The stock of SoundHound AI Inc (NASDAQ:SOUN) last traded at $4.29, down -3.16% from the previous session.
SOUN stock price is now -8.53% away from the 50-day moving average and 28.14% away from the 200-day moving average. The market capitalization of the company currently stands at $1.41B.
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With the price target maintained at $4.90, Cantor Fitzgerald recently Upgraded its rating from Underweight to Neutral for SoundHound AI Inc (NASDAQ: SOUN). , while ‘Northland Capital’ rates the stock as ‘Market Perform’
In other news, MARCUS LAWRENCE, Director sold 50,000 shares of the company’s stock on Jun 10 ’24. The stock was sold for $240,505 at an average price of $4.81. Upon completion of the transaction, the Director now directly owns 208,117 shares in the company, valued at $0.89 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 05 ’24, Chief Technology Officer STONEHOCKER TIMOTHY sold 104,000 shares of the business’s stock. A total of $520,094 was realized by selling the stock at an average price of $5.00. This leaves the insider owning 883,570 shares of the company worth $3.79 million. A total of 14.06% 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 0.58, a current ratio of 8.84, and a quick ratio of 8.84. The fifty day moving average price for SOUN is $4.6722 and a two-hundred day moving average price translates $3.356225 for the stock.
The latest earnings results from SoundHound AI Inc (NASDAQ: SOUN) was released for 2024-03-31. The net profit margin was -186.56% and return on equity was -118.00% for SOUN. The company reported revenue of $11.59 million for the quarter, compared to $6.71 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 72.86 percent.
