SoundHound AI, Inc. (SOUN) Stock Forecast & Price Prediction 2024, 2025, 2030, 2040, and 2050
Get detailed SoundHound AI, Inc. (SOUN) stock forecast for 2024, monthly, along with long-term SOUN price prediction from 2025 to 2050. Look at historical stock performance, analyst recommendations (Buy, Sell, or Hold), and the latest SoundHound AI, Inc. headlines.
1 Month Prediction
$6.79 [0.00%]
3 Month Prediction
$12.50 [84.04%]
6 Month Prediction
$10.40 [53.09%]
1 Year Prediction
$10.79 [58.80%]
3 Year Prediction
$19.33 [184.58%]
5 Year Prediction
$27.87 [310.35%]
SoundHound AI, Inc. (SOUN) Historical Performance
IPO Date
SoundHound AI, Inc. (NGM:SOUN) went public on 28 April, 2022.
Change
Since inception, SOUN has risen from $1.77 to $6.79, a massive 283.74% increase since 2022.
Historical Highs and Lows
In the past 2 years, the stock reached a high of $7.42 and a low of $1.59.
52 Week Range
$1.61
$10.25
The current price $6.79 is not near the 52-week extremes, which means that the stock is neither overbought nor underbought.
SOUN Stock Price History
Based on SOUN stock's historical price data, this table shows how the stock has performed in the last 2 years. Since 2022, the SOUN stock has risen from $1.59 - $4.55 to $1.66 - $7.42, which is up 54.41%. Currently, the stock follows upward trend.
Here, we have calculated stock range of SOUN, indicating the highs and lows for each year, the average price based on the daily closing prices each year, and the change% from the average price.
| Year | Stock Price | Avg Price | Change% | Year Change |
|---|---|---|---|---|
| 2023 | $1.59 - $4.55 | $2.56 | -20.47 | 1 Year Change |
| 2024 | $1.66 - $7.42 | $4.97 | 54.41 | 2 Year Change |
SOUN Price Performance
6-Month Performance
SOUN stock jumped by 71.95% in the last six months.
1-Year Performance
The stock has trended upwards by 220.39% in the past year.
5-Year Performance
In the last 5 years, the stock has gone down by 11.56%.
According to SoundHound AI, Inc.'s historical data, below graph gives us the exact picture of how the SOUN stock has performed year-over-year. Here, Each bar on the graph represents a particular year that illustrates how the stock's price changed from one year to the next.
YoY Performance
In the last five years, the stock has shown positive growth in 1 year and a decline in 0 year.
2023
19.77% ↑
NOTE: Green bars indicate that the stock has risen compared to the previous year, while red bars show that the stock has fallen.
SoundHound AI, Inc. (SOUN) Financials & Stock Analysis
Total Revenue
Quarterly Revenue: $13.46 M (Q2)
Revenue for Q2 ending 30th June, 2024 increased 16.11% compared to Q1 ending 31st March, 2024.
Annual Revenue: $55.47 M (1Y)
Revenue for trailing 12 months increased 20.92% year over year from 31st December, 2023.
If compared to the last 4 years, the revenue has gone up from $13.02 million to $55.47 million, a 326.14% change.
Market Capitalization
SoundHound AI, Inc. has a market capitalization of $2.44B, which places SOUN in the mid-cap category.
Fundamental Analysis
EPS: $-0.11 (Q2), $-0.40 (1Y)
EPS decreased 8.33% since last quarter, and decreased 45.95% since last year.
Net Income: $-37.32 M (Q2), $-88.94 M (1Y)
Net Income increased 13.07% since last quarter, and decreased 23.80% since last year.
Free Cash Flow: $-18.73 M (Q2), $-68.66 M (1Y)
Free Cash Flow decreased 15.05% since last quarter, and decreased 27.99% since last year.
Net Profit Margin: -277.24% (Q2), -160.33% (1Y)
Net Profit Margin decreased 2.62% since last quarter, and decreased 36.98% since last year.
Below, we have listed 12 key indicators for Fundamental analysis for SOUN stock. These indicators help you understand SoundHound AI, Inc.'s financial health, earnings and growth potential, and make a decision if the stock is a good long-term investment or not.
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Technical Analysis
Here, we have listed 5 key indicators for Technical Analysis for SOUN stock. These indicators help investors study past price movements and trading volumes to forecast future price changes, and find the right time when to buy, sell or hold the stock.
| Technical Indicators | Value |
|---|---|
| SMA20 | $5.51 |
| SMA50 | $5.05 |
| SMA200 | $4.82 |
| RSI | 63.97 |
| Beta | 3.04 |
SMA20 < Current Price
This signals SOUN stock is in short-term bullish momentum.
SMA50 < Current Price
This signals SOUN stock is in mid-term bullish momentum.
SMA200 < Current Price
This signals SOUN stock is in long-term bullish momentum.
Sentiment Based on Technical Analysis
Based on 8 technical analysis indicators, the overall sentiment for SOUN stock is Bullish. Out of all indicators, 4 indicates bullish signals, 3 signals bearish trends and 2 gives neutral trends. The SOUN stock forecast was last updated on 08 November, 2024.
SoundHound AI, Inc. (SOUN) Stock Price Prediction and Forecast
According to short-term forecast, the stock is expected to rise to $6.79 by the end of 2024, and can reach around $9.66 to $24.22 in 2025. And, the long-term forecast suggests that the stock may further drop to $17.19 - $18.43 in 2027, and $26.39 - $25.81 by 2030. So, the SOUN stock shows a strong upward trend in the next several years.
