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 -49.37% away from its 52-week high, while its distance from the 52-week low is 248.32%. 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 38.27 million for the day, which was noticeably higher than the average daily share volume of 19.98 million over the last 3 months.
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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Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis
SoundHound AI Inc (SOUN) has experienced a quarterly decline of -10.98% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 1.86B 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 4.75, with a change in price of +0.07. Similarly, SoundHound AI Inc recorded 20,378,168 in trading volume during the last 100 days, posting a change of +1.37%.
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’s raw stochastic average for SoundHound AI Inc over the last 50 days is 79.11%.This indicates a increase from the raw stochastic average of the past 20 days, which was 76.29%. Moreover, the company’s Stochastic %K and %D values for the last 20 days were 65.91% and 51.02%, respectively.
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 144.81%.However, over the last six months, we can see a weaker performance of 30.73%. Over the last 30 days, the price of SOUN has fallen by 7.01%. And in the last five days, it has surged by 9.49%.
