SoundHound AI, Inc. (SOUN)
| Market Cap | 1.62B |
| Revenue (ttm) | 50.76M |
| Net Income (ttm) | -94.70M |
| Shares Out | 304.83M |
| EPS (ttm) | -0.38 |
| PE Ratio | n/a |
| Forward PE | n/a |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 29,969,042 |
| Open | 5.51 |
| Previous Close | 5.30 |
| Day's Range | 5.15 - 5.58 |
| 52-Week Range | 1.49 - 10.25 |
| Beta | 3.27 |
| Analysts | Buy |
| Price Target | 6.88 (+29.32%) |
| Earnings Date | May 9, 2024 |
About SOUN
SoundHound AI, Inc. develops independent voice artificial intelligence (AI) solutions that enables businesses across automotive, TV, and IoT, and to customer service industries to deliver high-quality conversational experiences to their customers. Its products include Houndify platform that offers a suite of Houndify tools to help brands build conversational voice assistants, such as Application Programming Interfaces (API) for text and voice queries, support for custom commands, extensive library of content domains, inclusive software developm... [Read more]
Financial Performance
In 2023, SoundHound AI's revenue was $45.87 million, an increase of 47.36% compared to the previous year's $31.13 million. Losses were -$91.71 million, -21.42% less than in 2022.
Financial StatementsAnalyst Forecast
According to 6 analysts, the average rating for SOUN stock is "Buy." The 12-month stock price forecast is $6.88, which is an increase of 29.32% from the latest price.
News
Klarman's Baupost Group Buys Stake in SoundHound, Cuts Position in Warner Bros Discovery
Billionaire Seth Klarman's Baupost Group hedge fund entered a position in artificial intelligence (AI)-powered voice and speech recognition company SoundHound AI (SOUN) in the first quarter while shar...
This billionaire just bought SoundHound stock: should you?
SoundHound AI (NASDAQ: SOUN) stock price is crawling back after tumbling hard between March and April when it moved from $10.25 to $3.52. It has now rebounded by 50% as investors buy the dip, giving i...
Tech Stocks on the Move Today: TSMC, SoundHound AI, and More
Tech stocks gained in intraday trading Friday, with the S&P 500 Information Technology Sector Index up 0.5% as of 2:45 p.m. ET. The broader S&P 500 was little changed, while the tech-heavy Nasdaq was ...
SoundHound Soars After Earnings, Announces Voice Search Partnership
For the March quarter, the company posted revenue of $11.6 million, up 73% from a year earlier.
SoundHound Stock Surges as Demand for Voice AI Tools Boosts Revenue, Guidance
SoundHound AI (SOUN) shares surged more than 14% in Thursday's extended-hours trading session after the company topped quarterly revenue estimates and upped its full-year sales guidance amid growing d...
SoundHound's losses exceed its revenue, but demand for voice AI is picking up
SoundHound AI Inc. continued to lose more money than it hauled in as revenue during the latest quarter, but the artificial-intelligence company beat estimates on the top line Thursday.
SoundHound Q1 revenue jumps 73%, tops expectations
SoundHound AI Inc (NASDAQ: SOUN) is trending up in extended hours on Thursday after coming in ahead of Street estimates for its fiscal Q1. This is a developing story.
SoundHound AI Reports 73% Q1 Revenue Growth to $11.6 Million; First Quarter Closes With $226 Million in Cash
SANTA CLARA, Calif.--(BUSINESS WIRE)--SoundHound AI, Inc. (Nasdaq: SOUN), a global leader in voice artificial intelligence, today reported its financial results for the first quarter 2024. “Our first ...
SoundHound AI and Perplexity Partner to Bring Online LLMs to Next Gen Voice Assistants Across Cars and IoT Devices
SANTA CLARA, Calif.--(BUSINESS WIRE)---- $SOUN #AI--SoundHound AI, Inc. (Nasdaq: SOUN), a global leader in voice artificial intelligence, today announced that it has partnered with Perplexity, the con...
