The market performance of SoundHound AI Inc’s stock has been harmonious in recent times. Over the last year, the company’s stock reached its highest point at $10.25 on 03/14/24, while the lowest value for the same duration was $1.49 on 10/26/23.
52-week price history of SOUN Stock
Studying a stock’s 52-week price history, which includes both low and high prices, can help gauge its current status and potential future performance. SoundHound AI Inc’s current trading price is -57.27% away from its 52-week high, while its distance from the 52-week low is 193.96%. The stock’s price range during the 52-week period has remained between $1.49 and $10.25. In the Technology sector, the company’s shares saw a trading volume of around 17.74 million for the day, which was evidently lower than the average daily volume of 62.55 million over the past three months.
Market Capitalization and Financial Performance: An In-Depth Look
SoundHound AI Inc (SOUN) has experienced a quarterly rise of 147.46% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 1.35B and boasts a workforce of 260 employees.
Making Sense of Trading Volume and Moving Average Data
Based on Barchart.com data, the company’s moving average over the 100-day period was 3.54, with a change in price of +2.27. Similarly, SoundHound AI Inc recorded 42,329,887 in trading volume during the last 100 days, posting a change of +107.58%.
Examining SOUN’s Debt-to-Equity Ratio: What You Need to Know
The debt-to-equity (D/E) ratio is a crucial measure that sheds light on a company’s financial health and market standing. It is determined by dividing a company’s overall liabilities by its shareholders’ equity, showing the extent of a company’s debt usage in financing its assets compared to the shareholders’ equity. At the time of writing, the total D/E ratio for SOUN stands at 3.20. Similarly, the long-term debt-to-equity ratio is also 3.10.
SOUN Stock Stochastic Average
SoundHound AI Inc’s raw stochastic average for the past 50 days is presently 31.98%, as of today. This marks a increase from the raw stochastic average of the last 20 days, which was 3.68%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 6.18% and 5.44%, respectively.
SOUN Stock Price Performance Analysis
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. This year’s metric has recorded a Price increase of 106.60%. However, over the past six months, we’ve seen a weaker performance of 130.53%. The price of SOUN leaped by -49.36% over the last 30 days. And in the last five days, it has fallen by -15.44%.
