$SoundHound AI Inc(SOUN)$ if SoundHound can convert a chunk of its backlog into revenue, this rich valuation ratio will go down. However, that's if the stock price doesn't rise, and any huge news like that would undoubtedly send the stock higher.
Therefore, it's unlikely the stock will get significantly cheaper from its current levels. So, if investors are interested in SoundHound stock, they should remember that it probably will be very volatile.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments