02 Sep Understanding SOUN Stock: Trends & Insights
Did you know SoundHound AI, Inc.’s stock, often called SOUN, has seen highs and lows from $1.4900 to $10.2500 over the last year1? This shows how differently investors feel about its worth. Despite having a market value of $1.754 billion, the company hasn’t made a profit yet, showing a -195.65% loss1. Also, with a Beta of 3.10, SOUN’s stock moves three times more than the market’s usual ups and downs1.
SoundHound is leading with its conversational AI and voice tech. They have created Houndify, CaiNET, and Smart Ordering. These innovations could change many fields, from cars to helping customers. So, keeping an eye on SOUN and how it licenses music can be key for investors today.
Key Takeaways
- SOUN has a 52-week range of $1.4900 to $10.2500, showing it’s quite unpredictable1.
- Its $1.754 billion market value indicates a strong belief in SoundHound’s future1.
- Its current lack of earnings is noteworthy, yet it’s key in the voice AI field1.
- A Beta of 3.10 means it’s three times more volatile than other market stocks1.
- SoundHound’s creations like Houndify and CaiNET aim to revolutionize several sectors.
Overview of SOUN Stock Performance
The Sound stock performance review shows a big change in price over time. It had lows and highs from $1.4900 to $10.2500 USD, showing its ups and downs2. This tells us a lot about what investors think and the outside factors that play a role.
Historical Performance
The history of SOUN’s stock points to big shifts in price that match with overall market activity and what investors do. For example, its value went up by 130.66% within a year2, even though it lost $110.16M2. These numbers show us the growth and challenges of the company through its stock performance.
Recent Developments
Lately, the SOUN stock has been in the spotlight with a lot of trading happening. For instance, it went up to $4.90 after hours, which is a 0.20% increase3. The Zacks Rank for SOUN is a 3 (Hold)3, meaning analysts are watching it but with caution. The company’s work in AI and voice recognition is getting attention, offering a big chance for growth with lots of potential.
With a market cap of $1.75 billion, SOUN stands out in the IT Services sector, among the top 24%4. It’s seen as stable and is expected to do well, with sales likely hitting $82.57 million in 2024 and $152 million in 20254.
This all adds up to a full picture of Sound stock performance review. It gives investors the info they need for smart choices in the fast-moving SOUN stock world.
Key Metrics of SOUN Stock
Let’s talk about what makes SOUN stock tick. We’ll look at the main points that show how well it’s doing in the market. This helps investors see its value and how much it swings in price.
Market Cap
The market values SOUN at a strong 1.754B USD5. This big market cap shows that investors really believe in it. It proves SOUN has a solid place in the market.
Beta (5Y Monthly)
Beta (5Y Monthly) helps us see how much a stock goes up and down. For SOUN, its Beta is 3.105. That means it’s pretty risky, but it can lead to big rewards for those who are willing to take the chance.
PE Ratio
Right now, SOUN has no PE Ratio5. This means it might not be making money yet. But this is important for those thinking about SOUN’s future. Even though no PE Ratio might worry some, it also shows SOUN could be getting ready to grow by putting money back into the business.
Here’s a quick look at the main points in a simple table:
| Metric | Value |
|---|---|
| Market Capitalization | 1.754B USD |
| Beta (5Y Monthly) | 3.10 |
| PE Ratio | Not Available |
Trends in the Audio Library Industry
The audio library industry is quickly changing, thanks to several trends. We’ll look at the major growth areas now.
Growth in Royalty-Free Sound
The rise of royalty-free sound is due to more people wanting easy, cheap music and sound effects. More creators need quality audio without always paying royalties. This is boosting sectors like Artlist and Epidemic Sound6.
Cloud-based audio production helps engineers work together from anywhere, speeding up this growth7.
Popularity of Stock Music
Stock music is getting more popular because it’s easy and cheap. The market grows 10% each year in value6. Subscription plans are great for videos, making stock music essential6.
