SoundHound AI Inc (NASDAQ:SOUN) shares traded 9.16% higher at $10.73 on Wall Street last session.
SOUN stock price is now 10.09% away from the 50-day moving average and 6.43% away from the 200-day moving average. The market capitalization of the company currently stands at $4.31B.
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, SROKA DIANA, Director sold 2,800 shares of the company’s stock on Jun 24 ’25. The stock was sold for $27,838 at an average price of $9.94. Upon completion of the transaction, the Director now directly owns 153,949 shares in the company, valued at $1.65 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 20 ’25, CEO MOHAJER KEYVAN sold 254,376 shares of the business’s stock. A total of $2,379,916 was realized by selling the stock at an average price of $9.36. This leaves the insider owning 1,749,790 shares of the company worth $18.78 million. A total of 10.40% 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 fifty day moving average price for SOUN is $9.7468 and a two-hundred day moving average price translates $10.0821 for the stock.
The latest earnings results from SoundHound AI Inc (NASDAQ: SOUN) was released for 2025-03-31. 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.
