Unveiling the Stock Analysis & Price Predictions of SoundHound AI, Inc.

Unveiling the Stock Analysis & Price Predictions of SoundHound AI, Inc.

Table of Contents

1. Introduction
2. Overview of SoundHound AI
3. Stock Performance Analysis
   1. Performance Evaluation Since July 20th, 2023
   2. Short-Term Trend Analysis
   3. Three-Month and Twelve-Month Trends
   4. Daily Update - Volatile Ride
4. Volume and Price Analysis
5. 52-Week High and Low Prices
6. Analyst Ratings and Forecasts
   1. P/E Ratio
   2. Earnings Report for Q2 2023
7. Day Trading Levels
   1. Resistance and Support Levels
8. Insider Trades
9. Evaluation and Outlook
10. Conclusion

Introduction

In this article, we will provide a detailed analysis of SoundHound AI, a company that specializes in artificial intelligence. We will examine its stock performance, evaluate trends, and assess analyst ratings. Additionally, we will discuss day trading levels, insider trades, and provide an overall evaluation and outlook for the stock.

Overview of SoundHound AI

SoundHound AI is a company that leverages artificial intelligence technology to provide innovative solutions. They recently launched an AI stock analysis tool powered by gpt4 at stockinvest.us. This tool offers price predictions and in-depth analysis for 25,000 companies worldwide.

Stock Performance Analysis

To assess the stock's performance, we will evaluate its performance since July 20th, 2023. During this period, SoundHound AI experienced a loss of 22.71%, translating to an average loss of 4.54% per day. Despite this decline, the stock lies in the lower part of a strong rising trend, indicating a potential buying opportunity.

Short-Term Trend Analysis

The Current short-term trend suggests a potential 33.56% change over the next three months, with a possible return between 28.16% and 178.56%. However, if the lower trend floor at 2.35 cents is broken, it may indicate a slower rate of rising or even a trend shift.

Three-Month and Twelve-Month Trends

Analyzing the three-month and twelve-month trends, we find that SoundHound AI is expected to experience a 4.28% change over the next 12 months. The potential return within this period ranges from -54.08% to 101.09%, indicating a price range of 1.12 cents to 4.93 after a year.

Daily Update - Volatile Ride

A recent daily update for SoundHound AI highlights its volatile ride in the stock market. On Wednesday, there was significant fluctuation in the stock price, ranging from 2.37 to 2.62 cents. The stock gained 5.15% during this trading day, rising from 2.33 to 2.45.

Volume and Price Analysis

Volume analysis reveals that the stock has fallen in five out of the last 10 days, with a decline of 31.94% during this period. Falling volume on higher prices indicates divergence and may serve as an early warning for potential changes in the coming days. The highest price of the stock in the past 52 weeks was 5.11, while the lowest price was 93 cents.

Analyst Ratings and Forecasts

Analysts have assigned a general neutral rating to SoundHound AI stock. The P/E ratio is considered a strong sell, and the price-to-book ratio is also rated as a strong sell. The return on investment is deemed a strong sell as well, indicating negative sentiment from analysts.

Day Trading Levels

For day traders, it is important to consider potential resistance and support levels. In an upward trend, the first resistance level for SoundHound AI is at 2.66 cents. If You already own shares, this level could be a consideration for swing trading. On the downside, the stock encounters its first support level at 2.42 cents, which could serve as a buying opportunity if the support holds.

Insider Trades

Recent insider trades for SoundHound AI include both buying and selling activities. Notable insider sells were conducted by Stonehocker Timothy, Global Catalyst Partners 3 LP, and A Mommy Magic. The overall evaluation of insider trades is negative, with more shares sold than purchased.

Evaluation and Outlook

Based on the analysis conducted, SoundHound AI exhibits several negative signals. In the next few days or weeks, we anticipate the stock to perform poorly despite the positive trend. Therefore, our evaluation of SoundHound AI is negative. However, it's important to note that trading involves a high risk of losing money, and it is recommended to consult with a financial advisor before making any investment decisions.

Conclusion

In conclusion, SoundHound AI is an interesting company in the field of artificial intelligence. However, its stock performance has been lackluster, with a recent decline. Analyst ratings are negative, and insider trades suggest caution. While day trading levels and potential buying opportunities exist, it is essential to consider the high risk associated with this stock. Investors should thoroughly analyze the available information and Seek professional advice before making any investment decisions.