Investors have been left with mixed emotions regarding the stock price performance over the year, as it’s been a mixed bag. The metric has seen a significant gain of 137.04% since the start of this calendar year. Looking back over the last six months, we can see a stronger performance of -28.60%. Over the past 30 days, the price of SOUN has fallen by 22.36%. And in the last five days, it has fallen by -8.59%.
The current stock price for SoundHound AI Inc (SOUN) is $11.71. The stock experienced a significant increase during the last trading session, reaching $18.0 after opening at $11.71. It dipped to a low of $8.0 before ultimately closing at $11.96.
The stock market performance of SoundHound AI Inc has been fairly unsteady. Over the last year, the company’s stock hit its highest at $24.98 on 12/26/24, while the lowest price during the same time frame was $3.94, recorded on 08/05/24.
52-week price history of SOUN Stock
A stock’s 52-week price history, including the low and high prices, can offer valuable insights into its current standing and future prospects. SoundHound AI Inc’s current trading price is -53.12% away from its 52-week high, while its distance from the 52-week low is 197.21%. The stock’s price range over this timeframe has been between $3.94 and $24.98. The shares of the Technology sector company recorded a trading volume of approximately 37.62 million for the day, which was comparatively higher than the average daily volume of 37.36 million over the last three months.
The Connection Between Financial Performance and Market Capitalization
SoundHound AI Inc (SOUN) has experienced a quarterly rise of 24.84% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 4.70B and boasts a workforce of 842 employees.
Expert Opinions: Analysts’ Ratings for SoundHound AI Inc
As of right now, 3 analysts are rating SoundHound AI Inc as a BUY, 1 of the polled analysts branded the stock as an OVERWEIGHT, 4 analysts are recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 analyst is rating the stock as SELL.
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 9.86, with a change in price of +1.39. Similarly, SoundHound AI Inc recorded 33,225,000 in trading volume during the last 100 days, posting a change of +13.47%.
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 0.01. Similarly, the long-term debt-to-equity ratio is also 0.01.
SOUN Stock Stochastic Average
The raw stochastic average for SoundHound AI Inc over the last 50 days is presently at 59.41%. This reflects a surge from the raw stochastic average of the previous 20 days, which was noted at 53.11%. Further, the company’s Stochastic %K and %D values for the last 20 days were 59.77% and 57.87%, respectively.
