Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate SoundHound AI Inc before investing.

In this article, we go over a few key elements for understanding SoundHound AI Inc’s stock price such as:

• SoundHound AI Inc’s current stock price and volume
• Why SoundHound AI Inc’s stock price changed recently
• Upgrades and downgrades for SOUN from analysts
• SOUN’s stock price momentum as measured by its relative strength

About SoundHound AI Inc (SOUN)

Before we jump into SoundHound AI Inc’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

SoundHound AI, Inc. offers an independent voice artificial intelligence (AI) platform that enables businesses across industries to deliver conversational experiences to their customers. The Company’s technology applications enable humans to interact with the things around them in the same way they interact with each other: by speaking naturally to mobile phones, cars, televisions, music speakers, coffee machines, and other part of the world. The Company's Houndify platform is a Voice AI platform that combines advanced AI with engineering expertise to help brands build conversational voice assistants. The suite of Houndify tools includes application programming interfaces (API) for text and voice queries, support for custom commands, an extensive library of content domains, inclusive Software Development Kit platforms, collaboration capabilities, diagnostic tools, and built-in analytics.

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SoundHound AI Inc’s Stock Price as of Market Close

As of May 13, 2024, 4:00 PM, CST, SoundHound AI Inc’s stock price was $5.52.

SoundHound AI Inc is up 8.45% from its previous closing price of $5.09.

During the last market session, SoundHound AI Inc’s stock traded between $5.05 and $5.97. Currently, there are 248.78 million shares of SoundHound AI Inc stock available for purchase.

Unfortunately, SoundHound AI Inc’s P/E ratio is not significant enough to use for stock price evaluation. We recommend investors evaluate other financial metrics to understand its overall valuation.

SoundHound AI Inc Stock Price History

SoundHound AI Inc’s (SOUN) price is currently up 30.19% so far this month.

During the month of May, SoundHound AI Inc’s stock price has reached a high of $5.97 and a low of $4.15.

Over the last year, SoundHound AI Inc has hit prices as high as $10.25 and as low as $1.49. Year to date, SoundHound AI Inc’s stock is up 211.86%.

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What Caused SoundHound AI Inc Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of May 10, 2024, there were 5 analysts who downgraded SoundHound AI Inc’s stock and 0 analysts who upgraded over the last month.

Additionally, you'll want to evaluate SoundHound AI Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on SoundHound AI Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

SoundHound AI Inc’s current valuation based on AAII’s Value Grade is a F, which means it is considered to be Ultra Expensive.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about SoundHound AI Inc (SOUN) by visiting AAII Stock Evaluator.

Relative Price Strength of SoundHound AI Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of May 10, 2024, SoundHound AI Inc has a weighted four-quarter relative price strength of 39.13%, which translates to a Momentum Score of 97 and is considered to be Very Strong.

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SoundHound AI Inc Stock Price: Bottom Line

As of May 13, 2024, SoundHound AI Inc’s stock price is $5.52, which is up 8.45% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like SoundHound AI Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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