SoundHound AI Inc’s recent quarterly performance of 76.53% may not be an accurate reflection of its true picture, according to a report by News Daemon. The company has been making waves in the technology sector with its impressive yearly sales growth of 23.43% over the past five years. However, its earnings per share (EPS) for this year stands at 49.32%. Despite this, SoundHound AI Inc’s market capitalization is valued at $928.42 million, with shares outstanding at $246.92 million.
In terms of ownership, major investors in the Software – Application industry hold around 23.03% of the company’s shares, while insiders own 19.89%. Recent insider trades have seen the Chief Technology Officer sell shares, affecting insider ownership by 990,176.
Looking at the company’s financials, SoundHound AI Inc reported earnings per share of -$0.09 for the last quarter, which surpassed market expectations of -$0.09. Analysts predict that the next fiscal year will bring earnings of -0.08 per share. The company’s EPS for the current period has increased by 49.32% and is expected to reach -0.27 in the upcoming year.
Examining performance indicators, SoundHound AI Inc’s quick ratio for the last reported quarter stands at 5.11, indicating good liquidity. The stock’s average true range is 0.28, while its price-to-sales ratio for the trailing twelve months is 24.29.
Trading volume for SoundHound AI Inc has seen an improvement, with 82.34 million shares traded in the past five days compared to 19.35 million shares traded a year ago. The stochastic %D indicator was recorded at 84.42% over the previous nine days, and the average true range of the stock was 0.35.
In conclusion, while SoundHound AI Inc has shown significant growth and positive financial indicators, its recent quarterly performance does not provide the full picture. Investors should consider other factors such as ownership and financial forecasts before making decisions regarding this small-cap company in the Software – Application industry.
