Is SoundHound AI Stock's 14.43X P/S Still Worth It: Buy, Sell or Hold? [Yahoo! Finance]
SoundHound AI, Inc. (SOUN)
Company Research
Source: Yahoo! Finance
Its 12-month Price/Sales (P/S) of 14.43X is higher than the broader sector's 6.13X, and the Zacks Computers - IT Services Industry's 10.9X. SOUN shares are also trading at a premium compared with AI peers, C3.ai AI and BigBear.ai BBAI. Shares of AI and BBAI are currently trading at P/S of 7.84X and 2.31X, respectively. Is SoundHound AI's premium valuation justified? Let's dig deep to find out. Image Source: Zacks Investment Research Year to date (YTD), SOUN shares have outperformed the sector and industry. The stock has skyrocketed 192%, outperforming industry peers like ServiceNow NOW over the same timeframe. Shares of NOW have gained 42.2% YTD. SoundHound AI has been benefiting from a strong portfolio, a solid partner base and an expanding clientele. SOUN offers conversational intelligence through independent Voice AI solutions in 25 languages in both cloud-enabled and hardware-embedded devices. Image Source: Zacks Investment Research SoundHound AI now expects revenues
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SOUN
News
- Why SoundHound AI Stock Was Racing Higher on Thursday [Yahoo! Finance]Yahoo! Finance
- Is This a Sign That SoundHound AI Is Becoming a Safer Stock to Buy? [Yahoo! Finance]Yahoo! Finance
- SoundHound's Conversational AI Agents Drive Nearly 20% Productivity Increase at Apivia Courtage Contact Centers [Yahoo! Finance]Yahoo! Finance
- SoundHound’s Conversational AI Agents Drive Nearly 20% Productivity Increase at Apivia Courtage Contact CentersBusiness Wire
- SoundHound AI: Monster Move May Not Be Over Yet [Seeking Alpha]Seeking Alpha
SOUN
Earnings
- 11/12/24 - Beat
SOUN
Sec Filings
- 11/12/24 - Form 10-Q
- 11/12/24 - Form 8-K
- 11/12/24 - Form SC
- SOUN's page on the SEC website