SoundHound AI Inc (NASDAQ:SOUN) shares traded -0.84%% lower at $9.49 on Wall Street last session.
SOUN stock price is now -0.75% away from the 50-day moving average and -4.58% away from the 200-day moving average. The market capitalization of the company currently stands at $3.81B.
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, ZAGORSEK MICHAEL, Officer bought 117,180 shares of the company’s stock on Jun 20 ’25. The stock was bought for $1,103,836 at an average price of $9.42. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 20 ’25, Officer SHARAN NITESH bought 111,111 shares of the business’s stock. A total of $1,046,666 was incurred on buying the stock at an average price of $9.42. A total of 10.43% 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.
