With 28.67 million shares changed hands, the volume of the stock remained lighter than its average volume of 65.93 million shares. The 52-week range on SOUN shows that it touched its highest point at $24.98 and its lowest point at $3.50 during that stretch. It currently has a 1-year price target of $15.38. Beta for the stock currently stands at 2.97.
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 SOUN was down-trending over the past week, with a drop of -12.09%, but this was down by -45.26% over a month. Three-month performance dropped to -35.93% while six-month performance rose 96.32%. The stock gained 51.69% in the past year, while it has lost -56.96% so far this year. A look at the trailing 12-month EPS for SOUN yields -0.98 with Next year EPS estimates of -0.20. For the next quarter, that number is -0.09. This implies an EPS growth rate of 74.84% for this year and 24.52% for next year.
Float and Shares Shorts:
At present, 361.10 million SOUN shares are outstanding with a float of 350.47 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SOUN since 5 analysts follow the stock currently. There are 4 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.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of -$0.35729 being high and -$0.40691 being low. For SOUN, this leads to a yearly average estimate of -$0.37714. Based on analyst estimates, the high estimate for the next quarter is -$0.04 and the low estimate is -$0.06. The average estimate for the next quarter is thus -$0.05.
