Soundhound Ai Stock Price on September 30, 2023
| SOUN Stock | USD 9.31 1.43 18.15% |
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 9.31, as last reported on the 29th of November, with the highest price reaching 9.53 and the lowest price hitting 7.91 during the day. SoundHound is relatively risky given 3 months investment horizon. SoundHound AI owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.18, which indicates the firm had a 0.18% 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 1.04% are justified by taking the suggested risk. Use SoundHound AI Coefficient Of Variation of 675.32, semi deviation of 3.9, and Risk Adjusted Performance of 0.1222 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 29th of November 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 29th of November 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.
SoundHound |
Sharpe Ratio = 0.1751
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 5.93 actual daily | 52 52% of assets are less volatile |
Expected Return
| 1.04 actual daily | 20 80% of assets have higher returns |
Risk-Adjusted Return
| 0.18 actual daily | 13 87% of assets perform better |
Based on monthly moving average SoundHound is performing at about 13% 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 9.8438 | Enterprise Value Ebitda (25.42) | Price Sales 43.2951 | Shares Float 326.6 M | Wall Street Target Price 8.0714 |
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SoundHound Valuation on September 30, 2023
It is possible to determine the worth of SoundHound on a given historical date. On September 30, 2023 SoundHound was worth 1.96 at the beginning of the trading date compared to the closed value of 2.01. 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 | |
| 1.88 | 1.93 | 1.75 | 1.89 | 10,084,900 | |
09/29/2023 | 1.96 | 2.11 | 1.94 | 2.01 | 12,946,200 |
| 2.07 | 2.09 | 1.93 | 1.96 | 8,912,800 |
| Backtest SoundHound | | | SoundHound History | | | SoundHound Valuation | Previous | Next |
SoundHound Trading Date Momentum on September 30, 2023
| On October 02 2023 SoundHound AI was traded for 1.96 at the closing time. The top price for the day was 2.09 and the lowest listed price was 1.93 . The trading volume for the day was 8.9 M. The trading history from October 2, 2023 was a factor to the next trading day price decrease. The trading price change against the next closing price was 2.49% . The trading price change against the current closing price is 2.49% . |
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 Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 229.3 M | 117.7 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.
Price Boundaries
SoundHound Period Price Range
Low | November 29, 2024
| High |
0.00 | 0.00 |
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 November 29, 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.
| Risk Adjusted Performance | 0.1222 | |||
| Jensen Alpha | 0.5495 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 0.1716 | |||
| Treynor Ratio | 0.3187 |
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| Volume Indicators |
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 Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..
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.