How Do SoundHound AI Inc (NASDAQ:SOUN)’s Fundamentals Affect Performance

The price of SoundHound AI Inc (NASDAQ:SOUN) shares last traded on Wall Street fell -2.75% to $1.77.

Based on available information, 5 analysts follow SoundHound AI Inc (NASDAQ:SOUN). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $7.00 and a low of $4.00, we find $5.00. Given the previous closing price of $1.82, this indicates a potential upside of 174.73 percent. SOUN stock price is now -9.83% away from the 50-day moving average and -32.19% away from the 200-day moving average. The market capitalization of the company currently stands at $66.36M.

Among analysts, 0 rate the stock a hold while 5 rate it a buy. Brokers who have rated the stock have averaged $5.04 as their price target over the next twelve months.

With the price target of $5, DA Davidson recently initiated with Buy rating for SoundHound AI Inc (NASDAQ: SOUN).

In other news, STONEHOCKER TIMOTHY, Chief Technology Officer sold 5,404 shares of the company’s stock on Oct 23. The stock was sold for $9,241 at an average price of $1.71. Upon completion of the transaction, the Chief Technology Officer now directly owns 1,006,531 shares in the company, valued at $1.78 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 21, Chief Technology Officer STONEHOCKER TIMOTHY sold 14,283 shares of the business’s stock. A total of $27,566 was realized by selling the stock at an average price of $1.93. This leaves the insider owning 1,011,935 shares of the company worth $1.79 million. Insiders disposed of 21,118,205 shares of company stock worth roughly $37.38 million over the past 1 year.

A candlestick chart of SoundHound AI Inc (NASDAQ: SOUN) showed a price of $1.8400 on Wednesday morning. During the past 12 months, SoundHound AI Inc has had a low of $0.93 and a high of $5.11. As of last week, the company has a debt-to-equity ratio of 1.90, a current ratio of 4.70, and a quick ratio of 4.70. The fifty day moving average price for SOUN is $1.9630 and a two-hundred day moving average price translates $2.6103 for the stock.

The latest earnings results from SoundHound AI Inc (NASDAQ: SOUN) was released for Jun, 2023. According to the Software – Application Company, earnings per share came in at -$0.1, beating analysts’ expectations of -$0.11 by 0.01. This compares to -$0.19 EPS in the same period last year. The net profit margin was -298.53% and return on equity was -496.73% for SOUN. The company reported revenue of $8.75 million for the quarter, compared to $6.15 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 42.25 percent. For the current quarter, analysts expect SOUN to generate $12.78M in revenue.

SoundHound AI Inc(SOUN) Company Profile

SoundHound AI, Inc. develops independent voice artificial intelligence (AI) platform that enables businesses across industries to deliver high-quality conversational experiences to their customers. Its products include Houndify platform that offers a suite of Houndify tools to help brands build conversational voice assistants, such as automatic speech recognition, natural language understanding, wake words, custom domains, text-to-speech, and embedded voice solutions SoundHound AI, Inc. was founded in 2005 and is headquartered in Santa Clara, California.

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