SoundHound AI To Report 2024 First Quarter Financial Results, Host Conference Call and Webcast on May 9
SANTA CLARA, Calif.--(BUSINESS WIRE)--SoundHound AI, Inc. (Nasdaq: SOUN), a global leader in voice artificial intelligence, today announced that it will report its 2024 first quarter financial results...
SoundHound AI stock price crash erases $1.5 billion in value
The SoundHound AI (NASDAQ: SOUN) stock price has been in a freefall since March as the artificial intelligence (AI) fatigue continues. It has crashed from the year-to-date high of $10.23 in March to a...
SoundHound AI Sinks Following Stock Sale Announcement
The recent big run-up of SoundHound AI (SOUN) shares continued to erode Wednesday after the provider of artificial intelligence (AI) products for speech and sound recognition announced a stock sale.
SoundHound AI Stock Is Having a Great Year. Why It's Falling Today.
The AI voice technology company announced plans to sell up to $150 million of stock.
SoundHound plans to sell stock after big rally, and its shares are sliding
SoundHound AI Inc. shares are under pressure in Wednesday's early trading after the conversational artificial-intelligence company announced an intention to sell stock.
SoundHound stock is down 10% on Wednesday: here's why
Shares of SoundHound AI Inc (NASDAQ: SOUN) are down 10% this morning after the speech recognition company announced an “Equity Distribution Agreement”. How many shares will SoundHound sell?
SoundHound stock: Ladenburg analyst shrugs off recent short seller report
A near 45% decline in SoundHound AI Inc (NASDAQ: SOUN) is an opportunity to build a position in quality name with significant potential for upside, says a Ladenburg Thalmann analyst.
First for Japan as SoundHound AI's Voice Assistant With Integrated ChatGPT Launches in Stellantis DS Automobiles
SANTA CLARA, Calif.--(BUSINESS WIRE)---- $SOUN #AI--SoundHound AI, Inc. (Nasdaq: SOUN), a global leader in voice artificial intelligence, today announced that its voice assistant with integrated ChatG...
Nvidia-Backed SoundHound AI Tumbled This Week on Short-Selling Report, Downgrade
Shares in SoundHound AI Inc. (SOUN) shot up after Nvidia Corp. (NVDA) disclosed a stake in the AI voice solutions provider last month, but the past few days have been less than stellar for the company...
SoundHound stock suffers a harsh reversal: here's the price to watch
SoundHound (NASDAQ: SOUN) stock price has suffered a harsh reversal in the past few days as profit-taking intensified. The stock crashed to $6.68 on Thursday, 35% below its highest level this month.
SoundHound (SOUN) Benefitting From A.I. Boom
SoundHound (SOUN) develops voice A.I. and speech recognition solutions in auto, TV, and customer service segments.
SoundHound to Offer On-Chip Voice AI with NVIDIA That Delivers In-Vehicle Generative AI Responses With No Connectivity Required
SANTA CLARA, Calif.--(BUSINESS WIRE)---- $SOUN #GTC24--SoundHound AI, Inc. (Nasdaq: SOUN), a global leader in voice artificial intelligence, today announced an innovative in-vehicle voice assistant th...
Why SoundHound AI's 346% Stock Price Pop Is Too Much
SoundHound AI — the Santa Clara, Calif.- based provider of AI-powered voice technology for cars, TVs, and restaurants — has delivered a 346% return to holders of its shares since the beginning of 2024...
Not just Soundhound, these AI stocks are also riding Nvidia wave
Following Nvidia's investment disclosure, SoundHound AI's shares have dramatically increased, tripling in value and boosting its market capitalization to $2.75 billion. The company's success is attrib...
SoundHound AI: The undervalued stock in Nvidia's AI crown
Nvidia has established itself as the undisputed leader in artificial intelligence stocks with a portfolio that turns promising ventures into gold. Among these glittering investments is SoundHound AI (...
SoundHound stock analysis ahead of Nvidia's GTC Conference
SoundHound (NASDAQ: SOUN) stock price has blasted higher in 2024, helped by the recent investments by Nvidia and the strong demand for AI assets. It was trading at $8 on Tuesday, meaning that it has j...