Examining a stock’s 52-week price history, encompassing its low and high prices, can reveal much about its existing condition and potential future trajectory. SoundHound AI Inc’s current trading price is -54.54% away from its 52-week high, while its distance from the 52-week low is 212.75%. The stock’s price range over this period has fluctuated between $1.49 and $10.25. The company, operating within the financial sector, had a trading volume of approximately 12.43 million for the day, which was noticeably lower than the average daily share volume of 23.24 million over the last 3 months.
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.
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Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis
SoundHound AI Inc (SOUN) has experienced a quarterly rise of 19.79% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 1.67B and boasts a workforce of 260 employees.
Analyzing Trading Volume and Moving Average Trends
Based on Barchart.com data, the company’s moving average over the 100-day period was 4.79, with a change in price of -0.28. Similarly, SoundHound AI Inc recorded 22,645,957 in trading volume during the last 100 days, posting a change of -5.67%.
Understanding Ticker ‘s Debt-to-Equity Ratio: An Analysis
The debt-to-equity (D/E) ratio serves as an important indicator of a company’s financial stability and market position. By dividing a company’s total liabilities by its shareholders’ equity, the D/E ratio reveals the degree to which a company relies on debt to finance assets compared 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
Today, SoundHound AI Inc’s raw stochastic average for the past 50 days stands at 45.57%, indicating a rise from the raw stochastic average of the last 20 days, which was 40.64%. Moreover, the company’s Stochastic %K and %D values over the past 20 days were 55.58% and 63.39% respectively.
SOUN Stock Price Performance Analysis
Depending on how one views it, the stock price performance for the year has been a mixed bag, resulting in either an optimistic or pessimistic outlook. This year’s metric has recorded a Price increase of 119.81%. However, over the past six months, we’ve seen a stronger performance of -16.19%. The price of SOUN leaped by -3.72% over the last 30 days. And in the last five days, it has fallen by -4.51%.
