Sound Group (NASDAQ:SOGP) Trading 5.1% Higher – Still a Buy?

Shares of Sound Group, Inc. (NASDAQ:SOGPGet Free Report) were up 5.1% during mid-day trading on Tuesday . The stock traded as high as $12.99 and last traded at $12.89. 11,099 shares traded hands during mid-day trading, a decline of 4% from the average session volume of 11,599 shares. The stock had previously closed at $12.26.

Wall Street Analyst Weigh In

A number of equities analysts have commented on SOGP shares. Wall Street Zen cut Sound Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 27th. Weiss Ratings lowered Sound Group from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

View Our Latest Research Report on SOGP

Sound Group Price Performance

The stock has a market cap of $57.34 million, a price-to-earnings ratio of -10.51 and a beta of 2.45. The firm has a fifty day moving average of $11.40 and a 200 day moving average of $13.49.

Sound Group Company Profile

(Get Free Report)

Sound Group Inc is a global, AI-powered audio company on a mission to help people connect better and live happier. Leveraging its voice AI technologies and deep expertise in audio interaction, Sound Group is building a diverse ecosystem of intelligent audio products that cater to a global user base. By integrating technology, innovative products, and real-world data within a user-centric ecosystem, the Company generates a powerful growth flywheel that drives continuous innovation and accelerates global expansion.

Further Reading

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