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SoundHound AI, Inc.

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SOUN trade ideas

$SOUN : WE ARE BREAKING THE SOUND BARRIER! I TOLD YOU LAST WEEK!NASDAQ:SOUN : WE ARE BREAKING THE SOUND BARRIER! I TRIED TO TELL YOU LAST WEEK. Now you see why the video I posted on Sound Hound AI was TV's Editor's pick of the week! We are just getting started, though, and now you see how well my "High Five Setup" works! Almost 10% on the day bang! If your in this name with me show some love in the comments! The chart shows price targets in Green and the measured moves! Not financial advice.
NASDAQ:SOUNLong
by RonnieV29
21
$SOUN :Is Sound Hound AI the next small cap to SURGE?! 98% move!NASDAQ:SOUN Is Sound Hound AI the next small cap to SURGE?! I believe this stock is gearing up for a 98% move higher! So, let's dive into my video below, which talks about the NASDAQ:SOUN stock charting setup for a SURGE to the upside and how it meets my 5/5 trading setup! (My personal trading strategy) Not financial advice. Like ❤️ Follow🤳 Share 🔂 Comment what stock you want to see charting analysis on below.
Editors' picks
NASDAQ:SOUNLong
by RonnieV29
22
SoundHound AI reports record revenue growth in Q2SoundHound AI Inc. has demonstrated a significant uptick in its financial performance with a strong Q2 earnings report , a testament to its economic stability. Sounhound AI not only posted record revenue, but also maintained a robust cash reserve, signalling healthy operational stamina and potential for further growth. This performance is underpinned by the promising prospects of expanding applications for its voice technology software. In the last quarter, SoundHound AI's revenue surged 54% year-over-year to 13.5 million USD, while its GAAP gross margin stood at 63%. The company's total subscriptions and order book roughly doubled from the previous year. Despite these gains, SoundHound reported a net loss of 37.3 USD million or 0.11 USD per share. SoundHound's recent acquisition of Amélia, a firm specialising in conversational AI technologies, also positions it to venture into new sectors such as finance, insurance, and healthcare, promising further diversification and revenue streams. Technical analysis of SoundHound AI Inc. (NASDAQ: SOUN) Exploring potential trading opportunities based on the current technical landscape of SoundHound AI's stock: Timeframe : Daily (D1) Current trend : the stock shows a sideways channel formation with an emerging uptrend Resistance level : 5.30 USD Support level : 3.95 USD Potential downtrend target : should a downtrend take hold, the downside target could be at 2.40 USD Short-term target : if the uptrend gains momentum and the stock breaks through the resistance at 5.30 USD, a short-term target could be 6.45 USD Medium-term target : with sustained positive movement, the stock price might target 7.95 USD A strategic acquisition and the potential to enter new markets could significantly impact SoundHound AI's stock performance and valuation. Investors should monitor SoundHound AI closely, especially considering its proven ability to leverage its technological innovations in conversational AI across various industries. — Ideas and other content presented on this page should not be considered as guidance for trading or an investment advice. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews. The material presented and the information contained herein is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments. Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 65.68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
NASDAQ:SOUN
by RoboMarkets
Ready to take a Flyer?Part of the fun of investing is accepting a bit of risk for outsized rewards. NASDAQ:SOUN fits the bill. Through 2 acquisitions in the the last couple of months they are predicting annual revenues north of $150 million. While not profitable they are in the hot space of AI software and have a plethora of customers across a number of industries. By rolling up smaller companies that already have revenues and customers they can establish their beachhead and start building their moats. They are by no means cheap and a value play but what they are is a potential meme stock that can 2x or 3x on the momentum. Going to take a flyer and see where this goes over the next couple weeks.
