Investors have been left with mixed emotions regarding the stock price performance over the year, as it’s been a mixed bag. This year’s metric has recorded a Price increase of 132.49%. However, over the past six months, we’ve seen a stronger performance of -19.73%. The price of SOUN leaped by -0.02% over the last 30 days. And in the last five days, it has surged by 3.55%.
In terms of market performance, SoundHound AI Inc had a fairly even. The highest value for the stock in the past year was $10.25 on 03/14/24, and the lowest value was recorded at $1.49 on 10/26/23.
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52-week price history of SOUN Stock
Analyzing a stock’s 52-week high and low prices can offer important information about its present condition and future outlook. SoundHound AI Inc’s current trading price is -51.91% away from its 52-week high, while its distance from the 52-week low is 230.79%. The stock’s price range during this period has varied between$1.49 and $10.25. The SoundHound AI Inc’s shares, which operate in the Technology, saw a trading volume of around 4.32 million for the day, a figure considerably lower than their average daily volume of 23.16 million over last three months.
Market Capitalization vs. Financial Performance: A Comparative Study
SoundHound AI Inc (SOUN) has experienced a quarterly rise of 23.84% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 1.77B and boasts a workforce of 260 employees.
Combining Moving Average and Trading Volume Data for Better Market Insight
Based on Barchart.com data, the company’s moving average over the 100-day period was 4.79, with a change in price of +0.66. Similarly, SoundHound AI Inc recorded 23,414,678 in trading volume during the last 100 days, posting a change of +15.45%.
SOUN’s Debt-to-Equity Ratio Cause for Concern? An In-Depth Look
The debt-to-equity (D/E) ratio is a significant metric that provides insights into a company’s financial state and market presence. By dividing a company’s current liabilities by its shareholders’ equity, the D/E ratio depicts the extent of debt used by a company to fund its assets relative to the value of 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
SoundHound AI Inc’s raw stochastic average for the past 50 days is presently 38.05%, as of today. This marks a decrease from the raw stochastic average of the last 20 days, which was 69.11%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 69.40% and 59.79%, respectively.
