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Because SoundHound AI is unprofitable, a popular valuation metric to consider is the price-to-sales (P/S) ratio. The stock trades at a pricey 29 times sales. SOUN PS Ratio Chart
SoundHound stock is extremely expensive following its incredible run SoundHound's market capitalization has ballooned to $8.8 billion following the 1,051% increase in its stock this year.
If SoundHound can double its revenue in 2025 and 2026, its revenue would increase fourfold and drop its valuation back to the 20 times sales range, but only if the stock price stays flat.
However, we also know that SoundHound's current trailing-12-month revenue is set to triple by the time 2025 ends (if management's projections come true), which would price the stock in a more ...
SoundHound AI (NASDAQ: SOUN) stock was one of the market's biggest winners in 2024. The company's share price skyrocketed 835.8% across last year's trading, according to data from S&P Global ...
Although Nvidia invested a mere $3.7 million in voice-AI start-up SoundHound AI (NASDAQ: SOUN) about a year ago, that investment put SoundHound squarely on the map as a potential AI winner. After ...