SoundHound AI Inc ‘s stock market performance has been somewhat predictable. The company’s stock reached a 1-year high price of $10.25 on 03/14/24, while the lowest value for the same period was recorded at $1.49 on 10/26/23.
52-week price history of SOUN Stock
A stock’s 52-week high and low prices can reveal much about its current status and future trajectory. SoundHound AI Inc’s current trading price is -54.24% away from its 52-week high, while its distance from the 52-week low is 214.77%. The stock’s price range during this period has spanned from $1.49 to $10.25. In the Technology sector, the SoundHound AI Inc’s shares surpassed a trading volume of approximately 7.48 million for the day, which was noticeably lower compared to the average daily volume of 9.23.87 million over the past three months.
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Market Capitalization and Financial Performance: An In-Depth Look
SoundHound AI Inc (SOUN) has experienced a quarterly decline of -1.88% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 1.68B 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 4.70, with a change in price of +0.14. Similarly, SoundHound AI Inc recorded 25,176,814 in trading volume during the last 100 days, posting a change of +3.22%.
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 0.02. Similarly, the long-term debt-to-equity ratio is also 0.01.
SOUN Stock Stochastic Average
Today’s raw stochastic average for SoundHound AI Inc over the last 50 days is 31.75%.This indicates a decrease from the raw stochastic average of the past 20 days, which was 38.43%. Moreover, the company’s Stochastic %K and %D values for the last 20 days were 52.90% and 56.73%, respectively.
SOUN Stock Price Performance Analysis
Investors’ outlook regarding the stock price performance over the year has been split, with some feeling optimistic and others feeling pessimistic, as it’s been a mixed bag. Year to date metric has recorded a gain of 121.23%.However, over the last six months, we can see a stronger performance of -16.62%. Over the last 30 days, the price of SOUN has fallen by 1.52%. And in the last five days, it has fallen by -6.20%.
