SSTI Stock Summary and Trading Ideas (Soundthinking | NASDAQ:SSTI)

SoundThinking Inc is a public safety technology company that combines transformative solutions and strategic advisory services for law enforcement and civic leadership. Its flagship SafetySmart platform includes ShotSpotter, the acoustic gunshot detection system, CrimeTracer, the foremost law enforcement search engine, CaseBuilder, a one-stop investigation management system, and ResourceRouter, software that directs patrol and community anti-violence resources to help maximize their impact.

Soundthinking trades on the NASDAQ stock market under the symbol SSTI.

As of May 16, 2024, SSTI stock price climbed to $14.28 with 48,503 million shares trading.

SSTI has a beta of 1.95, meaning it tends to be more sensitive to market movements. SSTI has a correlation of 0.14 to the broad based SPY ETF.

SSTI has a market cap of $181.65 million. This is considered a Micro Cap stock.

Last quarter Soundthinking reported $25 million in Revenue and -$.23 earnings per share. This beat revenue expectation by $290,000 and missed earnings estimates by -$.15.

In the last 3 years, SSTI stock traded as high as $51.50 and as low as $12.98.

The top ETF exchange traded funds that SSTI belongs to (by Net Assets): VTI, IWM, VXF, IWO, VTWO.

SSTI has underperformed the market in the last year with a price return of -36.8% while the SPY ETF gained +29.6%. SSTI has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -26.0% and +5.5%, respectively, while the SPY returned +5.6% and +5.7%, respectively.

SSTI support price is $13.47 and resistance is $14.35 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SSTI stock will trade within this expected range on the day.