SoundThinking (SSTI) Stock Price, News & Analysis

Company Overview

SoundThinking, Inc., a public safety technology company that provides transformative solutions and strategic advisory services for law enforcement and civic leadership. Its SafetySmart Platform, an integrated suite of data-driven tools that enable law enforcement and community violence prevention and health organizations to be efficient in public safety outcomes. It offers ShotSpotter, an acoustic gunshot detection system; CrimeTracer, a law enforcement search engine; CaseBuilder, an investigation management system; and ResourceRouter, a software that directs patrol and community anti-violence resources to help maximize their impact. The company sells its solutions through its direct sales teams. The company was formerly known as ShotSpotter, Inc. and changed its name to SoundThinking, Inc. in April 2023. SoundThinking, Inc. was founded in 1996 and is headquartered in Fremont, California.

Key Stats

• Today's Range: $11.15 to $11.55
• 50-Day Range: $9.84 to $13.22
• 52-Week Range: $9.33 to $26.92
• Volume: 21,385 shs
• Average Volume: 75,798 shs
• Market Capitalization: $144.28 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $21.20
• Consensus Rating: Moderate Buy

SoundThinking Stock Analysis - MarketRank™

SoundThinking scored higher than 72% of companies evaluated by MarketBeat, and ranked 82nd out of 178 stocks in the industrial products sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

SoundThinking has received a consensus rating of Moderate Buy. The company's average rating score is 2.83, and is based on 3 buy ratings, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

SoundThinking has only been the subject of 3 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for SoundThinking are expected to grow in the coming year, from ($0.39) to ($0.25) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of SoundThinking is -95.49, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of SoundThinking is -95.49, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

SoundThinking has a P/B Ratio of 1.97. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.59% of the float of SoundThinking has been sold short.

Short Interest Ratio / Days to Cover

SoundThinking has a short interest ratio ("days to cover") of 2.5, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in SoundThinking has recently decreased by 31.24%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

SoundThinking does not currently pay a dividend.

Dividend Growth

SoundThinking does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

1.59% of the float of SoundThinking has been sold short.

Short Interest Ratio / Days to Cover

SoundThinking has a short interest ratio ("days to cover") of 2.5, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in SoundThinking has recently decreased by 31.24%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 3.0 / 5
• News Sentiment: 0.37

News Sentiment

SoundThinking has a news sentiment score of 0.37. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.76 average news sentiment score of Industrial Products companies.

News Coverage This Week

MarketBeat has tracked 18 news articles for SoundThinking this week, compared to 2 articles on an average week.

Search Interest

2 people have searched for SSTI on MarketBeat in the last 30 days.

MarketBeat Follows

3 people have added SoundThinking to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, SoundThinking insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $185,826.00 in company stock.

Percentage Held by Insiders

Only 9.20% of the stock of SoundThinking is held by insiders.

Percentage Held by Institutions

60.74% of the stock of SoundThinking is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

SSTI Stock Analysis - Frequently Asked Questions

How have SSTI shares performed this year?

SoundThinking's stock was trading at $25.54 at the beginning of 2024. Since then, SSTI stock has decreased by 55.1% and is now trading at $11.46.
View the best growth stocks for 2024 here.

How were SoundThinking's earnings last quarter?

SoundThinking, Inc. (NASDAQ:SSTI) announced its quarterly earnings results on Tuesday, November, 12th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by $0.03. The company had revenue of $26.25 million for the quarter, compared to analysts' expectations of $26.20 million. SoundThinking had a negative net margin of 1.39% and a negative trailing twelve-month return on equity of 8.74%.

When did SoundThinking IPO?

SoundThinking (SSTI) raised $31 million in an initial public offering on Wednesday, June 7th 2017. The company issued 2,800,000 shares at $10.00-$12.00 per share. Roth Capital Partners and Northland Capital Markets served as the underwriters for the IPO and Imperial Capital was co-manager.

Who are SoundThinking's major shareholders?

Top institutional investors of SoundThinking include Kopion Asset Management LLC (4.58%), Disciplined Growth Investors Inc. MN (3.61%), Rice Hall James & Associates LLC (2.83%) and Geode Capital Management LLC (1.67%). Insiders that own company stock include Alan R Stewart, Nasim Golzadeh, Robert Samuel Klepper, Gary T Bunyard, Erin Edwards, Regan Davis, Randall Hawks and Paul S Ames.
View institutional ownership trends.

How do I buy shares of SoundThinking?

Shares of SSTI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of SoundThinking own?

Based on aggregate information from My MarketBeat watchlists, some other companies that SoundThinking investors own include American Water Works (AWK), Waste Connections (WCN), The RMR Group (RMR), DiamondRock Hospitality (DRH), AUO (AUOTY), iShares Micro-Cap ETF (IWC) and Voyager Therapeutics (VYGR).

Company Calendar

• Last Earnings: 11/12/2024
• Today: 11/21/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/25/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Industrial Products
• Industry: Prepackaged software
• Sub-Industry: Computer Software
• Current Symbol: NASDAQ:SSTI
• CUSIP: N/A
• CIK: 1351636
• Web: www.shotspotter.com
• Phone: (510) 794-3100
• Fax: 650-887-2106
• Employees: 213
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $21.20
• High Stock Price Target: $30.00
• Low Stock Price Target: $16.00
• Potential Upside/Downside: +85.0%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.83
• Research Coverage: 6 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($0.12)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-2,720,000.00
• Net Margins: -1.39%
• Pretax Margin: -0.22%
• Return on Equity: -8.74%
• Return on Assets: -4.57%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 0.78
• Quick Ratio: 0.78

Sales & Book Value

• Annual Sales: $92.72 million
• Price / Sales: 1.56
• Cash Flow: $0.24 per share
• Price / Cash Flow: 48.45
• Book Value: $5.88 per share
• Price / Book: 1.95

Miscellaneous

• Outstanding Shares: 12,590,000
• Free Float: 11,431,000
• Market Cap: $144.28 million
• Optionable: Optionable
• Beta: 1.17