SoundHound AI Inc (SOUN) stock has experienced a significant decrease of -37.40% over the past 12 months, causing investors to question whether they should hold onto their shares. Despite this decline, Wall Street analysts have given the stock an average rating of Strong Buy, indicating a sense of optimism surrounding its future performance.
InvestorsObserver’s proprietary ranking system has assigned SOUN stock a score of 53 out of 100, with the long-term technical score at 45 and the short-term technical score at 38, collectively contributing to the overall rank.
As of Wednesday, February 14, SOUN stock has shown an increase of 3.74%, outperforming the S&P 500, which has gained 0.75% during the same period. This positive movement has seen SOUN gain $0.09 from its previous closing price of $2.28, with a trading volume of 3,040,722 shares. However, it’s important to note that SOUN has incurred a loss of -$0.47 per share over the last 12 months, while the S&P 500 has experienced a gain of 20.65%.
Given these fluctuations, investors are advised to stay informed about the market news and movements. Subscribing to a daily morning update newsletter can help individuals stay updated on the need-to-know information.
