SoundHound (SOUN) Stock Price

Financial Performance

SoundHound's revenue has seen a significant increase, with the last quarter reporting $34.5M, up by 37.7% from the previous quarter and up by a staggering 197.9% YoY. Their gross profit also saw an upward trend at $14.4M, increasing by 18% QoQ and 127.7% YoY. However, their operating income was in the negative at -$261.4M, marking a substantial decrease of -674.2% QoQ and -981.8% YoY which is concerning for investors.

Their EBITDA ratio stands at -7.13 indicating that they are not currently profitable but this could be due to investments in growth or temporary market conditions.

Stock Price

The stock price is currently trading at $11.71 and has seen positive trends with an increase of 28.7% over the past month and a remarkable rise of 128.7% YoY.

The RSI value is at a moderate level of 54 indicating neither overbought nor oversold conditions while the stock’s current price is slightly higher than its 200-day moving average of $10.71 suggesting bullish sentiment among investors.

Alternative Data Signals

Website traffic shows slight stagnation with minor drop of -0.1%, however mobile app downloads have skyrocketed by more than three thousand percent both MoM and YoY which indicates increased user engagement.

A mixed picture emerges from job postings data; there's been recent growth (up by16 .7%) but overall it's down year on year (-16%). This might suggest some uncertainty about future company expansion or restructuring.

Employee sentiment about business outlook is negative with only 37% reporting a positive outlook. This might indicate internal concerns about the company's future strategy or market conditions.

Social media followers have seen significant growth especially on Twitter (up by 181.9%) and Facebook (up by 99%) in the last 90 days, suggesting strong brand awareness and customer engagement.

Conclusion

In conclusion, while SoundHound's financial performance shows some areas of concern, particularly around profitability, its stock price trends and alternative data signals suggest investor confidence and growing user engagement. Therefore, it can be considered moderately bullish at present with room for improvement.

Note: This AI Stock Analysis is based on data as of July 26. 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 $14.26, 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.