Soundhound Ai Stock Price on December 23, 2024

SOUN Stock  USD 20.43  1.33  6.11%   
If you're considering investing in SoundHound Stock, it is important to understand the factors that can impact its price. As of today, the current price of SoundHound stands at 20.43, as last reported on the 25th of December, with the highest price reaching 22.85 and the lowest price hitting 19.66 during the day. SoundHound is moderately volatile given 3 months investment horizon. SoundHound AI owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.3, which indicates the firm had a 0.3% return per unit of risk over the last 3 months. We are able to break down and analyze data for twenty-nine different technical indicators, which can help you to evaluate if expected returns of 2.64% are justified by taking the suggested risk. Use SoundHound AI Semi Deviation of 4.09, risk adjusted performance of 0.2429, and Coefficient Of Variation of 341.9 to evaluate company specific risk that cannot be diversified away.
  
At this time, SoundHound's Total Stockholder Equity is very stable compared to the past year. As of the 25th of December 2024, Other Stockholder Equity is likely to grow to about 636.4 M, while Common Stock Shares Outstanding is likely to drop about 117.7 M. . At this time, SoundHound's Price To Sales Ratio is very stable compared to the past year. As of the 25th of December 2024, Price Book Value Ratio is likely to grow to 18.12, while Price Earnings Ratio is likely to drop (5.74). SoundHound Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = 0.3024

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Estimated Market Risk

 8.72
  actual daily
77
77% of assets are less volatile

Expected Return

 2.64
  actual daily
52
52% of assets have lower returns

Risk-Adjusted Return

 0.3
  actual daily
23
77% of assets perform better
Based on monthly moving average SoundHound is performing at about 23% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of SoundHound by adding it to a well-diversified portfolio.
Price Book
25.5214
Enterprise Value Ebitda
(25.42)
Price Sales
112.2486
Shares Float
326.6 M
Wall Street Target Price
12.3571

Related Headline

Snowflake Headline on 23rd of December 2024

Snowflake Inc. fell 2.9 percent during trading on Monday . The stock traded as low as 161.16 and last traded at 161.43. 1,436,386 shares were traded during mid-day trading, a decline of 79 percent from the average session volume of 6,754,512 shares. The stock had previously closed at 166.29. Analysts Set New

SoundHound Valuation on December 23, 2024

It is possible to determine the worth of SoundHound on a given historical date. On December 23, 2024 SoundHound was worth 22.7 at the beginning of the trading date compared to the closed value of 20.43. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of SoundHound stock. Still, in general, we apply an absolute valuation method to find SoundHound's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of SoundHound where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against SoundHound's related companies.
 Open High Low Close Volume
  18.20    21.87    17.12    21.76    114,975,685  
12/23/2024
  22.70    22.85    19.66    20.43    83,075,448  
  22.70    22.85    19.66    20.43    0.00  
Backtest SoundHound  |  SoundHound History  |  SoundHound Valuation   PreviousNext  
Open Value
22.7
20.43
Closing Value
48.86
Upside

SoundHound Trading Date Momentum on December 23, 2024

On December 25 2024 SoundHound AI was traded for  20.43  at the closing time. The top price for the day was 22.85  and the lowest listed price was  19.66 . There was no trading activity during the period 0.0. Lack of trading volume on December 25, 2024 did not result in any price rise and fall. The trading price change against the current closing price is 11.11% .

SoundHound AI Fundamentals Correlations and Trends

By evaluating SoundHound's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among SoundHound's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. SoundHound financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About SoundHound Stock history

SoundHound investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for SoundHound is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in SoundHound AI will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing SoundHound stock prices may prove useful in developing a viable investing in SoundHound
Last ReportedProjected for Next Year
Common Stock Shares Outstanding229.3 M117.7 M
Net Loss-103.8 M-109 M

SoundHound Stock Technical Analysis

SoundHound technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of SoundHound technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of SoundHound trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

SoundHound Period Price Range

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SoundHound AI cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.

SoundHound December 25, 2024 Market Strength

Market strength indicators help investors to evaluate how SoundHound stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading SoundHound shares will generate the highest return on investment. By undertsting and applying SoundHound stock market strength indicators, traders can identify SoundHound AI entry and exit signals to maximize returns

SoundHound Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for SoundHound's price direction in advance. Along with the technical and fundamental analysis of SoundHound Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of SoundHound to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
When determining whether SoundHound AI is a strong investment it is important to analyze SoundHound's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact SoundHound's future performance. For an informed investment choice regarding SoundHound Stock, refer to the following important reports:
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SoundHound AI. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.
You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.
Is Application Software space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of SoundHound. If investors know SoundHound will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about SoundHound listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(0.35)
Revenue Per Share
0.219
Quarterly Revenue Growth
0.891
Return On Assets
(0.18)
Return On Equity
(0.68)
The market value of SoundHound AI is measured differently than its book value, which is the value of SoundHound that is recorded on the company's balance sheet. Investors also form their own opinion of SoundHound's value that differs from its market value or its book value, called intrinsic value, which is SoundHound's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because SoundHound's market value can be influenced by many factors that don't directly affect SoundHound's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between SoundHound's value and its price as these two are different measures arrived at by different means. Investors typically determine if SoundHound is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SoundHound's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.