Streetbeat News

SOGP

Sound Group Inc.

Industry

Internet Content & Information

Sound Group Inc. operates as an audio-centric social and entertainment company. It focuses on building audio platform to connect and communicate. The company, through its product portfolio and in-house technologies, caters to user interest in audio entertainment and social networking. The company was formerly known as LIZHI INC. and changed its name to Sound Group Inc. in January 2024. Sound Group Inc. was founded in 2010 and is based in Singapore.

Open

1.72

Mkt cap

9.7M

Volume

6.2K

High

1.84

P/E Ratio

-0.53

52-wk high

6.70

Low

1.72

Div yield

N/A

52-wk low

1.49

International Flavors & Fragrances Inc. (IFF) shares fell by 8.4% after reporting mixed Q4 results and cutting its dividend by 50%. Other stocks moved significantly in the session, with notable gainers including Greenbrook TMS Inc. (GBNH), Emergent BioSolutions Inc. (EBS), and Ventyx Biosciences, Inc. (VTYX), among others. Losers included AtlasClear Holdings, Inc. (ATCH), Shineco, Inc. (SISI), and Synchronoss Technologies, Inc. (SNCR), with various reasons such as poor financial results, weak guidance, and regulatory issues.

Portfolio Pulse from Avi Kapoor

February 21, 2024 | 6:50 pm

Sound Group shares are trading higher following the announcement of launching new AI-powered applications for the international market.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 3:59 pm

Sound Group Inc. (NASDAQ:SOGP) shares surged after announcing the launch of generative AI applications for the international market. The company introduced a suite of AI-powered applications aimed at enhancing user productivity and creativity, including smart keyboards, intelligent audio recording, and AI audio processing. Sound Group's stock soared on heavy trading volume, with over 16.9 million shares traded, significantly above its 100-day average. Despite a year-to-date loss of 49.19%, the stock's performance has outperformed its historical average annual return of -70.47%. The stock's RSI of 72.95 indicates overbought conditions.

Portfolio Pulse from Erica Kollmann

February 21, 2024 | 3:47 pm

Palo Alto Networks' shares dropped 24% due to Q3 guidance below estimates. Origin Agritech's revenue surged 77% YOY, netting $8.7M, leading to a 129% stock increase. Sound Group's stock soared 174% after announcing new AI-powered applications.

Portfolio Pulse from ryanfaloona@benzinga.com

February 21, 2024 | 1:32 pm

In Wednesday's pre-market session, several communication services stocks showed significant movement. Sound Group (SOGP) led the gainers with a 95.5% increase, while Pop Culture Gr (CPOP) experienced the largest decline at 19.3%. Other notable movers include NFT (MI), Onfolio Holdings (ONFO), and Charge Enterprises (CRGE) on the gainers' side, and Arena Group Holdings (AREN), Able View Global (ABLV), and Shutterstock (SSTK) among the losers. Shutterstock's drop was attributed to its Q4 earnings release.

Portfolio Pulse from Benzinga Insights

February 21, 2024 | 1:06 pm

Sound Group has announced the launch of new AI-powered applications, marking a significant step in the company's technological advancements. This move is expected to enhance the company's product offerings and potentially increase its market share.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 11:33 am

The article highlights notable value stocks in the communication services sector, focusing on companies with low P/E multiples, indicating potential undervaluation. Tegna, Jiayin Gr, Sound Group, GD Culture Group, and Sphere Entertainment are featured for their financial metrics and recent earnings performance. Tegna's Q3 earnings per share decreased by 11.36% from Q2, while its dividend yield increased. Jiayin Gr, Sound Group, GD Culture Group, and Sphere Entertainment also reported changes in their earnings per share, with significant decreases highlighted for GD Culture Group and Sphere Entertainment.

Portfolio Pulse from Benzinga Insights

February 05, 2024 | 2:45 pm

Sound Group, formerly known as Lizhi Inc., has announced that it will trade under a new name on the Nasdaq following a special resolution passed at an extraordinary general meeting on January 25, 2024, in Singapore.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 10:51 am

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