Soundhound Ai Stock Price on September 18, 2024
| SOUNW Stock | USD 3.10 0.40 14.81% |
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 3.10, as last reported on the 26th of November, with the highest price reaching 3.29 and the lowest price hitting 2.90 during the day. SoundHound appears to be dangerous, given 3 months investment horizon. SoundHound AI owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.14, which indicates the firm had a 0.14% return per unit of risk over the last 3 months. By inspecting SoundHound's technical indicators, you can evaluate if the expected return of 0.83% is justified by implied risk. Please review SoundHound's Semi Deviation of 4.07, coefficient of variation of 742.01, and Risk Adjusted Performance of 0.1117 to confirm if our risk estimates are consistent with your expectations.
At this time, SoundHound's Total Stockholder Equity is fairly stable compared to the past year. Other Stockholder Equity is likely to climb to about 636.4 M in 2024, whereas Liabilities And Stockholders Equity is likely to drop slightly above 80.6 M in 2024. . At this time, SoundHound's Price To Sales Ratio is fairly stable compared to the past year. Price Book Value Ratio is likely to climb to 18.12 in 2024, whereas Price To Operating Cash Flows Ratio is likely to drop (7.48) in 2024. SoundHound Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
SoundHound |
Sharpe Ratio = 0.1384
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| Small Returns | SOUNW | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 5.98 actual daily | 53 53% of assets are less volatile |
Expected Return
| 0.83 actual daily | 16 84% of assets have higher returns |
Risk-Adjusted Return
| 0.14 actual daily | 10 90% of assets perform better |
Based on monthly moving average SoundHound is performing at about 10% 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.
Book Value 0.802 | Shares Float 326.6 M | Shares Short Prior Month 38.5 K | Earnings Share (6.57) | Shares Short 4.7 K |
SoundHound Main Headline on 18th of September 2024
Is It Too Late to Buy SoundHound AI Stock - The Motley Fool by news.google.com
Is It Too Late to Buy SoundHound AI Stock The Motley Fool
SoundHound Valuation on September 18, 2024
It is possible to determine the worth of SoundHound on a given historical date. On September 18, 2024 SoundHound was worth 1.78 at the beginning of the trading date compared to the closed value of 1.87. 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 | |
| 1.95 | 1.95 | 1.86 | 1.86 | 12,866 | |
09/18/2024 | 1.78 | 1.94 | 1.78 | 1.87 | 31,787 |
| 1.93 | 1.93 | 1.91 | 1.92 | 15,626 |
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SoundHound Trading Date Momentum on September 18, 2024
| On September 19 2024 SoundHound AI was traded for 1.92 at the closing time. The highest daily price throughout the period was 1.93 and the lowest price was 1.91 . The daily volume was 15.6 K. The net trading volume on 09/19/2024 added to the next day price increase. The trading price change to closing price of the next trading day was 2.67% . The trading price change to current closing price is 4.28% . |
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 |
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 26, 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 26, 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 | 0.1117 | |||
| Jensen Alpha | 0.4801 | |||
| Total Risk Alpha | (0.13) | |||
| Sortino Ratio | 0.1409 | |||
| Treynor Ratio | 0.3052 |
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Additional Tools for SoundHound Stock Analysis
When running SoundHound's price analysis, check to measure SoundHound's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy SoundHound is operating at the current time. Most of SoundHound's value examination focuses on studying past and present price action to predict the probability of SoundHound's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move SoundHound's price. Additionally, you may evaluate how the addition of SoundHound to your portfolios can decrease your overall portfolio volatility.