In yesterday’s Wall Street session, SoundHound AI Inc (NASDAQ:SOUN) shares traded at $10.97, down -1.35% from the previous session.
SOUN stock price is now 18.59% away from the 50-day moving average and 15.02% away from the 200-day moving average. The market capitalization of the company currently stands at $4.41B.
With the price target of $12, Piper Sandler recently initiated with Overweight rating for SoundHound AI Inc (NASDAQ: SOUN). On November 13, 2024, Ladenburg Thalmann Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock keeping its target price maintained at $7, while ‘Cantor Fitzgerald’ rates the stock as ‘Overweight’
In other news, STONEHOCKER TIMOTHY, Chief Technology Officer sold 44,157 shares of the company’s stock on May 14 ’25. The stock was sold for $529,884 at an average price of $12.00. Upon completion of the transaction, the Chief Technology Officer now directly owns 723,009 shares in the company, valued at $7.93 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 12 ’25, Chief Product Officer HOM JAMES MING sold 3,815 shares of the business’s stock. A total of $38,150 was realized by selling the stock at an average price of $10.00. This leaves the insider owning 637,090 shares of the company worth $6.99 million. A total of 10.45% of the company’s stock is owned by insiders.
During the past 12 months, SoundHound AI Inc has had a low of $3.82 and a high of $24.98. As of last week, the company has a debt-to-equity ratio of 0.01, a current ratio of 4.92, and a quick ratio of 4.92.
The net profit margin was -184.41% and return on equity was -68.22% for SOUN. The company reported revenue of $29.13 million for the quarter, compared to $11.59 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 151.24 percent. For the current quarter, analysts expect SOUN to generate $32.88M in revenue.