NASDAQ:SOUNLong
by MP888
1
SoundHound AI Surges 19% Following the Acquisition of AmeliaIn a strategic move set to redefine the landscape of conversational AI, SoundHound AI, Inc. (NASDAQ: NASDAQ:SOUN ) has acquired Amelia, a leading enterprise AI software company. This acquisition marks a significant milestone in SoundHound's journey, propelling the company to the forefront of voice and conversational AI, and causing its stock to surge by 19%. A Powerful Alliance in Conversational AI SoundHound AI (NASDAQ: NASDAQ:SOUN ), known globally for its cutting-edge voice artificial intelligence, is poised to leverage Amelia's strong legacy in enterprise AI. Amelia’s deep-rooted presence in customer service, especially within multinational corporations across finance, insurance, retail, and healthcare, complements SoundHound’s extensive portfolio. This merger is more than just a business transaction; it represents the union of two AI pioneers committed to revolutionizing customer service through AI-fueled conversations. The synergy between SoundHound AI and Amelia is expected to produce a powerhouse in the conversational AI domain, offering scalable and best-in-class customer service solutions to a vast array of industries. This collaboration not only enhances SoundHound AI’s existing customer service capabilities but also opens doors to new, sizable verticals such as healthcare, financial services, insurance, and retail. Expanding Horizons: Vertical Integration and Market Reach The combined expertise of SoundHound AI and Amelia positions the newly unified company at the center of a rapidly growing market. With an addressable market that now spans nearly 200 marquee customers, including top global banks and Fortune 500 organizations, SoundHound AI is set to become a dominant player in conversational AI. The acquisition introduces a diversified customer base, with no single customer accounting for more than 10% of total combined revenue. This diversification, coupled with the introduction of new industries, significantly increases SoundHound AI's market reach and potential for growth. Unlocking New Revenue Streams The acquisition also unlocks substantial revenue and cost synergies. SoundHound AI’s proprietary technology and cloud migration strategy are expected to create cost savings, while the combined company’s extensive customer base presents cross-selling and up-selling opportunities. The expansion into voice commerce, particularly in areas like food ordering, ticket purchasing, and appointment scheduling, further enhances the company’s monetization potential. Financial Impact and Future Growth The $80 million acquisition, paid in a combination of cash and equity, is anticipated to be accretive to SoundHound AI’s earnings in the second half of 2025. With Amelia contributing over $45 million in recurring AI software revenue, the combined revenue in 2025 is expected to exceed $150 million. This financial strength, bolstered by $160 million in cash and $39 million in debt at closing, positions SoundHound AI for sustained growth and profitability in the years to come. A Visionary Leap Toward a Voice Commerce Ecosystem This acquisition aligns with SoundHound AI’s ambitious vision of creating a comprehensive voice commerce ecosystem. Following its recent acquisition of food ordering marketplace Allset, SoundHound AI is now accelerating its plans to bring voice transactions to millions of devices worldwide. Amelia’s integration into this vision introduces new industries such as healthcare, financial services, and retail, expanding the scope of what’s possible in voice commerce. Conclusion: A New Era for SoundHound AI With the acquisition of Amelia, SoundHound AI (NASDAQ: NASDAQ:SOUN ) is not just expanding its footprint in conversational AI; it is positioning itself as a leader in the next generation of customer service and voice commerce. As enterprise spending on generative AI continues to gather momentum, SoundHound AI is poised to capitalize on this trend, driving growth, innovation, and shareholder value in the process.
NASDAQ:SOUNLong
by DEXWireNews
2
SoundHound Stock Surges 9% on Demand for AI Tools SoundHound ( NASDAQ:SOUN ) AI shares surged over 14% in late trading on Thursday after the company surpassed analysts' first-quarter revenue estimates and raised its full-year sales outlook amid growing demand for artificial intelligence (AI) speech recognition software. The Silicon Valley-based tech company reported revenue of $11.6 million for the three-month period ending March 31, up 73% from the prior year's corresponding quarter and comfortably ahead of the $10.1 million expected by analysts. However, the company posted an net loss of $33 million, or 12 cents a share, wider than the 9 cents per share loss consensus view. Looking ahead, the company bumped up the lower end of its full-year revenue guidance and now expects the top line to range between $65 million to $77 million, up from its prior forecast of $63 million to $77 million. Wall Street had modeled annual net sales tallying $69.5 million. CEO Keyvan Mohajer said in the company's earnings statement that "Our first quarter sets the tone for 2024 as another year of strong growth for SoundHound ( NASDAQ:SOUN )." The company already has a number of partnerships across restaurants and automobile sectors for its voice AI assistant tools. Although SoundHound ( NASDAQ:SOUN ) has a market capitalization of just $1.52 billion, it appeared on investors' radar this year after a regulatory filing revealed that AI chipmaker Nvidia (NVDA) had taken a stake in the company, holding 1.73 million shares as of the end of 2023. Technical Outlook SoundHound ( NASDAQ:SOUN ) stock is up 9% in Friday's Market trading as of the time of writing with a Relative Strength Index (RSI) of 56 which is prime for further gains in the near term. The stock's daily price charts show a "Cup or U-shaped pattern" in the long term.
