Momentum Is Strong For SoundHound AI Inc (NASDAQ: SOUN)

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours.

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Stocks Info

This NASDAQ-listed company operates within the Software – Application industry segment, falling under the Technology sector. The current market capitalization of SoundHound AI Inc is $3.51B. A total of 66.36 million shares were traded on the day, compared to an average of 24.47M shares.

In the most recent transaction, MARCUS LAWRENCE sold 30,000 shares of SOUN for 7.15 per share on Nov 21 ’24. After the transaction, the Director now owns 178,117 company shares. In a previous transaction on Nov 22 ’24, MARCUS LAWRENCE sold 25,000 shares at 7.50 per share. SOUN shares that Director owns now total 153,117.

Among the insiders who sold shares, Ball Eric R. disposed of 70,000 shares on Nov 22 ’24 at a per-share price of $8.12. This resulted in the Director holding 501,756 shares of SOUN after the transaction. In another insider transaction, Ball Eric R. sold 30,000 shares at $8.03 per share on Nov 25 ’24. Company shares held by the Director now total 110,907.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, SOUN has a high of $10.25 and a low of $1.62.

As of this writing, SOUN has an earnings estimate of -$0.08 per share for the current quarter. EPS was calculated based on a consensus of 3.0 estimates, with a high estimate of -$0.07 per share and a lower estimate of -$0.11. The company reported an EPS of -$0.06 in the last quarter

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. SOUN’s latest balance sheet shows that the firm has $21.63M in Cash & Short Term Investments as of fiscal 2021. There were $73.32M in debt and $87.74M in liabilities at the time. Its Book Value Per Share was $0.80, while its Total Shareholder’s Equity was -$343.24M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for SOUN is Buy with a score of 4.33.

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