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. Until today this year the stock’s price performance recorded an increase of 188.68%. However, over the last six months, the performance has been weaker by 32.47%. The price of SOUN increased 28.03% over the last 30 days. And in the last five days, it has surged by 13.54%.
SoundHound AI Inc’s stock has seen a smooth market performance. The company’s stock achieved a 1-year high of $10.25 on 03/14/24, and the lowest price during that time was $1.49, recorded on 10/30/23.
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52-week price history of SOUN Stock
The history of a stock’s 52-week high and low prices can provide important information about its current state and future potential. SoundHound AI Inc’s current trading price is -40.29% away from its 52-week high, while its distance from the 52-week low is 310.74%. The stock’s price range for this period has been between $1.49 and $10.25. The Technology sector company’s shares saw a trading volume of about 49.29 million for the day, which was higher than the average daily volume of 18.23 million over the last three months.
The Connection Between Financial Performance and Market Capitalization
SoundHound AI Inc (SOUN) has experienced a quarterly rise of 23.64% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 2.20B and boasts a workforce of 260 employees.
How Moving Averages and Trading Volume Data Work Together
Based on Barchart.com data, the company’s moving average over the 100-day period was 4.79, with a change in price of +1.14. Similarly, SoundHound AI Inc recorded 21,067,373 in trading volume during the last 100 days, posting a change of +22.89%.
SOUN’s Debt-to-Equity Ratio: A Comprehensive Review
A key metric for assessing a company’s financial well-being and market status is the debt-to-equity (D/E) ratio. This ratio is derived by dividing a company’s total liabilities by its shareholders’ equity, and it demonstrates the level of debt a company uses to support its assets relative to shareholder 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 100.00%. This is a increase compared to the raw stochastic average of the last 20 days, which was recorded at 100.00%. Additionally, the Stochastic %K and %D values for the company were 72.73% and 60.19%, respectively, over the past 20 days.
