Healthy Upside Potential: SoundHound AI Inc (SOUN)

With 22.91 million shares changed hands, the volume of the stock remained lighter than its average volume of 59.46 million shares. The 52-week range on SOUN shows that it touched its highest point at $10.25 and its lowest point at $1.49 during that stretch. It currently has a 1-year price target of $7.15. Beta for the stock currently stands at 3.07.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of SOUN was down-trending over the past week, with a drop of -9.45%, but this was down by -25.07% over a month. Three-month performance surged to 149.33% while six-month performance rose 194.18%. The stock gained 166.03% in the past year, while it has gained 162.26% so far this year. A look at the trailing 12-month EPS for SOUN yields -0.39 with Next year EPS estimates of -0.21. For the next quarter, that number is -0.09. This implies an EPS growth rate of 25.50% for this year and 28.19% for next year.

Float and Shares Shorts:

At present, 309.12 million SOUN shares are outstanding with a float of 255.50 million shares on hand for trading. On Mar 15, 2024, short shares totaled 40.45 million, which was 13.08% higher than short shares on Feb 15, 2024. In addition to SOUN as the firm’s SoundHound AI, Inc., SUN serves as its Sunoco LP.

Institutional Ownership:

Through their ownership of 21.68% of SOUN’s outstanding shares, institutional investors have minority control over the company.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SOUN since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.

Dividends & Yield:

In terms of dividends, SOUN has a current ratio of $––, which is $–– over the trailing 12-months, while a dividend of $–– is likely to be paid on average over the next five years. Dividend yield is another indicator that appeals to many investors, and SOUN currently yields $0.00. In the past year, SOUN’s dividend yield has been $0.00, but when looking at the stock over the past five years, its yield has been $–. Accordingly, SOUN has a current buyback yield of $––. This was $–– for the TTM, and it was $–– for the past five years.