Sound Group (NASDAQ:SOGP) Releases Quarterly Earnings Results

Sound Group (NASDAQ:SOGPGet Free Report) released its quarterly earnings results on Wednesday. The company reported $0.01 EPS for the quarter, FiscalAI reports. The business had revenue of $124.42 million for the quarter.

Sound Group Stock Up 8.8%

Shares of NASDAQ:SOGP opened at $13.46 on Thursday. The firm has a market cap of $60.70 million, a P/E ratio of -11.12 and a beta of 2.45. The business has a fifty day simple moving average of $11.35 and a 200 day simple moving average of $13.34. Sound Group has a 12-month low of $3.40 and a 12-month high of $37.00.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on SOGP shares. Weiss Ratings downgraded Sound Group from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, August 3rd. Wall Street Zen cut Sound Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 27th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has an average rating of “Hold”.

Read Our Latest Stock Analysis on SOGP

Institutional Investors Weigh In On Sound Group

A hedge fund recently bought a new position in Sound Group stock. Ma Investment Partnership LP bought a new position in Sound Group, Inc. (NASDAQ:SOGPFree Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 100,000 shares of the company’s stock, valued at approximately $1,122,000. Sound Group makes up approximately 0.2% of Ma Investment Partnership LP’s investment portfolio, making the stock its 13th biggest position. Ma Investment Partnership LP owned about 2.22% of Sound Group at the end of the most recent quarter. Hedge funds and other institutional investors own 1.62% of the company’s stock.

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.

Recommended Stories

Earnings History for Sound Group (NASDAQ:SOGP)

Receive News & Ratings for Sound Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sound Group and related companies with MarketBeat.com's FREE daily email newsletter.