In terms of market performance, SoundHound AI Inc had a somewhat regular. The highest value for the stock in the past year was $10.25 on 03/14/24, while the lowest value was $1.49 on 10/26/23.
52-week price history of SOUN Stock
Analyzing the 52-week price history of a stock, including its high and low prices, can provide valuable insight into its current status and potential future performance. SoundHound AI Inc’s current trading price is -53.37% away from its 52-week high, while its distance from the 52-week low is 220.81%. The stock’s price range for this period has remained between $1.49 and $10.25. The Technology sector company’s shares managed to surpass a trading volume of around 15.93 million for the day, which was noticeably lower compared to the shares’ average daily volume of 26.43 million over the last three months.
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Financial Performance and Market Capitalization
SoundHound AI Inc (SOUN) has experienced a quarterly rise of 8.64% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 1.57B and boasts a workforce of 260 employees.
Moving average and trading volume data
Based on Barchart.com data, the company’s moving average over the 100-day period was 5.05, with a change in price of -0.18. Similarly, SoundHound AI Inc recorded 37,633,711 in trading volume during the last 100 days, posting a change of -3.63%.
SOUN Debt-to-equity ratio analysis
The debt-to-equity (D/E) ratio is a valuable metric that offers insight into a company’s financial health and standing in the market. This ratio is calculated by dividing a company’s current total liabilities by its shareholders’ equity. The D/E ratio illustrates the extent of debt a company is utilizing to support its assets in relation to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for SOUN stands at 0.58. Similarly, the long-term debt-to-equity ratio is also 0.56.
SOUN Stock Stochastic Average
As of today, the raw stochastic average of SoundHound AI Inc over the last 50 days is at 36.50%. This shows a increasee from the raw stochastic average of the previous 20 days, which was recorded at 36.50%. Further, the company’s Stochastic %K and %D values for the last 20 days were 41.44% and 38.74%, respectively.
SOUN Stock Price Performance Analysis
A mixed performance in the stock price over the year has left investors unsure of what to expect, resulting in a range of outlooks from optimistic to pessimistic. This year’s metric has recorded a Price increase of 125.47%. However, over the past six months, we’ve seen a weaker performance of 159.78%. The price of SOUN fallen by 19.80% over the last 30 days. And in the last five days, it has fallen by -4.02%.
