Wall Street Zen Upgrades Sound Group (NASDAQ:SOGP) to "Strong-Buy"

Key Points

• Wall Street Zen upgraded Sound Group (NASDAQ:SOGP) from “buy” to “strong-buy” in a research note issued Saturday.
• Despite the upgrade, other analysts remain bearish: Weiss Ratings reaffirmed a “sell (d-)” rating, and MarketBeat data shows the stock’s overall consensus rating is still “Sell.”
• Sound Group stock was recently trading around $15.10, giving it a market cap of about $74.6 million; the company also reported quarterly earnings of $2.39 per share on $0.12 million in revenue.

Sound Group (NASDAQ:SOGP - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a research note issued on Saturday.

Separately, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Sound Group in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has a consensus rating of "Sell".

Sound Group Stock Down 0.9%

Sound Group stock opened at $15.10 on Friday. The business has a fifty day moving average of $15.11 and a two-hundred day moving average of $14.02. The firm has a market cap of $74.59 million, a P/E ratio of 167.78 and a beta of 2.50. Sound Group has a twelve month low of $1.20 and a twelve month high of $37.00.

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

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