Stocks of SoundHound AI Inc (NASDAQ:SOUN) traded higher last session on Wall Street, down -0.51% to $9.74.
SOUN stock price is now 4.04% away from the 50-day moving average and -0.46% away from the 200-day moving average. The market capitalization of the company currently stands at $3.91B.
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, MAJID EMAMI, Officer bought 132,352 shares of the company’s stock on Jun 10 ’25. The stock was bought for $1,326,167 at an average price of $10.02. An SEC document containing details of the transaction can be found on the SEC’s website. On May 14 ’25, Chief Technology Officer STONEHOCKER TIMOTHY sold 44,157 shares of the business’s stock. A total of $529,884 was realized by selling the stock at an average price of $12.00. This leaves the insider owning 723,009 shares of the company worth $7.04 million. A total of 10.46% 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.
