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Is It Too Late to Buy SoundHound AI Stock?
SOUNSoundHound AI(SOUN) The Motley Fool·2024-07-26 13:17

I hope you're also up to date with SoundHound AI's backlog of long-term contracts and other unfilled orders. In May's first-quarter report, that repository of untapped future revenue was worth $382 million, up 80% from the year-ago period. The average length of these backlogged agreements was seven years. Assumptions for a valuation experiment Let's work up an estimated price-to-sales ratio for SoundHound AI's stock that takes the backlog into account. This is a thought experiment, relying on some simplifie ...