SoundHound AI Inc (NASDAQ:SOUN) shares, rose in value on Wednesday, July 09, with the stock price up by 1.49% to the previous day’s close as strong demand from buyers drove the stock to $12.9.
Actively observing the price movement in the last trading, the stock closed the session at $12.71, falling within a range of $12.42 and $13.29. The value of beta (5-year monthly) was 2.869. Referring to stock’s 52-week performance, its high was $24.98, and the low was $3.94. On the whole, SOUN has fluctuated by 27.60% over the past month.
With the market capitalization of SoundHound AI Inc currently standing at about $5.18 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-May-08.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that SOUN’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of Hold while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the price of SOUN currently trading nearly 25.66% and 27.46% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 72.52, while the 7-day volatility ratio is showing 8.65% which for the 30-day chart, stands at 6.54%. Furthermore, SoundHound AI Inc (SOUN)’s beta value is 2.78.
A comparison of SoundHound AI Inc (SOUN) with its peers suggests the former has fared considerably weaker in the market. SOUN showed an intraday change of 1.49% in last session, and over the past year, it shrunk by -34.98%%.
Data on historical trading for SoundHound AI Inc (NASDAQ:SOUN) indicates that the trading volumes over the past 10 days have averaged 52.26 and over the past 3 months, they’ve averaged 32.98 million. According to company’s latest data on outstanding shares, there are 368.87 million shares outstanding.
Nearly 10.40% of SoundHound AI Inc’s shares belong to company insiders and institutional investors own 41.92% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 123.2 million shares as on 2025-06-13, resulting in a short ratio of 3.67. According to the data, the short interest in SoundHound AI Inc (SOUN) stood at 3358.00 of shares outstanding as of 2025-06-13; the number of short shares registered in 2025-05-15 reached 113.27 million. The stock has risen by 207.88% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the SOUN stock heading into the next quarter.
