SoundHound (SOUN) Stock Price

Financial Performance

SoundHound's revenue has shown a strong upward trend, with a significant increase of 197.9% YoY and 37.7% QoQ to $34.5M. The gross profit also grew by 127.7% YoY and 18% QoQ to $14.4M, indicating an effective cost management strategy despite increasing revenues. However, the company reported a significantly negative operating income of -$261.4M, which is down by -674.2% from the previous quarter and -981.8% YoY – this could be due to high operational costs or investment in growth initiatives.

Stock Price

The stock price has seen considerable appreciation over time, with an increase of 100.2% YoY and 22.8% over the last month to its current trading value at $10.11; it is also above its 200-day moving average ($9.59), suggesting bullish momentum in the long term perspective but neutral in short term as indicated by RSI value at around mid-range (49.82).

Alternative Data Signals

Despite a decrease in web traffic (-11%), SoundHound's mobile app downloads have surged massively (+3054%) MoM – this can indicate increased user adoption or successful marketing efforts for their product offerings on mobile platforms; however, job postings have decreased (-34%) MoM which might suggest a slowdown in hiring or cost-cutting measures being implemented; employee business outlook is relatively low (33%) indicating some internal concerns about future prospects.

Social Media Presence

The company's social media presence has grown substantially across all major platforms – Twitter followers are up by 103.7%, Instagram by 24%, and Facebook by 88.7% over the last 90 days; this could be indicative of growing brand awareness and engagement with its audience.

Conclusion

In conclusion, SoundHound's stock performance presents a mixed picture – while revenue and gross profit growth are strong, operational profitability is significantly negative; stock price trends indicate bullishness in the long term but neutrality in the short term; alternative data signals suggest increased product adoption but potential internal concerns about future prospects.

Note: This AI Stock Analysis is based on data as of May 31. Our members can refresh and get access to an up-to-date AI stock analysis.

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Based on a combination of financial analysis, technical indicators, and insights from alternative data, we predict that the stock price of SoundHound (SOUN), currently trading at $10.11, will... Sign up to access price prediction.

Disclaimer:
This prediction is provided for informational purposes only and does not constitute financial advice. Market conditions are subject to change, and past performance is not indicative of future results. Please conduct your own research or consult a professional before making investment decisions.