Using AI in music libraries, like MusicGen by Meta, changes how music is made and used. This boosts stock music’s popularity6.
| Trend | Description | Sources |
|---|---|---|
| Royalty-Free Sound Growth | Increasing demand for accessible music and sound effects. | Artlist, Epidemic Sound, Soundstripe6 |
| Cloud-Based Production | Enables remote collaboration and real-time work. | Various audio platforms7 |
| Stock Music Popularity | Convenient and cost-effective options for creators. | Growth rate at 10% per year6 |
| AI Integration | AI solutions enhancing music creation and utilization. | MusicGen by Meta6 |
The trends in the audio library sector show its changing pace. They offer chances for firms like SoundHound AI, Inc. to use these changes well. The move towards royalty-free sound and more stock music use affects the industry greatly.
Impact of Music for Videos on Sound Stock
Music’s effect on video is huge, especially for SOUN stock. Platforms like SoundHound use the high demand for good soundtracks to improve their place in the market8
Music is key in making viewers feel emotions like excitement or sadness. This is a big plus for SoundHound’s business.
Many online spots offer music without royalty fees, important for video makers. Sites like Bensound and SoundCloud are great for getting music legally8. With SoundHound meeting this need, SOUN stock could really benefit from the growing need for music in videos.
Also, the Free Music Archive lets you search by genre or artist, helping creators find the perfect music9. This range of music tools helps SOUN stock by creating a space that encourages more user engagement and better content.
YouTube’s Audio Library is another place to find free music, with lots of options for different needs9. Wide music choices help SOUN stock by meeting the various needs of creators, positively affecting SOUN stock10.
Lastly, editing software like Riverside improves projects with features like multitrack editing8. These tools support the trend of video content, boosting SoundHound’s share in the market. So, investing in SOUN stock looks promising.
Sound Effects and Their Influence on the Market
Sound effects are crucial in industries like entertainment and gaming. They help create immersive experiences. Companies like SoundHound are investing in sound tech to meet this demand. In 2023, SoundHound made $46 million, missing its $98 million goal11. This shows how vital sound effects are for meeting market goals.
SoundHound’s stock value has seen ups and downs. It dropped from $14.98 to about $411. This change shows how the market reacts to the sound effects industry’s performance. Yet, SoundHound’s revenue grew 47% in 2022 and 202311. These numbers show the positive influence of sound effects on financial health.
SoundHound’s gross margin improved from 69% to 75% from 2022 to 202311. This is due to efficient audio resource management. Analysts predict a 50% growth rate for SoundHound by 202511. This outlook is based on the increasing need for sound effects in various sectors.
SoundHound’s stock has fluctuated, highlighting the sound effects’ market impact. It fell from $9 to $3.5012. Despite this, the company saw a 73% revenue increase recently. Investments like Nvidia’s $3.7 million show the industry’s commitment to sound technology12.
Experts believe SoundHound could make up to $165 million by 2030. By 2050, earnings might reach an amazing $2.7 billion11. These forecasts highlight the long-term impact of sound effects on the market. In summary, sound effects play a key role in market dynamics, as shown by solid performance figures and investor interest.
Analyzing the Volume of SOUN Stock
Understanding SOUN stock trading volume is key. We look at daily and average volumes. These figures show us investor behavior and market feelings.
Daily Trading Volume
SOUN stock’s daily volume changes a lot. Sometimes, it hits 9,303,240 shares. This high activity shows strong interest from investors. It offers chances for those analyzing daily volumes13.
Average Trading Volume
Meanwhile, SOUN’s average volume is about 23,944,985 shares13. This means SOUN stock is very active and often traded. High trading levels mean the market is liquid. This is important when we think about long-term investments and trading plans14.
Role of Sound Design in Corporate Strategy
Sound design is key for companies focusing on customer experience. It boosts brand recognition and loyalty.SoundHound leads with innovative audio tools through its Houndify platform. These tools help brands create voice assistants that better interact with users.
Innovative Audio Solutions
Being unique in the market requires innovative audio solutions. SoundHound AI has been honored with awards like the Speech Industry Awards in 2022 and 2021.It also won a Webby Award for its SoundHound Music app in 2021. These awards prove their dedication to audio innovation.
Champlain College offers a Bachelor of Science in Game Sound Design. This program includes hands-on experience with a 16-credit studio hour.This hands-on approach prepares students for their future careers in sound design.
Partnerships and Collaborations
Partnerships are essential for growth in the sound design sector. SoundHound has teamed up with companies in the automotive and IoT industries.These collaborations expand their market and push technological advancements. Winning at the Speech Industry Awards in 2023 shows the significance of these partnerships.
Champlain College’s students gain from industry partnerships, such as attending the Annual Game Studio Senior Show. Recruiters from top companies like Insomniac, Activision, and Ubisoft are in attendance.These opportunities are crucial for innovation in both education and business.
Financial Health of SoundHound AI, Inc.
Looking into SoundHound’s financial health shows a strong fiscal practice. They have no debt and a 0% debt-to-equity ratio15. They own $223.9 million in shareholder equity and $266.7 million in total assets. Their liabilities add up to $42.7 million15. These figures display a solid financial foundation important for stability.
SoundHound AI’s revenue is noteworthy, sitting at $55.47 million over the past twelve months16. Yet, they face a steep profit margin challenge. Their current margin is -195.65%, showing expenses outstrip income due to high operational costs16.
Revenue Overview
Despite challenges, SoundHound AI’s financial health remains robust with growth in areas like automotive and healthcare17. Their varied operations aid in resilience and create many income sources. A recent dip in stock price to $4.89 on August 30, 2024, doesn’t shake the $1.8 billion market cap17. This shows strong market presence and investor trust.
Profit Margin
The profit margin needs careful watch. Even with a stock rise of 178.53% this year16, the company’s profit figures highlight a heavy investment period. Assets at $224.1 million cover short and long-term liabilities well15. SoundHound AI also has a secure cash runway, expected to last over three years with a 9.4% yearly cash flow reduction15.
Comparing SOUN Stock with Competitors
Looking at SOUN stock versus others, we check its growth against the S&P 500 and top industry names. SoundHound AI, Inc.’s stock stands at $4.89, showing a 1.03% rise18. This uptick hints at its current market position.
S&P 500 Performance
The S&P 500 gives us a wide view to gauge SOUN’s performance. It includes various companies, making it a solid market health indicator. SoundHound’s stock goes up and down, which is typical for new tech companies, especially in voice AI.
Top Competitors
SoundHound is up against giants like UiPath and NVIDIA. UiPath, for instance, dropped to $20 from its $56 starting point19. Yet, UiPath’s revenue climbed 24% in the fiscal year 2024, aiming for $1.6 billion in 202519. This shows the tough competition SoundHound faces.
SoundHound also improved its gross margin from 55% to 75%, proving their effective cost management19. They expect $65-77 million in revenue for 202419. These forecasts boost investor trust and help compare SoundHound to its competitors.
Examining these aspects against SoundHound’s market role sheds light on its standing. These insights, along with S&P 500 stats, aid investors in making smart choices.
SOUN Stock: Risks and Opportunities
The SOUN stock journey is a mix of risk and chances for making money. Recently, SoundHound AI (NASDAQ:SOUN) saw a 12% fall, going from $6.20 to $5.49 in recent trades20. Still, it’s up over 160% since the start of the year, showing growth amid ups and downs20.
Now, SoundHound’s price is at $4.90. Predictions say it might go up to $6.03, a 23.01% increase21. Yet, SOUN is 18.7% under this expected price, showing short-term risk21. The stock also has a green day 53% of the time last month, showing some stability21.
SoundHound is worth almost $2 billion and owns over 120 patents20. But, its high pricing compared to others in AI might be too risky20.
The company faced financial difficulties too. It lost $94.5 million in FY 2024, with revenues at $11.6 million against higher R&D costs20. Big expenses on stock-based rewards and relying too much on a few customers adds more risk20.
Investors keep an eye on moving averages for clues on where the stock might go21. The Fear & Greed Index shows investors are worried, which might change trading actions21. Long-term forecasts aren’t too positive, expecting a drop in SOUN’s value by 203021.
Knowing the risks and chances with SOUN is key. While it has innovative strengths and could grow, financial and market challenges need close watch. Good investing matches your risk comfort.
Strategies for Investing in SOUN Stock
When you consider investing in SOUN stock, you can think short-term or long-term. This depends on your financial goals and how you see the market.
Short-Term Strategies
Short-term investing in SOUN stock means taking advantage of market changes and price moves. With a bold quarterly sales jump of 53.4%, short-term traders could quickly jump in and out. They aim for quick profits during unstable times22. Those keen on SOUN should watch daily news and track industry trends and the stock’s performance. This helps find good short-term chances.
