Is SoundHound AI Inc (NASDAQ: SOUN) Still On The Rise?

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. At the end of the last regular session, the stock closed at $4.16 and fluctuated between $4.6300 as its day high and $4.3400 as its day low. The current market capitalization of SoundHound AI Inc is $1.29B. A total of 24.14 million shares were traded on the day, compared to an average of 64.36M shares.

In the most recent transaction, MOHAJER KEYVAN sold 31,665 shares of SOUN for 6.08 per share on Mar 22 ’24. After the transaction, the CEO now owns 1,137,831 company shares. In a previous transaction on Mar 21 ’24, STONEHOCKER TIMOTHY sold 5,276 shares at 7.70 per share. SOUN shares that Chief Technology Officer owns now total 982,584.

Among the insiders who sold shares, MOHAJER KEYVAN disposed of 48,837 shares on Mar 19 ’24 at a per-share price of $8.37. This resulted in the CEO holding 1,169,496 shares of SOUN after the transaction. In another insider transaction, ZAGORSEK MICHAEL sold 24,105 shares at $8.37 per share on Mar 19 ’24. Company shares held by the Chief Operating Officer now total 776,852.

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 $1.49.

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 $0.05, 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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