Down 60% From Its 52-Week High, Is SoundHound AI a Buy Right Now? [Yahoo! Finance]
SoundHound AI, Inc. (SOUN)
Company Research
Source: Yahoo! Finance
The revelation of that investment instantly raised SoundHound's profile, with many investors seeing it as the next big growth opportunity in the artificial intelligence (AI) space. But after that initial surge in value, SoundHound has been struggling to generate excitement. In the past three months, the stock has fallen by more than 35%. While it's far from its low, the stock is down more than 60% from its 52-week high of $10.25. Is the stock likely to head even lower, or could now be the opportune time to invest in SoundHound? Trading volumes are down significantly A good way to gauge the level of interest in a stock is to look at its trading volumes to see how many shares are changing hands each day. At its peak, over 300 hundred million shares of SoundHound traded in a single day. Nowadays, however, that has drastically declined, closer to where the stock was before all the Nvidia-fueled hype. There haven't been any big developments moving the stock. And with many other AI
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SOUN
News
- Spotlight on Authentic AI: Developers Making Real Contributions Beyond AI Washing ClaimsPR Newswire
- Spotlight on Authentic AI: Developers Making Real Contributions Beyond AI Washing ClaimsPR Newswire
- SoundHound AI Completes Conversion of Preferred Equity into Class A Common Stock [Yahoo! Finance]Yahoo! Finance
- SoundHound AI Completes Conversion of Preferred Equity into Class A Common StockBusiness Wire
- SoundHound AI, Inc. (SOUN) Outpaces Stock Market Gains: What You Should Know [Yahoo! Finance]Yahoo! Finance
SOUN
Earnings
- 5/9/24 - Beat
SOUN
Sec Filings
- 6/27/24 - Form 8-K
- 6/24/24 - Form 4
- 6/24/24 - Form 4
- SOUN's page on the SEC website