Sound Group (NASDAQ:SOGP) Cut to Buy at Wall Street Zen

Sound Group (NASDAQ:SOGP) was downgraded by research analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a report issued on Saturday.

Separately, Weiss Ratings raised shares of Sound Group from a “sell (d-)” rating to a “hold (c)” rating in a research note on Monday, May 18th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

Sound Group Price Performance

SOGP stock opened at $11.28 on Friday. Sound Group has a fifty-two week low of $3.20 and a fifty-two week high of $37.00. The stock has a market capitalization of $50.87 million, a price-to-earnings ratio of 125.33 and a beta of 2.39. The business has a fifty day moving average price of $13.62 and a 200 day moving average price of $13.86.

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

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.