Traders might use technical analysis tools and market indicators to make better trades.
Long-Term Strategies
Long-term investing in SOUN stock is about believing in the company for future growth. SoundHound AI Inc., with a market worth of $1.7 billion22, is eyeing long-term success. Despite a current profit margin of -198.6%, its tech innovations could boost revenues significantly22. Adding SOUN to your long-term portfolio might be a smart move as the company grows.
Choosing between short-term gains or long-term growth needs continuous research. You should always check SoundHound’s financial health and its place in the market. By creating strong SOUN investing strategies that fit your own financial needs, you can aim for the best investment results.
Technological Advancements Driving SOUN Stock
Technological improvements are behind the success of SOUN stock. SoundHound AI has progressed in AI and machine learning, boosting its market stance. Their platforms like Houndify and CaiNET are getting better. This helps the company grow strongly.
AI and Machine Learning Applications
The shares of SoundHound AI have jumped over 100% this year. This shows people are excited about their work in AI and machine learning in sound stock23. In the second quarter, they made 54% more money than last year, getting $13.5 million23. They also worked with big car brands in Europe, bringing more value24.
Speech Recognition Developments
Improving speech recognition has helped SOUN stock too. SoundHound has mixed large language models with its voice systems. This lets people and devices talk better24. Focusing on speech technology has made SoundHound a top name in AI progress.
SoundHound AI boosted its money to $201 million. This makes investors more confident in their tech23. Experts think SOUN stock could rise over 70% in a year, hitting $7.4323.
Understanding SOUN Stock Valuation
Understanding SOUN stock valuation involves looking at key financial metrics. These metrics shed light on the company’s market performance. They help us figure out if the stock is priced right in today’s market.
Price to Sales Ratio
The price to sales ratio is vital for evaluating SOUN stock. Currently, SoundHound’s ratio is 24.45. This shows what investors are ready to pay for every dollar of sales. It helps compare the company’s growth potential with others in the industry.
Enterprise Value
Enterprise value (EV) is key to understanding SOUN’s worth. SoundHound’s EV is $1.56 billion USD. With an EV/Revenue ratio of 35.46x, it’s seen as having high growth potential. This is despite challenges, compared to a 25.8x median for similar companies2520.
SoundHound’s intrinsic value is around $0.55 per share. Yet, it trades at $4.89 USD, suggesting it might be overvalued by 89%25. Investors should carefully consider this when predicting the stock’s direction.
Despite challenges, SoundHound has seen a revenue increase of 53% over the last year25. But with negative incomes, it’s crucial for investors to dive deep into its value analysis25.
Analyzing Earnings Reports for SOUN Stock
To truly understand SOUN’s performance, looking into the quarterly financial reports is essential. The recent EPS was -$0.11, missing the Zacks Consensus Estimate by -22.22%26. This miss is often due to big investments meant to boost future growth.
Quarterly Earnings
SoundHound AI, Inc. has witnessed varying sales changes, from +3.46% to +25.03%26. This shows the market’s changing dynamics. The expected EPS for the next quarter is -$0.08. This is an 11.11% increase year-over-year26. Such an optimistic forecast hints at better profitability as the company improves operations and grows its presence.
Yearly Projections
Yearly predictions are key for assessing SOUN stock. Revenue growth and better operational efficiency show good future prospects. Keeping up with earnings updates and revisions is crucial, as they greatly affect stock performance26. For deeper insights, check out MarketBeat.
SoundHound AI, Inc. has a Zacks Rank of 3 (Hold), placing it in the top 24% of its industry26. Its high scores in growth, value, and momentum indicate strong potential26. Watching the EBIT projections is essential for insights into its financial health and growth path.
FAQ
What is the historical performance of SOUN stock?
FAQ
What is the historical performance of SOUN stock?
SOUN stock’s value has gone up and down a lot within a year. The price ranged from
FAQ
What is the historical performance of SOUN stock?
SOUN stock’s value has gone up and down a lot within a year. The price ranged from $1.49 to $10.25. These changes show how the stock’s value can be affected by the market and what investors think.
What are some recent developments affecting SOUN stock?
A key development is the high number of shares traded, sometimes over 9 million. It shows strong investor interest, likely due to SoundHound’s advances in AI and growing market presence.
What is the market capitalization of SoundHound AI, Inc.?
