SoundHound AI Inc [SOUN] stock is trading at $15.84, down -3.41%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The SOUN shares have gain 13.39% over the last week, with a monthly amount drifted -27.19%, and not seem to be holding up well over a long-time horizon.
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 $24.98 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 $15.84 at the most recent close of the market. An investor can expect a potential drop of -51.58% 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 of0.15.
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 15.23 points at the first support level, and at 14.62 for the second support level. However, for the 1st resistance point, the stock is sitting at 17.05, and for the 2nd resistance point, it is at 18.26.
Ratios To Look Out For
For context, SoundHound AI Inc’s Current Ratio is 2.58. Also, the Quick Ratio is 2.58, while the Cash Ratio stands at 1.93. Considering the valuation of this stock, the price to sales ratio is 87.03, the price to book ratio is 19.76.
Transactions by insiders
Recent insider trading involved MARCUS LAWRENCE, Director, that happened on Dec 23 ’24 when 20000.0 shares were sold. Director, SROKA DIANA completed a deal on Dec 23 ’24 to sell 3402.0 shares. Meanwhile, CEO MOHAJER KEYVAN sold 0.16 million shares on Dec 24 ’24.
