Sound Group (NASDAQ:SOGP) Stock Price Down 2.1% – What’s Next?

Sound Group, Inc. (NASDAQ:SOGP) shares were down 2.1% on Wednesday . The company traded as low as $10.29 and last traded at $10.84. Approximately 14,886 shares traded hands during trading, a decline of 21% from the average daily volume of 18,899 shares. The stock had previously closed at $11.07.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on SOGP shares. Wall Street Zen raised Sound Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 9th. Weiss Ratings raised Sound Group from a “sell (d-)” rating to a “hold (c)” rating in a report on Monday, May 18th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, Sound Group currently has an average rating of “Hold”.

Sound Group Trading Up 9.8%

The company’s 50 day moving average price is $13.72 and its two-hundred day moving average price is $13.88. The stock has a market cap of $50.87 million, a P/E ratio of 125.33 and a beta of 2.39.

Sound Group (NASDAQ:SOGP) last announced its earnings results on Wednesday, April 1st. The company reported $2.39 earnings per share (EPS) for the quarter. The business had revenue of $0.12 million for the quarter.

Sound Group Announces Dividend

The firm also recently disclosed a special dividend, which was paid on Tuesday, May 12th. Stockholders of record on Wednesday, April 22nd were given a dividend of $1.20 per share. The ex-dividend date of this dividend was Wednesday, April 22nd.

Sound Group Company Profile

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.