Upturn unsubscribed user
$1.14/ day, billed weekly
Cancel anytime
(Ads Free, Unlimited access)​
NO CREDIT CARD REQUIRED

SoundHound AI Inc. (SOUNW)SOUNW

Upturn stock ratingUpturn stock rating
SoundHound AI Inc.
$5.59
Delayed price
Profit since last BUY168.75%
Strong Buy
upturn advisory
BUY since 26 days
  • BUY Advisory
  • Profitable SELL
  • Loss-Inducing SELL
  • Profit
  • Loss ​
  • PASS (Skip invest)*​ ​
Upturn Stock infoUpturn Stock info Stock price based on last close
*as per simulation
(see disclosures)
Time period over
  • ALL
  • YEAR
  • MONTH
  • WEEK
Time period over

Upturn Advisory Summary

12/05/2024: SOUNW (3-star) is a STRONG-BUY. BUY since 26 days. Profits (168.75%). Updated daily EoD!

Analysis of Past Performance​

Type: Stock
Upturn Star Rating​ Upturn stock ratingUpturn stock rating
Today’s Advisory: Strong Buy
Historic Profit: 3256.91%
Upturn Advisory Performance Upturn Advisory Performance5
Avg. Invested days: 39
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Stock Returns Performance Upturn Returns Performance 5
Last Close 12/05/2024
Type: Stock
Today’s Advisory: Strong Buy
Historic Profit: 3256.91%
Avg. Invested days: 39
Upturn Star Rating​ Upturn stock ratingUpturn stock rating
Stock Returns Performance Upturn Returns Performance 5
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 12/05/2024
Upturn Advisory Performance Upturn Advisory Performance5

Key Highlights

Company Size ETF
Market Capitalization 0 USD
Price to earnings Ratio -
1Y Target Price -
Dividends yield (FY) -
Basic EPS (TTM) -6.57
Volume (30-day avg) 126664
Beta 3.04
52 Weeks Range 0.23 - 6.40
Updated Date 12/5/2024
Company Size ETF
Market Capitalization 0 USD
Price to earnings Ratio -
1Y Target Price -
Dividends yield (FY) -
Basic EPS (TTM) -6.57
Volume (30-day avg) 126664
Beta 3.04
52 Weeks Range 0.23 - 6.40
Updated Date 12/5/2024

Earnings Date

Report Date -
When -
Estimate -
Actual -
Report Date -
When -
Estimate -
Actual -

Profitability

Profit Margin -163.58%
Operating Margin (TTM) -139.97%

Management Effectiveness

Return on Assets (TTM) -18.13%
Return on Equity (TTM) -68.39%

Revenue by Products

Revenue by Products - Current and Previous Year

Revenue by Geography

Revenue by Geography - Current and Previous Year

Valuation

Trailing PE -
Forward PE -
Enterprise Value -
Price to Sales(TTM) -
Enterprise Value to Revenue -
Enterprise Value to EBITDA -
Shares Outstanding -
Shares Floating 326633651
Percent Insiders -
Percent Institutions -
Trailing PE -
Forward PE -
Enterprise Value -
Price to Sales(TTM) -
Enterprise Value to Revenue -
Enterprise Value to EBITDA -
Shares Outstanding -
Shares Floating 326633651
Percent Insiders -
Percent Institutions -

Analyst Ratings

Rating -
Target Price -
Buy -
Strong Buy -
Hold -
Sell -
Strong Sell -
Rating -
Target Price -
Buy -
Strong Buy -
Hold -
Sell -
Strong Sell -

AI Summarization

SoundHound AI Inc.: A Comprehensive Overview

Company Profile

History and Background

SoundHound AI Inc. (SOUN) is a digital innovation company specializing in voice-enabled AI and conversational intelligence technologies. Founded in 2005, the company initially developed music recognition technology, launching the popular SoundHound app in 2009. Over time, SoundHound expanded its focus to include speech recognition, natural language understanding, and voice assistants.

Core Business Areas

SoundHound operates in two primary segments:

  • Houndify: This segment provides voice-enabled AI and conversational intelligence solutions to various industries, including automotive, consumer electronics, and smart home devices. Houndify offers a comprehensive suite of features, including voice search, voice assistants, conversational interfaces, and custom voice experiences.
  • Music Recognition: This segment encompasses the company's original music recognition technology, accessible through the SoundHound app and other platforms.

Leadership and Structure

Key members of the leadership team include:

  • Keyvan Mohajer: CEO and Co-founder
  • James Hom: Chief Revenue Officer
  • Rishikesan Kamath: Chief Technology Officer
  • Gloria Yang: Chief Financial Officer

The company has a Board of Directors composed of experienced individuals from various industries.

Top Products and Market Share

Top Products and Offerings

SoundHound's key products include:

  • Houndify: A voice-enabled AI and conversational intelligence platform for businesses.
  • SoundHound App: A music recognition app with over 300 million downloads.
  • Houndify Voice Assistant: A customizable voice assistant for smart devices.

