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 -48.72% away from its 52-week high, while its distance from the 52-week low is 225.13%. The stock’s price range during this period has varied between $3.94 and $24.98. The company, active in the Technology sector, saw a trading volume of around 41.58 million for the day, considerably higher average daily volume of 36.01 million observed over the last three months.
SoundHound AI Inc (SOUN) currently has a stock price of $12.81. The stock saw a sharp increase in the last trading session, hitting a high of $18.0 after opening at $12.81. The lowest recorded price for the day was $8.0 before it closed at $12.64.
SoundHound AI Inc’s stock has had a tumultuous market performance. The 1-year high for the company’s stock was $24.98 on 12/26/24, and the lowest price during the same period was recorded at $3.94 on 08/05/24.
How Financial Performance Impacts Market Capitalization
SoundHound AI Inc (SOUN) has experienced a quarterly rise of 65.08% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 5.15B and boasts a workforce of 842 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 9.76, with a change in price of +3.38. Similarly, SoundHound AI Inc recorded 33,826,820 in trading volume during the last 100 days, posting a change of +35.84%.
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 0.01. 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 86.54%. This is a increase compared to the raw stochastic average of the last 20 days, which was recorded at 86.11%. Additionally, the Stochastic %K and %D values for the company were 76.92% and 66.24%, respectively, over the past 20 days.
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 119.73%.However, over the last six months, we can see a stronger performance of -7.78%. Over the last 30 days, the price of SOUN has fallen by 37.15%. And in the last five days, it has surged by 10.72%.