SoundHound AI, Inc. is valued at 1.754B USD in the market. This large market cap indicates its growth potential in the tech field.
What does the Beta value of SOUN stock mean?
SOUN’s Beta value of 3.10 means it’s much more volatile than the market. It could lead to higher gains or losses for investors.
Does SOUN stock have a PE Ratio?
No, SOUN doesn’t have a PE Ratio right now. This could mean it’s not making a profit yet, which is key for investors to think about its future growth.
What are the trends in the audio library industry?
There’s big growth in the audio library field, especially with royalty-free sounds. More demand for affordable music and sound effects is pushing this growth as media productions increase.
Why is stock music becoming more popular?
Stock music’s popularity is on the rise because it’s both easy and cheap. It helps content creators add high-quality audio to their work without spending a lot.
How does music for videos impact the sound stock market?
More people using music in videos means higher demand for great soundtracks. It benefits SoundHound as top-quality audio is key when more videos are watched online.
What influence do sound effects have on the market?
Sound effects are crucial in entertainment, gaming, and virtual reality. They make experiences feel real, which raises the value of sound stock companies.
What are the daily trading volumes of SOUN stock?
SOUN stock’s trading volume varies, sometimes reaching 9,303,240 shares. This high volume shows a lot of interest and activity in the market.
What is the average trading volume for SOUN stock?
On average, about 23,944,985 SOUN shares are traded. This shows the stock is traded a lot, making it a liquid option for investors.
How does sound design play a role in corporate strategy?
Sound design is key to making customers more engaged. SoundHound, for example, uses its Houndify platform to let brands create voice assistants that can talk.
What innovative audio solutions does SoundHound offer?
SoundHound’s cutting-edge audio solutions are powered by AI through its platforms like Houndify. This lets businesses use advanced voice AI in their operations.
How do partnerships and collaborations impact SoundHound?
By partnering with others, SoundHound boosts its innovation and reaches more markets. This is especially true in the car and IoT sectors with its voice AI tech.
What is the revenue overview for SoundHound AI, Inc.?
SoundHound AI, Inc. earned 55.47M USD in the past twelve months. Yet, it has high operation costs which affect its profit margin during growth.
What is the current profit margin for SoundHound AI, Inc.?
SoundHound’s profit margin is -195.65%, showing it’s spending much more than it makes. This is common for growing companies.
How does SOUN stock compare to the S&P 500?
SOUN stock and the S&P 500 differ. SOUN’s high Beta value points to it being more volatile in its performance.
Who are SoundHound’s top competitors?
SoundHound is up against big names like NVIDIA in the audio AI market. Comparing them helps understand SOUN’s place in the industry.
What are the risks and opportunities associated with investing in SOUN stock?
Investing in SOUN has risks and chances for gains. Its groundbreaking AI tech offers growth possibilities, but its lack of profits and volatility could be risky.
What are some short-term strategies for investing in SOUN stock?
Short-term investors might use the stock’s volatility. They aim to make money from quick price changes based on news about SoundHound’s AI tech.
What are some long-term strategies for investing in SOUN stock?
Long-term investors look at SoundHound’s potential as AI and voice tech get more important. They’re betting on its future success in various fields.
What technological advancements are driving SOUN stock?
AI and machine learning via Houndify and CaiNET platforms drive SOUN. These techs make the company’s products better and more competitive.
How are developments in speech recognition influencing SoundHound?
Advances in speech recognition help SoundHound lead in voice AI. This tech is key for modern apps, growing its share in the market.
How is SOUN stock valued in terms of Price to Sales Ratio?
SOUN’s Price to Sales Ratio is 24.45. This number helps judge its market value against its sales figures.
What is the Enterprise Value of SoundHound AI, Inc.?
SoundHound AI, Inc.’s Enterprise Value is 1.56B USD. Its Enterprise Value/Revenue ratio of 28.10 offers a glimpse into its market valuation.
What are the important aspects of analyzing earnings reports for SOUN stock?
When looking at earnings reports, it’s important to check quarterly earnings and yearly forecasts. While current earnings may show losses from investing in growth, positive future projections indicate growth potential.
.49 to .25. These changes show how the stock’s value can be affected by the market and what investors think.
What are some recent developments affecting SOUN stock?
