From The Motley Fool · David Jagielski, CPA · · 50s
SoundHound AI Stock Cheap? Time to Buy?
SoundHound AI stock hasn't been this cheap in over 2 years. Is now the time to buy?
In brief
SoundHound AI stock hasn't been this cheap in over 2 years. Is now the time to buy? SoundHound AI stock has dropped 75% in 12 months but faces cash burn and no clear path to profitability. Originally reported by The Motley Fool.
SoundHound AI stock price
SoundHound AI stock has dropped 75% in 12 months, down from $19.09 to $4.43.
Recent stock performance
The stock last traded at these levels in September 2024 after Nvidia's investment.
Financials
SoundHound reported $61.9 million revenue but an operating loss of $43.3 million.
Cash burn
The company burned $60 million in cash over two quarters, up from $43.7 million a year ago.
Investor outlook
Without a clear path to profitability, SoundHound stock may continue to decline.
The essence
SoundHound AI stock has dropped 75% in 12 months but faces cash burn and no clear path to profitability.
