At the time of writing, SoundHound AI Inc [SOUN] stock is trading at $4.91, up 1.45%. An important factor to consider is whether the stock is rising or falling in short-term value. The SOUN shares have gain 4.69% over the last week, with a monthly amount glided 0.82%, and seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
From an analyst’s perspective:
SoundHound AI Inc [NASDAQ: SOUN] stock has seen the most recent analyst activity on August 09, 2024, when Cantor Fitzgerald upgraded its rating to a Overweight and also boosted its price target to $7 from $5. Previously, Cantor Fitzgerald upgraded its rating to Neutral on April 11, 2024, and kept the price target unchanged to $4.90. On March 20, 2024, downgrade downgraded it’s rating to Underweight. Northland Capital downgraded its rating to a Market Perform. Ladenburg Thalmann initiated its recommendation with a Buy and recommended $4 as its price target on January 30, 2024. DA Davidson started tracking with a Buy rating for this stock on September 27, 2023, and assigned it a price target of $5. In a note dated September 05, 2023, H.C. Wainwright initiated an Buy rating and provided a target price of $5 on this stock.
For the past year, the stock price of SoundHound AI Inc fluctuated between $1.49 and $10.25. Currently, Wall Street analysts expect the stock to reach $8.13 within the next 12 months. SoundHound AI Inc [NASDAQ: SOUN] shares were valued at $4.91 at the most recent close of the market. An investor can expect a potential return of 65.58% based on the average SOUN price forecast.
Analyzing the SOUN fundamentals
According to SoundHound AI Inc [NASDAQ:SOUN], the company’s sales were 55.47M for trailing twelve months, which represents an 53.83% jump. Gross Profit Margin for this corporation currently stands at 0.67% with Operating Profit Margin at -1.31%, Pretax Profit Margin comes in at -1.88%, and Net Profit Margin reading is -1.96%. To continue investigating profitability, this company’s Return on Assets is posted at -0.41, Equity is -1.0 and Total Capital is -0.3. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.02.
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 4.80 points at the first support level, and at 4.69 for the second support level. However, for the 1st resistance point, the stock is sitting at 4.97, and for the 2nd resistance point, it is at 5.02.
Ratios To Look Out For
It is important to note that SoundHound AI Inc [NASDAQ:SOUN] has a current ratio of 8.77. On the other hand, the Quick Ratio is 8.77, and the Cash Ratio is 7.84. Considering the valuation of this stock, the price to sales ratio is 31.75, the price to book ratio is 7.63.
Transactions by insiders
Recent insider trading involved SHARAN NITESH, Chief Financial Officer, that happened on Sep 20 ’24 when 39728.0 shares were sold. Chief Operating Officer, ZAGORSEK MICHAEL completed a deal on Sep 20 ’24 to sell 42001.0 shares. Meanwhile, Chief Technology Officer STONEHOCKER TIMOTHY sold 20337.0 shares on Sep 20 ’24.
