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SoundHound AI Inc. Inc. (SOUN) Price Performance: A Fundamental Analysis Perspective

Investors’ outlook regarding the stock price performance over the year has been a mixed bag, with a range of optimism to pessimism depending on their perspective. Until today this year the stock’s price performance recorded an increase of 27.12%. However, over the last six months, the performance has been weaker by 27.84%. The price of SOUN increased 2.74% over the last 30 days. And in the last five days, it has fallen by 0.00%.

SoundHound AI Inc. (SOUN) stock is currently valued at $2.25. During the last session, the stock experienced a remarkable rise, reaching $2.31 after opening at $2.11. The stock briefly dropped to $2.04 before ultimately closing at $2.13.

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SoundHound AI Inc. experienced a somewhat shaky performance in the stock market. The company’s stock reached a 1-year high of $5.11 on 06/29/23, while the lowest price for the same period was registered at $0.93 on 12/22/22.

52-week price history of SOUN Stock

Analyzing a stock’s 52-week high and low prices can offer important information about its present condition and future outlook. SoundHound AI Inc.’s current trading price is -55.97% away from its 52-week high, while its distance from the 52-week low is 141.94%. The stock’s price range during this period has varied between$0.93 and $5.11. The SoundHound AI Inc.’s shares, which operate in the Technology, saw a trading volume of around 11.0 million for the day, a figure considerably lower than their average daily volume of 18.25 million over last three months.

Market Capitalization vs. Financial Performance: A Comparative Study

SoundHound AI Inc. (SOUN) has experienced a quarterly decline of -32.63% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 546.66M and boasts a workforce of 430 employees.

Combining Moving Average and Trading Volume Data for Better Market Insight

Based on Barchart.com data, the company’s moving average over the 100-day period was 2.84, with a change in price of -0.01. Similarly, SoundHound AI Inc. recorded 15,464,726 in trading volume during the last 100 days, posting a change of -0.44%.

SOUN’s Debt-to-Equity Ratio Cause for Concern? An In-Depth Look

The debt-to-equity (D/E) ratio is a significant metric that provides insights into a company’s financial state and market presence. By dividing a company’s current liabilities by its shareholders’ equity, the D/E ratio depicts the extent of debt used by a company to fund its assets relative to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for SOUN stands at 4.83. Similarly, the long-term debt-to-equity ratio is also 4.82.

SOUN Stock Stochastic Average

As of today, SoundHound AI Inc.’s raw stochastic average for the last 50 days stands at 20.83%. This is a decline compared to the raw stochastic average of the previous 20 days, which was noted at 32.81%. Furthermore, the company’s Stochastic %K and %D values for the past 20 days were 22.22% and 25.01%, respectively.

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