SoundHound AI is at the forefront of the agentic AI transformation, driving enterprise adoption with its Amelia 7 platform. SOUN's recent deployment with Apivia Courtage showcases its ability to deliver significant productivity gains and compliance in highly regulated industries. The company's expanding enterprise partnerships, proprietary data accumulation, and network effects reinforce its long-term growth potential and platform moat.
SoundHound AI Inc. SOUN shares have seen a significant increase in the past month, with the stock price rising 21.8% over the period. The stock has sharply outperformed its industry, broader Computer and Technology sector and the S&P 500 over the past month, as shown below.
SOUN's record Q2 revenue and margin gains show operating leverage taking hold as its in-house tech drives efficiency.
SoundHound AI, Inc. (SOUN) reached $16.08 at the closing of the latest trading day, reflecting a +2.55% change compared to its last close.
SoundHound bets on multimodal AI with its Polaris model, driving triple-digit revenue growth while challenging tech giants in voice and vision.
Zacks.com users have recently been watching SoundHound AI (SOUN) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
SoundHound's NASDAQ: SOUN share price advanced by more than 10% on September 23rd to set a fresh long-term high and potentially break the market out of its trading range. The implication of this move is significant because it opens the door to a larger movement that includes a retest of all-time highs and potential to set new highs this year.
The "Magnificent Seven" is a group of stocks assembled by CNBC's Jim Cramer that captures the most important big tech companies. It's made up of:
SOUN teams up with Red Lobster to roll out AI-powered phone ordering, boosting takeout efficiency and enhancing guest experience.
SoundHound AI is a battleground stock with high short interest and polarized investor sentiment. The company trades at a high P/S ratio of 43.62, well above its three-year median, implying significant downside if growth expectations are not met. Despite solid projected revenue growth, its profitability and free cash flow metrics lag behind mature peers like Microsoft and Alphabet.
SOUN's acquisition of Interactions boosts its enterprise AI reach, expands its client base and strengthens growth momentum.
SoundHound AI, Inc.'s revenue growth is impressive, driven by automotive, customer service, and restaurant automation, but profitability remains elusive. SOUN stock's valuation is extremely high, with EV/sales and price/sales ratios far above sector averages, making the stock expensive. Cash burn continues, with ongoing dilution from frequent capital raises, highlighting the need for sustainable, self-funded growth.