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How to Buy Soundhound Ai Stock

Soundhound Ai Inc

SoundHound AI, Inc. develops independent voice artificial intelligence (AI) platform that enables businesses across industries to deliver high-quality conversational experiences to their customers.

Soundhound Ai stock last closed at $5.93, up 2.07% from the previous day, and has increased 177.1% in one year. It has overperformed other stocks in the Software - Application industry by 1.38 percentage points. Soundhound Ai stock is currently +297.99% from its 52-week low of $1.49, and -42.15% from its 52-week high of $10.25.

As of Mar 27, 2024, there are 309.11M shares of SOUN outstanding. The market capitalization of SOUN is $1.83B. In the past 24 hours, 41.48M SOUN shares were traded.

How to Buy Soundhound Ai Stock

Not sure how to invest in Soundhound Ai stock? Here's how.
  1. Choose where to buy Soundhound Ai stock: You need to pick an online brokerage, but don't worry - we've researched dozens of online stock brokerages and apps to help you figure out where to buy Soundhound Ai stock.
  2. Sign up for a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
  3. Fund your brokerage account: Select your method of payment and add your info.
  4. Analyze Soundhound Ai stock: The Soundhound Ai ticker symbol is SOUN. Is Soundhound Ai stock a good investment? Should you buy shares of SOUN? How do SOUN's underlying business fundamentals look? Do top analysts think Soundhound Ai is a good buy? Why has SOUN's stock price moved recently? (Hint: Our stock research tools can help you understand if SOUN is a good stock to buy).
  5. Execute your SOUN purchase: Decide if you will purchase SOUN shares at the current market price or use a limit order to buy SOUN stock at a particular price.
  6. Get the latest news on your SOUN investment: Create a watchlist to keep tabs on your investment in Soundhound Ai shares.

Step 1: Choose where to buy Soundhound Ai stock

You need an online brokerage account to access the NASDAQ market and buy SOUN shares.

A brokerage account is an investment account that enables you to buy and sell a variety of financial instruments, such as stocks, bonds, mutual funds, and ETFs.

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Step 2: Sign up for a brokerage account

Now that you've selected the best brokerage, the next step is to fill out some personal details so you are able to invest in SOUN today.

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Step 3: Fund your brokerage account

Now that you have filled out your info on apps for stock market, you need to deposit funds:

Watch the video below for more details depositing funds into your investment account.

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Step 4: Analyze Soundhound Ai stock

After you have decided on the best place to buy Soundhound Ai stock, it's critical to analyze their stock prior to buying, so you actually understand the risk and upside.

Overview of key SOUN info

SOUN Price
$5.93
1w %
-25.22%
1y %
177.1%
5y %
N/A
P/E
-14.83x
P/B
65.08x
P/S
29.65x
PEG
N/A
Revenue
$45.87M
Earnings
-$91.71M
Fore. Rev. Growth
N/A
Fore. Earn. Growth
N/A
Market Cap
$1.83B
Next Earnings
May 9, 2024
Next Dividend
N/A

SOUN Due Diligence Checks

WallStreetZen was built to help part-time investors perform more accurate fundamental analysis.

You can view all of the due diligence checks on SOUN's stock page.

How is SOUN stock valued?

Investors use a variety of different financial metrics, analyses, models, and charts to gauge SOUN's true value.

Using relative valuations ratios:

  • SOUN may be overvalued based on its P/B ratio of 65.08x, relative to Software - Application industry P/B ratio of 6.94x

You can do more valuation research on SOUN's stock here.

SOUN Financial Health

Pros:

  • There are more short-term assets than long-term liabilities on the SOUN balance sheet.
  • SOUN has cash burn of 68657000. It has sufficient cash and short-term investments to cover this for at least one year.
  • There are more short-term assets than short-term liabilities on the SOUN balance sheet.

Cons:

  • SOUN profit margin has gone up by 1.75 percentage points in the past year, but the company is still unprofitable.
  • SOUN has $95.26M in cash and short term investments. This is not sufficient to cover its annual cash burn of $68.66M.
  • SOUN has a relatively high debt to equity ratio of 4.37.

Do analysts think it's a good time to buy SOUN stock

Out of 5 sell side analysts who track SOUN, the consensus analyst rating on Soundhound Ai is a Buy

It's important to keep in mind that analyst ratings are not stock recommendations, nor are they financial advice.

You can dive deeper into what analysts are projecting on the Soundhound Ai stock forecast page.

SOUN Momentum

SMA10
7.22
SMA20
6.72
SMA50
4.33
SMA100
3.19
SMA200
2.87
MACD
0.55
MACD Signal
0.9
MACD Histogram
-0.36
RSI
49.42
Stochastic %K
14.1
Stochastic %D
19.62
StochRSI %K
1.13
StochRSI %D
0.38

SOUN Performance Metrics

Last year, SOUN revenue was $45.87M. In the past 3 year, SOUN's revenue has increased by 136.16% per year. This was faster than the Software - Application industry average of 27.46%.

You can research SOUN's earnings and revenue performance here.

Who is buying/selling SOUN?

In the last year, insiders at SOUN have sold more shares than they have bought.

Keyvan Mohajer, CEO of SOUN, was the latest SOUN insider to sell. They sold $192,459.87 worth of SOUN shares on Mar 22, 2024.

Learn more about who owns SOUN shares here.

Does SOUN stock generate passive income?

No, Soundhound Ai doesn't provide an income stream by paying out dividends.

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Step 5: Execute your SOUN purchase

There are two main options:

  • Market order: A market order is an order to buy or sell a security at the best price on the market.
    Market orders are generally the easiest way to buy.
  • Limit order: A limit order lets you buy or sell a stock at a specific price (or better).
    If you want to make sure you're buying or selling at an exact dollar amount, use a limit order.

Press the Open Trade button and your broker will execute your order.

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Step 6: Get the latest news on your SOUN investment

Now that you own some SOUN shares, you'll want to keep up with your new investment.

Make a watchlist to keep track of your SOUN stock.

SOUN Feed

How to Buy Stock in Soundhound Ai

To reiterate, here are the 6 steps you need to take to buy Soundhound Ai stock right now:

  1. Choose where to buy Soundhound Ai stock
  2. Sign up for a brokerage account
  3. Fund your brokerage account
  4. Analyze Soundhound Ai stock
  5. Execute your SOUN purchase
  6. Get the latest news on your SOUN investment

If you require a brokerage account, eToro is our recommended venue.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you want to get the latest news on your new investment in Soundhound Ai, add SOUN to your watchlist by clicking the button below.

NASDAQ: SOUN
$5.93+0.12 (+2.07%)
Updated Mar 27, 2024
Open eToro Account
NASDAQ: SOUN
$5.93+0.12 (+2.07%)
Updated Mar 27, 2024
Open eToro Account

FAQ

How much does it cost to buy one Soundhound Ai share?

As of Mar 27, 2024, it costs $5.93 to buy one share of Soundhound Ai stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $2, you can buy 0.337 shares of SOUN.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Soundhound Ai stock?

According to 5 Wall Street analysts who monitor Soundhound Ai, their consensus recommendation is to buy Soundhound Ai stock.

What is the best way to buy Soundhound Ai stock?

One way to place an order for Soundhound Ai stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.