Stock Track | SoundHound AI (SOUN) Plummets 5.17% as Valuation Concerns Emerge

Stock Track
2024-12-23

SoundHound AI Inc. (SOUN) plummeted 5.17% on Monday amid concerns over its lofty valuation and lack of profitability despite rapid revenue growth.

The voice AI technology company has seen its stock soar over 900% in the past year, driven by strong demand for its AI-enabled speech recognition services. However, some analysts warn that SoundHound AI's current market capitalization of $8.05 billion is trading at nosebleed valuations, nearly 50 times its projected 2025 revenue.

While SoundHound AI is expected to continue posting impressive revenue growth of 79%-85% in 2024 and 86%-110% in 2025, the company remains unprofitable and has been increasing its outstanding shares through secondary offerings and stock-based compensation. This has raised concerns that the stock could face a significant correction if SoundHound AI fails to meet its own lofty expectations.

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10