Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. SoundHound AI Inc’s current trading price is -17.45% away from its 52-week high, while its distance from the 52-week low is 1172.84%. The stock’s price range during this period has varied between $1.62 and $24.98. The company, active in the Technology sector, saw a trading volume of around 77.22 million for the day, considerably higher average daily volume of 59.96 million observed over the last three months.
SoundHound AI Inc had a pretty favorable run when it comes to the market performance. Over the past year, the company’s stock reached a high of $24.98 on 12/26/24, while the lowest price during the same period was $1.62 on 02/06/24.
How Financial Performance Impacts Market Capitalization
SoundHound AI Inc (SOUN) has experienced a quarterly rise of 339.66% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 7.80B and boasts a workforce of 260 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 8.22, with a change in price of +15.46. Similarly, SoundHound AI Inc recorded 43,941,027 in trading volume during the last 100 days, posting a change of +299.61%.
How SOUN’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for SOUN stands at 0.15. Similarly, the long-term debt-to-equity ratio is also 0.14.
SOUN Stock Stochastic Average
As of today, the raw stochastic average of SoundHound AI Inc over the last 50 days is at 78.33%. This shows a increasee from the raw stochastic average of the previous 20 days, which was recorded at 70.26%. Further, the company’s Stochastic %K and %D values for the last 20 days were 69.64% and 71.08%, respectively.
SOUN Stock Price Performance Analysis
A mixed performance in the stock price over the year has left investors unsure of what to expect, resulting in a range of outlooks from optimistic to pessimistic. Year to date metric has recorded a gain of 3.93%.However, over the last six months, we can see a weaker performance of 392.12%. Over the last 30 days, the price of SOUN has fallen by 132.21%. And in the last five days, it has fallen by -14.90%.
