Sound Group (NASDAQ:SOGP) Posts Earnings Results

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

Sound Group Stock Performance

Shares of NASDAQ SOGP opened at $12.40 on Wednesday. Sound Group has a fifty-two week low of $3.40 and a fifty-two week high of $37.00. The company has a market cap of $55.90 million, a PE ratio of -10.25 and a beta of 2.45. The business has a 50-day simple moving average of $11.32 and a two-hundred day simple moving average of $13.34.

Analyst Ratings Changes

SOGP has been the topic of several analyst reports. Weiss Ratings lowered Sound Group from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, August 3rd. Wall Street Zen cut shares of Sound Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 27th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Institutional Trading of Sound Group

A hedge fund recently bought a new stake in Sound Group stock. Ma Investment Partnership LP purchased a new stake in shares of Sound Group, Inc. (NASDAQ:SOGP) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 100,000 shares of the company’s stock, valued at approximately $1,122,000. Sound Group makes up 0.2% of Ma Investment Partnership LP’s investment portfolio, making the stock its 13th biggest holding. Ma Investment Partnership LP owned about 2.22% of Sound Group at the end of the most recent reporting period. 1.62% of the stock is owned by institutional investors.

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.