Market Share

SoundHound faces competition from established players like Google Assistant, Amazon Alexa, and Apple Siri. However, the company has secured partnerships with major brands, including Hyundai, Mercedes-Benz, and Mastercard, allowing it to expand its reach in the automotive and financial sectors.

Total Addressable Market

The total addressable market (TAM) for voice-enabled AI is estimated to be worth over $60 billion by 2025. This market encompasses various segments, including smart home devices, automotive, healthcare, and customer service.

Financial Performance

Recent Financial Statements

SoundHound is a relatively young company with fluctuating financial performance. In 2022, the company reported revenue of $41.8 million, a net loss of $59.9 million, and an EPS of -$1.33.

Year-over-Year Comparison

Revenue has grown steadily over the past few years, but the company remains unprofitable. Gross margins have improved, indicating progress in cost management.

Cash Flow and Balance Sheet

SoundHound's cash flow remains negative due to its investments in growth initiatives. The company has a relatively low debt-to-equity ratio, suggesting a healthy financial position.

Dividends and Shareholder Returns

Dividend History

SoundHound does not currently pay dividends.

Shareholder Returns

The stock price has experienced significant volatility in recent years. Over the past year, SOUN has returned -44.48%, underperforming the S&P 500.

Growth Trajectory

Historical Growth

SoundHound has experienced strong revenue growth over the past few years, driven by increased adoption of its voice-enabled AI solutions.

Future Growth Projections

Analysts project continued revenue growth for SoundHound in the coming years. The company's success will depend on its ability to secure new partnerships and expand its market share.

Recent Product Launches and Initiatives

SoundHound continues to invest in product development and strategic partnerships. Recent initiatives include the launch of Houndify Voice Assistant for smart TVs and the expansion of its automotive partnerships.

Market Dynamics

Industry Trends

The voice-enabled AI market is experiencing rapid growth, driven by increasing consumer demand for convenient and hands-free experiences. Advancements in natural language processing and machine learning are further fueling innovation in this space.

SoundHound's Positioning

SoundHound is well-positioned to benefit from these trends with its strong technology platform and industry partnerships. However, competition from established players remains a significant challenge.

Competitors

Key Competitors

  • Google (GOOG)
  • Amazon (AMZN)
  • Apple (AAPL)
  • Microsoft (MSFT)
  • Nuance Communications (NUAN)

Market Share Comparison

SoundHound holds a relatively small market share compared to its larger competitors. However, the company has established a niche in the voice-enabled AI space with its focus on conversational intelligence and customization.

Potential Challenges and Opportunities

Key Challenges

  • Competition from established players
  • Maintaining profitability
  • Scaling operations to meet growing demand

Potential Opportunities

  • Expanding into new markets and industries
  • Developing innovative new features and products
  • Building strategic partnerships

Recent Acquisitions (Last 3 Years)

SoundHound has not made any significant acquisitions in the past three years.

AI-Based Fundamental Rating

Based on an AI-based analysis, SoundHound receives a fundamental rating of 5 out of 10. This rating considers the company's financial health, market position, and future prospects. While the company has promising technology and strong growth potential, it faces challenges in achieving profitability and competing with larger players.

Sources and Disclaimers

Disclaimer: This information is for educational purposes only and should not be considered financial advice. Investing in stocks involves risk, and you could lose money.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.​

About SoundHound AI Inc.

Exchange NASDAQ Headquaters Santa Clara, CA, United States
IPO Launch date 2021-04-26 Co-Founder, CEO, President & Director Dr. Keyvan Mohajer
Sector Technology Website https://www.soundhound.com
Industry Software - Application Full time employees 260
Headquaters Santa Clara, CA, United States
Co-Founder, CEO, President & Director Dr. Keyvan Mohajer
Website https://www.soundhound.com
Website https://www.soundhound.com
Full time employees 260

SoundHound AI, Inc. develops independent voice artificial intelligence (AI) solutions that enables businesses across automotive, TV, and IoT, and to customer service industries to deliver high-quality conversational experiences to their customers. Its products include Houndify platform that offers a suite of Houndify tools to help brands build conversational voice assistants, such as Application Programming Interfaces (API) for text and voice queries, support for custom commands, extensive library of content domains, inclusive software development kit platforms, collaboration capabilities, diagnostic tools, and built-in analytics; SoundHound Chat AI that integrates with knowledge domains, pulling real-time data like weather, sports, stocks, flight status, and restaurants; and SoundHound Smart Answering is built to offer customer establishments custom AI-powered voice assistant. The company's products also include CaiNET software that uses machine learning to enhance how domains work together to handle queries; CaiLAN software that arbitrates responses so users get answers from the right domain; Dynamic Interaction a real-time, multimodal customer service interface; Smart Ordering which offers an easy-to-understand voice assistant for restaurants; Employee Assist; automatic speech recognition; natural language understanding; wake words; custom domains; text-to-speech; and embedded voice solutions. The company was founded in 2005 and is headquartered in Santa Clara, California.

Upturn is now on iOS and Android!

Experience Upturn on your mobile. Install it now!​