The trading price of SoundHound AI Inc (NASDAQ:SOUN) closed lower on Tuesday, March 25, and closing at $10.20, -1.07% lower than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $9.965 and $10.495. In examining the 52-week price action we see that the stock hit a 52-week high of $24.98 and a 52-week low of $3.50. Over the past month, the stock has gained 8.17% in value.
SoundHound AI Inc, whose market valuation is $4.07 billion at the time of this writing, is expected to release its quarterly earnings report on 2025-Feb-26. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by -0.06 per share this quarter, however they have predicted annual earnings per share of -0.16 for current year and -0.05 for next year.
Analysts have forecast the company to bring in revenue of 30.89M for the current quarter, with the likely lows of 30.1M and highs of 33.61M. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 166.17M.
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 Hold, while an average of long term indicators suggests that the stock is currently 50% Buy.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned SOUN a recommendation rating is 5. Out of them, 1 rate it a Hold, while 4 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged SoundHound AI Inc (SOUN) as Underweight, while 0 advise Sell. Analysts have rated the stock Buy, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
A quick review shows that SOUN’s price is currently 5.14% off the SMA20 and -15.74% off the SMA50. The RSI metric on the 14-day chart is currently showing 47.67, and weekly volatility stands at 6.30%. When measured over the past 30 days, the indicator reaches 9.90%. SoundHound AI Inc (NASDAQ:SOUN)’s beta value is currently sitting at 2.88, while the Average True Range indicator is currently displaying 1.04. With analysts defining $13-$13 as the low and high price targets, we arrive at a consensus price target of $13 for the trailing 12-month period. The current price is about -27.45% off the estimated low and -27.45% off the forecast high, based on this estimate. Investors will be thrilled if SOUN’s share price rises to $13, which is the median consensus price. At that level, SOUN’s share price would be -27.45% below current price.
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 -1.07% in the latest trading, and 52.69% in the past year.
An evaluation of the daily trading volume of SoundHound AI Inc (NASDAQ:SOUN) indicates that the 3-month average is 51.78 million. However, this figure has increased over the past 10 days to an average of 26.48.
Currently, records show that 361.10 million of the company’s shares remain outstanding. The insiders hold 10.78% of outstanding shares, whereasinstitutions hold 32.84%. The stats also highlight that short interest as of 2025-02-28, stood at 119.72 million shares, resulting in a short ratio of 2.44 at that time. From this, we can conclude that short interest is 3338.00 of the company’s total outstanding shares. It is noteworthy that short shares in February were up slightly from the previous month’s figure, which was 101.8 million. However, since the stock’s price has seen -48.59% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
