Sound Group (NASDAQ:SOGP) Stock Price Down 3.9% – Time to Sell?

Shares of Sound Group, Inc. (NASDAQ:SOGP) fell 3.9% on Wednesday . The stock traded as low as $12.10 and last traded at $12.41. 53,869 shares changed hands during trading, an increase of 184% from the average session volume of 18,986 shares. The stock had previously closed at $12.91.

Analysts Set New Price Targets

Several research analysts have recently commented on SOGP shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Sound Group in a report on Thursday, January 22nd. Wall Street Zen lowered shares of Sound Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 20th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Sound Group has a consensus rating of “Sell”.

Sound Group Trading Up 2.1%

The firm has a market cap of $63.82 million, a price-to-earnings ratio of 143.56 and a beta of 2.67. The stock has a 50-day moving average of $13.87 and a 200-day moving average of $15.14.

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.