The price of SoundHound AI Inc (NASDAQ:SOUN) shares last traded on Wall Street fell -3.47% to $5.00.
SOUN stock price is now 5.29% away from the 50-day moving average and 70.46% away from the 200-day moving average. The market capitalization of the company currently stands at $1.55B.
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, while ‘Ladenburg Thalmann’ rates the stock as ‘Buy’
In other news, MOHAJER KEYVAN, CEO sold 31,665 shares of the company’s stock on Mar 22 ’24. The stock was sold for $192,454 at an average price of $6.08. Upon completion of the transaction, the CEO now directly owns 1,137,831 shares in the company, valued at $5.69 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 21 ’24, Chief Technology Officer STONEHOCKER TIMOTHY sold 5,276 shares of the business’s stock. A total of $40,605 was realized by selling the stock at an average price of $7.70. This leaves the insider owning 982,584 shares of the company worth $4.91 million. A total of 17.34% of the company’s stock is owned by insiders.
During the past 12 months, SoundHound AI Inc has had a low of $1.49 and a high of $10.25. As of last week, the company has a debt-to-equity ratio of 3.20, a current ratio of 4.69, and a quick ratio of 4.69. The fifty day moving average price for SOUN is $4.8114 and a two-hundred day moving average price translates $2.9394 for the stock.
The latest earnings results from SoundHound AI Inc (NASDAQ: SOUN) was released for Dec, 2023. According to the Software – Application Company, earnings per share came in at -$0.07, missing analysts’ expectations of -$0.06 by -0.01. This compares to -$0.04 EPS in the same period last year. The net profit margin was -191.21% and return on equity was -1716.62% for SOUN. The company reported revenue of $17.15 million for the quarter, compared to $9.5 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 80.48 percent. For the current quarter, analysts expect SOUN to generate $10.1M in revenue.
