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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 AI (NASDAQ: SOUN) is a leading developer of conversational artificial intelligence (AI). Its stock came public in 2022, but it flew under the radar until February 2024, which is when ...
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.
At a current $9 billion market capitalization, shares of SoundHound AI are trading at an eye-watering 90 times this year's revenue forecast as a forward price-to-sales (P/S) ratio.
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 ...
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 ...