SoundHound AI Stock Is Down 70% From Its 52-Week High. Time to Buy?
SoundHound AI is a volatile stock again, closing in on 52-week lows.
Overview
SoundHound AI (NASDAQ: SOUN) stock spent the last year on a roller-coaster ride. Its rapidly rising revenue growth and high interest in agentic artificial intelligence (AI) took its stock to a peak of more than $21 per share last October.
However, a high valuation, along with massive losses and shareholder dilution, prompted investors to sell the tech stock. Consequently, it is down almost 70% from that peak after giving back all the gains the stock made since late 2024. Is that enough to make SoundHound AI stock a buy again? Let's take a closer look.
Image source: The Motley Fool.
Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.