Published on 23 Feb 2024 on Zacks via Yahoo Finance
Is Trending Stock SoundHound AI, Inc. (SOUN) a Buy Now?
SoundHound AI, Inc. (SOUN) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.
Shares of this company have returned +113.4% over the past month versus the Zacks S&P 500 composite's +5% change. The Zacks Computers - IT Services industry, to which SoundHound AI, Inc. belongs, has gained 2.3% over this period. Now the key question is: Where could the stock be headed in the near term?
While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.