A key development is the high number of shares traded, sometimes over 9 million. It shows strong investor interest, likely due to SoundHound’s advances in AI and growing market presence.
What is the market capitalization of SoundHound AI, Inc.?
SoundHound AI, Inc. is valued at 1.754B USD in the market. This large market cap indicates its growth potential in the tech field.
What does the Beta value of SOUN stock mean?
SOUN’s Beta value of 3.10 means it’s much more volatile than the market. It could lead to higher gains or losses for investors.
Does SOUN stock have a PE Ratio?
No, SOUN doesn’t have a PE Ratio right now. This could mean it’s not making a profit yet, which is key for investors to think about its future growth.
What are the trends in the audio library industry?
There’s big growth in the audio library field, especially with royalty-free sounds. More demand for affordable music and sound effects is pushing this growth as media productions increase.
Why is stock music becoming more popular?
Stock music’s popularity is on the rise because it’s both easy and cheap. It helps content creators add high-quality audio to their work without spending a lot.
How does music for videos impact the sound stock market?
More people using music in videos means higher demand for great soundtracks. It benefits SoundHound as top-quality audio is key when more videos are watched online.
What influence do sound effects have on the market?
Sound effects are crucial in entertainment, gaming, and virtual reality. They make experiences feel real, which raises the value of sound stock companies.
What are the daily trading volumes of SOUN stock?
SOUN stock’s trading volume varies, sometimes reaching 9,303,240 shares. This high volume shows a lot of interest and activity in the market.
What is the average trading volume for SOUN stock?
On average, about 23,944,985 SOUN shares are traded. This shows the stock is traded a lot, making it a liquid option for investors.
How does sound design play a role in corporate strategy?
Sound design is key to making customers more engaged. SoundHound, for example, uses its Houndify platform to let brands create voice assistants that can talk.
What innovative audio solutions does SoundHound offer?
SoundHound’s cutting-edge audio solutions are powered by AI through its platforms like Houndify. This lets businesses use advanced voice AI in their operations.
How do partnerships and collaborations impact SoundHound?
By partnering with others, SoundHound boosts its innovation and reaches more markets. This is especially true in the car and IoT sectors with its voice AI tech.
What is the revenue overview for SoundHound AI, Inc.?
SoundHound AI, Inc. earned 55.47M USD in the past twelve months. Yet, it has high operation costs which affect its profit margin during growth.
What is the current profit margin for SoundHound AI, Inc.?
SoundHound’s profit margin is -195.65%, showing it’s spending much more than it makes. This is common for growing companies.
How does SOUN stock compare to the S&P 500?
SOUN stock and the S&P 500 differ. SOUN’s high Beta value points to it being more volatile in its performance.
Who are SoundHound’s top competitors?
SoundHound is up against big names like NVIDIA in the audio AI market. Comparing them helps understand SOUN’s place in the industry.
What are the risks and opportunities associated with investing in SOUN stock?
Investing in SOUN has risks and chances for gains. Its groundbreaking AI tech offers growth possibilities, but its lack of profits and volatility could be risky.
What are some short-term strategies for investing in SOUN stock?
Short-term investors might use the stock’s volatility. They aim to make money from quick price changes based on news about SoundHound’s AI tech.
What are some long-term strategies for investing in SOUN stock?
Long-term investors look at SoundHound’s potential as AI and voice tech get more important. They’re betting on its future success in various fields.
What technological advancements are driving SOUN stock?
AI and machine learning via Houndify and CaiNET platforms drive SOUN. These techs make the company’s products better and more competitive.
How are developments in speech recognition influencing SoundHound?
Advances in speech recognition help SoundHound lead in voice AI. This tech is key for modern apps, growing its share in the market.
How is SOUN stock valued in terms of Price to Sales Ratio?
SOUN’s Price to Sales Ratio is 24.45. This number helps judge its market value against its sales figures.
What is the Enterprise Value of SoundHound AI, Inc.?
SoundHound AI, Inc.’s Enterprise Value is 1.56B USD. Its Enterprise Value/Revenue ratio of 28.10 offers a glimpse into its market valuation.
What are the important aspects of analyzing earnings reports for SOUN stock?
When looking at earnings reports, it’s important to check quarterly earnings and yearly forecasts. While current earnings may show losses from investing in growth, positive future projections indicate growth potential.