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SoundHound AI Inc (SOUN) Stock: Navigating Market Highs and Lows in 52 Weeks

HCCC Stock

Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. SoundHound AI Inc’s current trading price is -52.40% away from its 52-week high, while its distance from the 52-week low is 227.44%. The stock’s price range during this period has varied between $1.49 and $10.25. The company, active in the Technology sector, saw a trading volume of around 3.18 million for the day, considerably lower average daily volume of 24.0 million observed over the last three months.

SoundHound AI Inc’s stock has had a calm market performance. The 1-year high for the company’s stock was $10.25 on 03/14/24, and the lowest price during the same period was recorded at $1.49 on 10/26/23.

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How Financial Performance Impacts Market Capitalization

SoundHound AI Inc (SOUN) has experienced a quarterly decline of -3.39% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 1.75B and boasts a workforce of 260 employees.

The Role of Moving Averages and Trading Volume in Technical Analysis

Based on Barchart.com data, the company’s moving average over the 100-day period was 4.70, with a change in price of +0.07. Similarly, SoundHound AI Inc recorded 25,385,006 in trading volume during the last 100 days, posting a change of +1.44%.

How SOUN’s Debt-to-Equity Ratio Affects Financial Health

A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for SOUN stands at 0.02. Similarly, the long-term debt-to-equity ratio is also 0.01.

SOUN Stock Stochastic Average

As of today, the raw stochastic average of SoundHound AI Inc over the past 50 days is 41.83%. This is a decrease compared to the raw stochastic average of the last 20 days, which was recorded at 62.03%. Additionally, the Stochastic %K and %D values for the company were 58.86% and 60.41%, respectively, over the past 20 days.

SOUN Stock Price Performance Analysis

The stock price’s performance over the year has been unpredictable, resulting in a mix of pessimistic and optimistic outlooks among investors. Year to date metric has recorded a gain of 130.13%.However, over the last six months, we can see a stronger performance of -19.16%. Over the last 30 days, the price of SOUN has fallen by 4.70%. And in the last five days, it has fallen by -3.01%.

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