SoundThinking Inc (SSTI) is looking forward to a strong quarter

With 53481.0 shares changed hands, the volume of the stock remained lighter than its average volume of 55180.0 shares. During the session, the Software – Application company that operates in wider Technology sector, reached to the highest price of $13.8 whereas the lowest price it dropped to was $12.99. The 52-week range on SSTI shows that it touched its highest point at $26.92 and its lowest point at $9.33 during that stretch. It currently has a 1-year price target of $20.50. Beta for the stock currently stands at 1.20.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of SSTI was up-trending over the past week, with a rise of 17.28%, but this was up by 19.57% over a month. Three-month performance dropped to -8.51% while six-month performance fell -15.97%. The stock lost -40.11% in the past year, while it has lost -47.38% so far this year. A look at the trailing 12-month EPS for SSTI yields -0.12 with Next year EPS estimates of -0.22. For the next quarter, that number is 0.00. This implies an EPS growth rate of -80.52% for this year and 44.60% for next year. EPS is expected to grow by 20.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 3.23%.

Float and Shares Shorts:

At present, 12.76 million SSTI shares are outstanding with a float of 9.30 million shares on hand for trading. On 2024-11-15, short shares totaled 0.15 million, which was 115.99999999999999 higher than short shares on 1728950400. In addition to Mr. Ralph A. Clark as the firm’s President, CEO & Director, Mr. Alan R. Stewart serves as its CFO & Secretary.

Institutional Ownership:

Through their ownership of 0.58681 of SSTI’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-09-30, SSTI reported revenue of $26250000.0 and operating income of -$1046000.0. The EBITDA in the recently reported quarter was $1461000.0 and diluted EPS was -$0.11.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SSTI since 6 analysts follow the stock currently. There are 5 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With SSTI analysts setting a high price target of 30.0 and a low target of 16.0, the average target price over the next 12 months is 20.6. Based on these targets, SSTI could surge 123.21% to reach the target high and rise by 19.05% to reach the target low. Reaching the average price target will result in a growth of 53.27% from current levels.

Analysts have provided yearly estimates in a range of -$0.30778 being high and -$0.44678 being low. For SSTI, this leads to a yearly average estimate of -$0.39714. The surprise factor in the prior quarter was -$0.08. Based on analyst estimates, the high estimate for the next quarter is -$0.06 and the low estimate is -$0.19. The average estimate for the next quarter is thus -$0.14.