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SoundHound AI Inc (SOUN) Stock: 52-Week Performance Insights and Trading Volume

The 52-week high and low prices can offer valuable insights into a stock’s current standing and prospects for future performance. SoundHound AI Inc’s current trading price is -57.54% away from its 52-week high, while its distance from the 52-week low is 45.63%. The stock’s price range for this period has been between $1.49 and $5.11 The company’s shares, which are part of the Technology sector, had a trading volume of approximately 21.47 million for the day, a number notably higher than the average daily volume of 8.76 million over the last three months.

In terms of market performance, SoundHound AI Inc had a fairly uneven. The highest value for the stock in the past year was $5.11 on 06/29/23, and the lowest value was recorded at $1.49 on 10/26/23.

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Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis

SoundHound AI Inc (SOUN) has experienced a quarterly rise of 22.59% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 535.79M and boasts a workforce of 430 employees.

Analyzing Trading Volume and Moving Average Trends

Based on Barchart.com data, the company’s moving average over the 100-day period was 1.9402, with a change in price of -0.0350. Similarly, SoundHound AI Inc recorded 8,182,645 in trading volume during the last 100 days, posting a change of -1.56%.

Understanding Ticker ‘s Debt-to-Equity Ratio: An Analysis

The debt-to-equity (D/E) ratio serves as an important indicator of a company’s financial stability and market position. By dividing a company’s total liabilities by its shareholders’ equity, the D/E ratio reveals the degree to which a company relies on debt to finance assets compared to its shareholders’ equity. At the time of writing, the total D/E ratio for SOUN stands at 3.47. Similarly, the long-term debt-to-equity ratio is also 3.36.

SOUN Stock Stochastic Average

As of today, SoundHound AI Inc’s raw stochastic average for the last 50 days stands at 75.32%. This is a decline compared to the raw stochastic average of the previous 20 days, which was noted at 90.15%. Furthermore, the company’s Stochastic %K and %D values for the past 20 days were 65.95% and 42.63%, respectively.

SOUN Stock Price Performance Analysis

The stock price performance for the year has been a mixed bag, indicating either a pessimistic or optimistic outlook depending on how you look at it. The metric has seen a significant gain of 2.35% since the start of this calendar year. Looking back over the last six months, we can see a weaker performance of 14.81%. Over the past 30 days, the price of SOUN has fallen by 15.73%. And in the last five days, it has surged by 27.64%.

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