SoundHound AI Inc [SOUN] stock is trading at $4.83, up 6.15%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The SOUN shares have lost -3.40% over the last week, with a monthly amount glided 23.21%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
SoundHound AI Inc [NASDAQ: SOUN] stock has seen the most recent analyst activity on April 11, 2024, when Cantor Fitzgerald upgraded its rating to a Neutral but kept the price target unchanged to $4.90 for it. Previously, Cantor Fitzgerald downgraded its rating to Underweight on March 20, 2024. On February 28, 2024, downgrade downgraded it’s rating to Market Perform. Ladenburg Thalmann started tracking the stock assigning a Buy rating and suggested a price target of $4 on January 30, 2024. DA Davidson initiated its recommendation with a Buy and recommended $5 as its price target on September 27, 2023. H.C. Wainwright started tracking with a Buy rating for this stock on September 05, 2023, and assigned it a price target of $5. In a note dated November 30, 2022, Cantor Fitzgerald upgraded an Overweight rating on this stock.
SoundHound AI Inc [SOUN] stock has fluctuated between $1.49 and $10.25 over the past year. Currently, Wall Street analysts expect the stock to reach $7.2 within the next 12 months. SoundHound AI Inc [NASDAQ: SOUN] shares were valued at $4.83 at the most recent close of the market. An investor can expect a potential return of 49.07% based on the average SOUN price forecast.
Analyzing the SOUN fundamentals
SoundHound AI Inc [NASDAQ:SOUN] reported sales of 50.76M for the trailing twelve months, which represents a growth of 72.86%. Gross Profit Margin for this corporation currently stands at 0.71% with Operating Profit Margin at -1.31%, Pretax Profit Margin comes in at -1.76%, and Net Profit Margin reading is -1.83%. To continue investigating profitability, this company’s Return on Assets is posted at -0.32, Equity is -1.5 and Total Capital is -0.26. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.57.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 4.47 points at the first support level, and at 4.12 for the second support level. However, for the 1st resistance point, the stock is sitting at 5.08, and for the 2nd resistance point, it is at 5.34.
Ratios To Look Out For
For context, SoundHound AI Inc’s Current Ratio is 8.84. In addition, the Quick Ratio stands at 8.84 and the Cash Ratio stands at 8.0. Considering the valuation of this stock, the price to sales ratio is 31.32, the price to book ratio is 10.13.
Transactions by insiders
Recent insider trading involved STONEHOCKER TIMOTHY, Chief Technology Officer, that happened on Jul 11 ’24 when 0.21 million shares were sold. CEO, MOHAJER KEYVAN completed a deal on Jun 24 ’24 to sell 0.12 million shares. Meanwhile, CEO MOHAJER KEYVAN sold 67994.0 shares on Jun 20 ’24.
