Sound Group (NASDAQ:SOGP) Stock Price Up 26.4% – What’s Next?

Sound Group, Inc. (NASDAQ:SOGP) shares traded up 26.4% during trading on Monday . The stock traded as high as $18.51 and last traded at $14.79. 2,531,225 shares changed hands during mid-day trading, an increase of 9,578% from the average session volume of 26,155 shares. The stock had previously closed at $11.70.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on SOGP. Weiss Ratings restated a “sell (d-)” rating on shares of Sound Group in a research note on Wednesday, October 8th. Wall Street Zen downgraded shares of Sound Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 20th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has a consensus rating of “Sell”.

Sound Group Price Performance

The stock has a market capitalization of $73.06 million, a price-to-earnings ratio of 164.33 and a beta of 2.88. The company has a 50-day simple moving average of $12.43 and a two-hundred day simple moving average of $12.37.

About Sound Group

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.