NASDAQ:SOUNLong
by DEXWireNews
Technical Analysis of Stock SOUN 5/8/2024Technical Analysis of Stock SOUN Introduction: SOUN, founded by a computer scientist from the dot-com era, has garnered significant attention from investors, including heavyweights like NVDA and Kleiner Perkins. Notably, Kleiner Perkins' backing is a considerable endorsement. The company's innovations, such as AI-powered burger ordering at White Castle, underscore its potential in the market. Daily Chart Technical Analysis: Overview: This analysis delves into both the broader picture and recent price movements of Stock SOUN Daily Chart #1: This chart illustrates the complete price history of Stock SOUN, revealing its trajectory since going public in April 2022. After an initial crash to $1 by the end of 2022, the stock traded sideways between $1.60 and $4.70 from January 2023 to February 2024. During this period, it struggled to breach the resistance zone of $3.50 to $4.70. However, by the end of February 2024, a surge in trading volume facilitated a breakout, with the stock reaching a high of $10.25. Subsequently, there was a significant pullback of -65%, bringing the price back to the $3.50 to $4.70 resistance zone. Observations: This breakout from an accumulation stage, followed by a pullback to a historically resistant zone, presents a compelling opportunity. The confirmation of the breakout by massive trading volume adds further credibility. We will now assess if there is a viable entry point for a long position. Daily Chart #2: Here, we focus on the breakout and subsequent pullback to the $3.50 to $4.70 resistance zone. The breakout on February 26 led to a surge in prices to the $10 range. However, as the breakout reached its peak, a descending triangle formed, indicating an imminent pullback. This pullback retraced the price back to the $3.50 to $4.70 zone, where it found support and broke through the pullback trendline. The price is now attempting to establish the $3.50 to $4.70 zone as a support level, forming an ascending triangle. On May 6th, the price broke out from this triangle and above $4.70. Concurrently, the MACD crossed above its signal, signaling bullish conditions. Implications: The technical indicators suggest a favorable outlook, especially with earnings scheduled for May 9, 2024. These factors indicate potentially bullish earnings. Trade Strategy: Entry: $4.81 Stop Loss: $4.06 (-15.59%) Target #1: $10.00 (+107.90%) Target #2: $15.00 (+211.85%) - There's a possibility of exceeding this target; I'll trail if the price exhibits parabolic movement beyond $15.
NASDAQ:SOUNLong
by rudcharts
5
Should you buy SoundHound before earnings?Is SoundHound (SOUN) a buy now? SoundHound is reporting Q1 results of the year 2024 on May 9, but is the stock worth it? Since it became public that NVIDIA has had holdings in the AI voice company SoundHound, the price of the stock rallied as high as $10.4. However, the price did not hold at that level although it was after the company's negative results in the fourth quarter of 2024. The stock has been moving along with the market, following the overall trend of the AI & Semiconductor industry which has been in underperformance following unfavorable news from ASML, ARM, INTC, SMCI, and AMD. Texas Instruments did well but the company would not influence the market. Currently, a number of analysts set a one-year price target for SOUN stock as $7.15 with a min estimate of $4.9 and a max estimate of $9.5. Currently, the price is below the lower band estimate, closing yesterday's session at $4.24. 4 Wall Street analysts strongly recommend buying SoundHound, while 2 suggest holding it. These analyst recommendations are important for most investors to make the next move. YTD, SoundHound received 4 maintenance, 1 downgrade, and most recently one upgrade on April 11. The current technicals surrounding SOUN indicate that the stock is oversold. In terms of the stock valuation, the software & programming industry has the following stats: - Price to Sales of 9.56, SoundHound comes at 25.62 - Price to Book of 10.01, SoundHound achieves 84.08 While the price to sales is a strong indication of how much sales investors expect their dollar investment to generate and it's quite favorable for SoundHound, the P/B ratio is paramount as well, which's very unfavorable in SOUN situation. Apart from valuation and technicals, SoundHound is predicted to report EPS of $-0.092 in the current quarter. This raises questions about the company's profitability, although this figure represents 28% decrease from last quarter's earnings. The audience will be watching if the company will be able to break even and perhaps turn profitable in the next few years. Nevertheless, a better-than-expected EPS figure will most likely boost investor's confidence in the stock as it will be a sign that the company is moving in the right direction. Another important metric will be the company's segmental revenue. SoundHound now has 4 revenue segments, with the licensing revenue represents the largest segment. Hosted Services and Professional Services are in the middle range, while Monetization comes last with a decrement of approximately 25% YoY. Eyes will be on this metric because it represents a vulnerability in the company's revenue. Overall, The stock may progress in the coming days as its next earnings date was announced May 9, which's a day after ARM reports its Q1 earnings with potential bulls in the general market. The graph below demonstrates SOUN, SP500, & Technology sector YTD. We can see the spike in SOUN in February & Mid-March when the stock jumped from $1.95 hitting $4.0.
NASDAQ:SOUNLong
by ali_haideredrees