The trading price of SoundHound AI Inc (NASDAQ:SOUN) closed higher on Friday, July 12, closing at $6.20, 15.46% higher than its previous close.
In examining the 52-week price action we see that the stock hit a 52-week high of $10.25 and a 52-week low of $1.49. Over the past month, the stock has gained 33.33% in value.
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SoundHound AI Inc, whose market valuation is $2.04 billion at the time of this writing. Investors’ optimism about the company’s current quarter earnings report is understandable.
On the technical side, indicators suggest SOUN has a Hold on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.
A quick review shows that SOUN’s price is currently 46.43% off the SMA20 and 33.46% off the SMA50. The RSI metric on the 14-day chart is currently showing 79.37, and weekly volatility stands at 14.76%. When measured over the past 30 days, the indicator reaches 7.27%. SoundHound AI Inc (NASDAQ:SOUN)’s beta value is currently sitting at 3.13, while the Average True Range indicator is currently displaying 0.41.
To see how SoundHound AI Inc stock has been performing in comparison to its peers in the industry, here are the numbers: SOUN stock’s performance was 15.46% in the latest trading, and 72.22% in the past year.
An evaluation of the daily trading volume of SoundHound AI Inc (NASDAQ:SOUN) indicates that the 3-month average is 24.87 million.
Currently, records show that 329.17 million of the company’s shares remain outstanding. The insiders hold 14.05% of outstanding shares, whereas institutions hold 20.35%. However, since the stock’s price has seen 192.45% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
