDAQ:SOUN) trade information
Instantly SOUN has been showing a green trend so far today with a performance of 13.10% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 10.79 on recent trading daydecreased the stock’s daily price by -0.46%. The company’s shares are currently down -45.39% year-to-date, but still up 5.50% over the last five days. On the other hand, SoundHound AI Inc (NASDAQ:SOUN) is 13.81% up in the 30-day period. We can see from the shorts that 111.74 million shares have been sold at a short interest cover period of 4.72 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 16.62% from its current value. Analyst projections state that SOUN is forecast to be at a low of $13 and a high of $13.
SOUN Dividends
SoundHound AI Inc’s next quarterly earnings report is expected to be released on 2025-May-07.
SoundHound AI Inc (NASDAQ:SOUN)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.98% of SoundHound AI Inc shares, and 44.78% of them are in the hands of institutional investors. The stock currently has a share float of 45.22%. SoundHound AI Inc stock is held by 494.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 6.8376% of the shares, which is about 22.69 million shares worth $89.62 million.
BLACKROCK INC., with 6.4622% or 21.44 million shares worth $84.7 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and iShares Trust-iShares Russell 2000 ETF were the top two Mutual Funds as of Dec 31, 2024 . The former held 10.05 shares worth $109.58 million, making up 2.72% of all outstanding shares. On the other hand, iShares Trust-iShares Russell 2000 ETF held roughly 8.54 shares worth around $93.05 million, which represents about 2.31% of the total shares outstanding.
