SoundHound (SOUN) Stock Price

Financial Performance

SoundHound's revenue has shown a significant increase of 197.9% YoY and 37.7% QoQ, indicating strong growth in the company's operations. The gross profit also increased by 127.7% YoY and 18% QoQ, suggesting that the company is able to maintain its cost of sales while increasing revenue. However, the operating income shows a huge negative trend with -981.8% YoY and -674.2% QoQ, which could be due to an increase in operational expenses or investment for expansion purposes. The EBITDA ratio at -7.13 further suggests that SoundHound is currently not profitable.

Stock Price

The stock price has been on an upward trend with a rise of 4.2% over the last month and an impressive gain of 227% YoY, trading at $16.25 currently from a significantly lower base price previously. The RSI value at 68 indicates that it is nearing overbought levels but still under the threshold of 70 which may indicate potential for continued growth before a possible pullback or consolidation phase occurs.

Alternative Data Signals

The website traffic shows a slight decrease MoM but this could be seasonal or due to other factors not directly related to business performance such as marketing strategies or changes in consumer behavior patterns online etc., Mobile app downloads show strong engagement with users which can potentially convert into higher revenues for SoundHound going forward if monetization strategies are effectively implemented.

In terms of job postings there's been an increase both MoM and YoY indicating potential expansion plans by SoundHound.

A negative employee outlook combined with high social media follower growth suggests a mixed sentiment towards the company's future prospects.

Conclusion

In conclusion, SoundHound's stock performance can be considered as neutral. Despite impressive revenue growth and stock price appreciation, concerns arise from their negative operating income and EBITDA ratio which indicate current unprofitability. Also, the mixed signals from alternative data points such as decreasing web traffic but increasing app downloads and job postings add to the uncertainty.

Note: This AI Stock Analysis is based on data as of September 20. Our members can refresh and get access to an up-to-date AI stock analysis.

Sign up

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 $15.94, will... Sign up to access price prediction.