SoundHound AI, Inc Class A ( (SOUN) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
SoundHound AI, Inc Class A stocks have seen a surge in investor interest, driven by a bullish option flow with 20,250 calls trading at 1.6 times the expected volume. This activity has pushed the implied volatility up to 103.72%, signaling heightened market anticipation ahead of the upcoming earnings report on May 8th. The strong bullish sentiment is further emphasized by a Put/Call Ratio of 0.19. Despite this optimism, DA Davidson has lowered the price target from $13 to $10, citing broader market conditions and external factors like tariffs as reasons for the adjustment. Nonetheless, some analysts remain optimistic about SoundHound’s potential for growth, especially as part of the Russell 2000 index.
More about SoundHound AI, Inc Class A
YTD Price Performance: -54.61%
Average Trading Volume: 33,886,590
Technical Sentiment Signal: Sell
Current Market Cap: $3.67B
For further insights into SOUN stock on TipRanks’ Stock Analysis page.
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