Short-term SOUN Stock Price Prediction & Forecast
| Date | Forecasted Price | Change% |
|---|---|---|
| 2024-12 | $6.79 | -0.03% |
In 2024, the SOUN stock price is expected to fluctuate between $6.79 and $6.79. According to the monthly forecast, the stock could drop to $6.79 by December 2024. If compared to the SOUN's current price, the stock could lose -0.03% by the end of this year.
Long-term SOUN Stock Price Prediction & Forecast
| Year | Year Start | Year Mid | Year End | Change% |
|---|---|---|---|---|
| 2025 | $9.66 | $9.62 | $24.22 | 256.59% |
| 2026 | $15.96 | $17.88 | $16.55 | 143.66% |
| 2027 | $17.19 | $27.72 | $18.43 | 171.34% |
| 2028 | $55.53 | $7.69 | $2.24 | -67.02% |
| 2029 | $25.17 | $5.23 | $42.64 | 527.78% |
| 2030 | $26.39 | $-11.82 | $25.81 | 279.99% |
| 2031 | $-6.61 | $50.83 | $42.26 | 522.18% |
| 2032 | $7.79 | $34.20 | $41.47 | 510.55% |
| 2033 | $102.69 | $5.28 | $67.98 | 900.85% |
| 2034 | $-23.05 | $52.04 | $106.37 | 1466.06% |
| 2035 | $15.66 | $24.81 | $59.47 | 775.56% |
| 2036 | $18.38 | $38.68 | $58.53 | 761.72% |
| 2037 | $-4.97 | $38.20 | $92.45 | 1261.12% |
| 2038 | $69.44 | $96.96 | $80.16 | 1080.18% |
| 2039 | $103.96 | $61.82 | $30.61 | 350.66% |
| 2040 | $19.24 | $65.49 | $138.05 | 1932.48% |
| 2041 | $68.91 | $51.01 | $24.90 | 266.6% |
| 2042 | $58.80 | $85.80 | $53.41 | 686.34% |
| 2043 | $-64.23 | $166.28 | $113.08 | 1564.85% |
| 2044 | $149.12 | $-35.23 | $75.44 | 1010.69% |
| 2045 | $-25.81 | $65.46 | $181.12 | 2566.59% |
| 2046 | $138.16 | $262.87 | $125.96 | 1754.48% |
| 2047 | $137.01 | $62.59 | $-55.20 | -912.7% |
| 2048 | $28.90 | $61.84 | $181.06 | 2565.7% |
| 2049 | $130.49 | $37.40 | $7.98 | 17.49% |
| 2050 | $357.07 | $139.52 | $126.33 | 1759.93% |
SoundHound AI, Inc. (SOUN) Stock Price Prediction & Forecast 2024 - 2025
At the start of 2024, the SOUN stock was at $1.66. Today, it is trading at $6.79, which is 309.17% increase from price at the beginning of the year. By the end of this year, you can expect the stock to fall to by December 2024 with a -0.03% change.
In early 2025, the SOUN price is expected to climb from $6.79 to $9.66, a change of 42.28% from the current price. By mid-2025, the stock may move down by -0.41% on $9.62 and end the year at $24.22, which is 256.59% compared to today's price.
SoundHound AI, Inc. (SOUN) Stock Price Prediction & Forecast 2026 - 2030
In the next five years, there will be a significant appreciation in the SOUN stock. During this period, the SOUN's price is forecasted to shift from $15.96 to $25.81, which is 61.72% gain.
In 2026, the stock would possibly open at $15.96, escalates to $17.88 by mid-year, and wraps up at $16.55, reflecting a 143.68% increase from today's price. Further moving to 2030, the stock can kick off the year at $26.39, soar to $-11.82 by mid-year, and finish at $25.81, which is 279.95% change from current price.
SoundHound AI, Inc. (SOUN) Stock Price Prediction & Forecast 2031 - 2040
During this period, the stock would move from $-6.61 to $138.05, which is down 522.16%
In 2031, we can expect SOUN to fluctuate between $42.26 and $-6.61, a shift indicating a 522.16% gain by year-end compared to current price. And Until 2040, SOUN can likely vary from $19.24 to $138.05. By the end of 2040, the stock could record a 1932.52% rise from today's stock price.
SoundHound AI, Inc. (SOUN) Stock Price Prediction & Forecast 2041 - 2050
According to long-term forecast, the SOUN stock can see an an upturn from $68.91 to $126.33 in this period. In 2041, the stock can experience a low of $51.01 by mid-year, closing the year at $24.90. This results in a 651.01% increase from today.
Moving towards the end of 2050, SOUN is projected to open the year at $357.07. The stock may dip to $139.52 during mid-year and finish the year at $126.33. Compared to the stock's current price, this translates to an overall gain of 1759.99% by 2050.
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SOUN : Buy, Sell Or Hold?
Analyst Ratings
Sorry, No analyst ratings available for this stock.Expert Analysis
According to SOUN short-term and long-term forecast, SoundHound AI, Inc. shares are projected to go up by 1759.93%, and reach a value of $126.33 per share by 2050.
As per technical analysis, indicators show a Bullish sentiment, while Fear & Greed Index stands at 71.42857142857143, which signals Greed. Also, SOUN has recorded 11/30 green days, which reflects a 50.0% positivity rate with a price volatility of 0.06%.
Plus, Price-to-Earnings (P/E) ratio of 0 suggests that SOUN stock is undervalued. So, Based on SOUN prediction and analysis, it may be the best time to hold SOUN stock right now.
Disclaimer: Stock predictions, forecasts and price targets provided for "SOUN” are solely for informational and educational purposes and should not be treated as investment or financial advice. Always conduct your own research or consider consulting with a financial advisor before making any investment decisions.