SoundHound AI Stock Sinks 17% Despite Beating Earnings and Revenue Estimates and Raising 2024 and 2025 Guidance [Yahoo! Finance]
SoundHound AI, Inc. (SOUN)
Company Research
Source: Yahoo! Finance
The company beat Wall Street's consensus estimates for revenue and earnings, and management increased its revenue outlook for both full-year 2024 and 2025. Start Your Mornings Smarter! Wake up with Breakfast news in your inbox every market day. Sign Up For Free » So, why did the stock decline? The stock sell-off is probably due to a couple of related factors. The first one is that investors likely had very high -- indeed, too high -- expectations going into the release because the stock had run up considerably since Monday, Nov. 4. Through Tuesday, it gained a whopping 49% over this week-plus period, compared with the S&P 500 's 4.8% rise. The second reason likely has to do with management not issuing some type of profitability guidance for 2025. Sure, it increased its revenue outlook for next year, which is a positive. But it's not all that challenging for companies to grow revenue while losses are expanding -- and, indeed, SoundHound's year-over-year operating loss and net
Show less
Read more
Impact Snapshot
Event Time:
SOUN
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
SOUN alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
SOUN alerts
High impacting SoundHound AI, Inc. news events
Weekly update
A roundup of the hottest topics
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
- Is SoundHound AI Stock's 14.43X P/S Still Worth It: Buy, Sell or Hold? [Yahoo! Finance]Yahoo! Finance
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