Is SoundHound AI Stock a Buy Now? [Yahoo! Finance]
SoundHound AI, Inc. (SOUN)
Company Research
Source: Yahoo! Finance
This helps to explain why shares of tech company SoundHound AI (NASDAQ: SOUN) rocketed from a 52-week low of $1.49 last year to $10.25 on March 14. But just days later, financial services firm Cantor Fitzgerald downgraded the stock because of SoundHound's lofty valuation at the time. Consequently, shares lost more than half their value, and hover around $4 at the time of this writing. Does this signal a buy opportunity, or do reasons exist to avoid the stock? Let's dig into SoundHound to determine if it makes a good investment for the long haul. SoundHound's technology success SoundHound was established in 2005, but only went public in 2022 through a special purpose acquisition company (SPAC) merger . The company stated its goal is to "create a voice AI platform that exceeds human capabilities." SoundHound's AI-powered voice technology allows its software platform to understand human speech in 25 languages. This tech is licensed to businesses for tasks such as answering cust
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SOUN
News
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SOUN
Earnings
- 2/29/24 - Miss
SOUN
Sec Filings
- 4/30/24 - Form ARS
- 4/30/24 - Form DEFR14A
- 4/29/24 - Form DEF
- SOUN's page on the SEC website