The voice AI company is growing revenue, but profits are several years away.*Stock prices used were the afternoon prices of Dec. 14, 2024. The video was published on Dec. 16, 2024. ...

SoundHound AI Inc SOUN stock skyrocketed 713% this year and 173% this month.The company, which specializes in voice AI technology, is trading at an all-time — and 52-week high — of $17.29 on Friday. Chart created using Benzinga ProSOUN stock's technical signals are flashing green across the board. Trading well above its eight, 20 and 50-day simple moving averages, SoundHound is in strongly bullish territory.Key indicators like its relative strength index (RSI) of 80.89 may point to an overbought status, bu ...

Company Overview - SoundHound AI secured a multimillion-dollar investment from Nvidia in early 2024, indicating strong confidence in its business model [1] - The company's market cap surged from less than $2 billion at the start of November to over $5 billion due to increased investor interest [4] Stock Performance - Since the beginning of November, SoundHound shares have increased by approximately 217%, adding billions to its market capitalization [2] - The stock price is currently trading at a high price-to-sales (P/S) ratio of 63, reflecting strong market expectations [10] Revenue Growth Expectations - Revenue growth estimates for SoundHound have nearly doubled from around 50% to 96.7%, suggesting a more optimistic outlook for future earnings [5] - The company's revenue for the trailing twelve months (TTM) is reported at $67.3 million, indicating significant growth potential [8] Market Position and Competition - SoundHound operates in the AI sound technology sector, with applications in fast food, consumer products, and automotive industries, which are growing at rates of 15% to 20% annually [6] - The company holds several hundred patents and has decades of operational experience, positioning it well against larger tech competitors [7] Future Considerations - A stock split in 2025 is unlikely given the current share price range of $10 to $15, although future growth could make it a possibility [11]

Over the last five years, Nvidia stock is up a staggering 2,500%. That means a $10,000 investment in Nvidia stock made five years ago would now be worth nearly $260,000.Yet the fact of the matter is that a lot of investors may have missed out on Nvidia's rise, or at least a significant portion of it, simply because they missed the early signs of a multibagger in the making. With that in mind, let's have a look at another stock -- one that might still be in the early innings of a multiyear uptrend: SoundHoun ...

Group 1: Company Overview - SoundHound AI is a pioneer in voice-enabled artificial intelligence solutions, with over 315 million downloads of its flagship SoundHound app and partnerships with major automakers [2] - The company operates in a highly competitive AI sector, facing competition from giants like Google and Microsoft, as well as emerging startups [3] Group 2: Financial Performance - In Q3 2024, SoundHound reported an EPS of -$0.06, beating the consensus estimate of -$0.07, with revenue increasing 88.7% year-over-year to $25.1 million, surpassing analysts' expectations of $23.02 million [4] - Operating losses increased 132% year-over-year in Q3 to $33.7 million, raising concerns about the company's financial health and path to profitability [6] Group 3: Growth Strategies - SoundHound is expanding through strategic acquisitions, including the $80 million purchase of Amelia AI, which is expected to contribute $45 million in revenue to SoundHound's 2025 projections of $150 million [5] Group 4: Market Sentiment - Investor skepticism is reflected in the company's elevated short interest of 25.22% as of November 30, indicating doubts about SoundHound's valuation and profitability [7] - Significant insider selling has occurred, with $32.59 million worth of stock sold over the past 12 months and $25 million sold in Q4 alone, including nearly $12 million by the CEO in December [8] Group 5: Analyst Ratings - Analysts maintain a consensus Moderate Buy rating on SoundHound AI, but the average price target of $7.64 suggests a potential downside of nearly 44% from current levels, raising concerns about the company's ability to sustain its valuation [9]

It's been a stellar year for voice artificial intelligence (AI) company SoundHound AI (SOUN -4.75%), which, as of last week, has soared more than 600% since January. The stock has become one of the more prominent AI stocks to own of late, with its market cap now at more than $5 billion.The stock rose to popularity this year after investors learned that Nvidia had invested in the business. However, whether or not it can continue rallying next year will likely depend on answers to three crucial questions.1. C ...

Shares of voice assistant technology company SoundHound AI (SOUN 12.78%) skyrocketed 85.1% during November, according to data provided by S&P Global Market Intelligence. The company did report financial results for the third quarter of 2024 during the month. But oddly enough, this didn't serve as a catalyst to send the stock higher. To the contrary, the stock actually dropped following its Q3 report.In Q3, SoundHound's revenue soared by 89% year over year to a record $25 million. But acquisitions hit the co ...

A tiny company in a fast-growing industry is a recipe for millionaire-making potential. And with shares up by a whopping 347% year to date as of this writing, SoundHound AI (SOUN -3.87%) has been a top performer as it seeks to pioneer voice-based artificial intelligence (AI). But is it too late for new investors to hop aboard? Let's dig deeper to see what the future holds. The artificial intelligence gold rush Analysts remain optimistic about the AI industry's long-term potential. Bloomberg believes the rev ...

It's tempting to actively trade small tech companies in their early days. The companies' stock prices typically experience wild swings as investors grapple with proper valuations and long-term opportunities.However, it's often better to designate a small portion of your portfolio to a speculative name and hold the stock for the long haul. For instance, if you bought $5,000 worth of an upstart online bookseller at its initial public offering, you would have over $10 million today.I'm talking about Amazon, of ...

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. ...