SoundHound AI Inc [SOUN] stock is trading at $15.01, up 12.60%. An important factor to consider is whether the stock is rising or falling in short-term value. The SOUN shares have gain 61.22% over the last week, with a monthly amount glided 163.80%, 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 November 13, 2024, when Ladenburg Thalmann downgraded its rating to a Neutral but kept the price target unchanged to $7 for it. Previously, Cantor Fitzgerald upgraded its rating to Overweight on August 09, 2024, and elevated its price target to $7. On April 11, 2024, upgrade upgraded it’s rating to Neutral but maintained its price target of $4.90 on the stock. Cantor Fitzgerald downgraded its rating to a Underweight. Northland Capital downgraded its rating to a Market Perform. Ladenburg Thalmann started tracking with a Buy rating for this stock on January 30, 2024, and assigned it a price target of $4. In a note dated September 27, 2023, DA Davidson initiated an Buy rating and provided a target price of $5 on this stock.
SoundHound AI Inc [SOUN] stock has fluctuated between $1.62 and $13.74 over the past year. Currently, Wall Street analysts expect the stock to reach $7.67 within the next 12 months. SoundHound AI Inc [NASDAQ: SOUN] shares were valued at $15.01 at the most recent close of the market. An investor can expect a potential drop of -48.9% based on the average SOUN price forecast.
Analyzing the SOUN fundamentals
SoundHound AI Inc [NASDAQ:SOUN] reported sales of 67.30M for the trailing twelve months, which represents a growth of 89.13%. Gross Profit Margin for this corporation currently stands at 0.6% with Operating Profit Margin at -1.36%, Pretax Profit Margin comes in at -1.75%, and Net Profit Margin reading is -1.64%. To continue investigating profitability, this company’s Return on Assets is posted at -0.22, Equity is -0.63 and Total Capital is -0.21. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.14.
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 13.76 points at the first support level, and at 12.51 for the second support level. However, for the 1st resistance point, the stock is sitting at 15.68, and for the 2nd resistance point, it is at 16.35.
Ratios To Look Out For
For context, SoundHound AI Inc’s Current Ratio is 2.58. On the other hand, the Quick Ratio is 2.58, and the Cash Ratio is 1.93. Considering the valuation of this stock, the price to sales ratio is 92.86, the price to book ratio is 18.72.
Transactions by insiders
Recent insider trading involved Ball Eric R., Director, that happened on Dec 06 ’24 when 0.12 million shares were sold. Director, Ball Eric R. completed a deal on Dec 05 ’24 to sell 50000.0 shares. Meanwhile, Chief Product Officer HOM JAMES MING sold 53891.0 shares on Dec 04 ’24.
