SOUN (SoundHound AI, NASDAQ) pre-market $6.89 on 24 Mar 2026: watch earnings catalyst

SOUN stock opened pre-market at USD 6.89 on 24 Mar 2026 after a mid-day bounce of 5.19%. SoundHound AI, Inc. (SOUN) trades on the NASDAQ in the United States and shows heavy volume at 23,129,158 shares traded. Investors will watch the May 7, 2026 earnings date as a near-term catalyst. The AI voice specialist reported revenue growth and a negative EPS trend, so traders should weigh growth metrics against elevated valuation multiples and short interest.

SOUN stock: market snapshot and trading data

SOUN stock trades at USD 6.89 with a one-day gain of 5.19% and a day range of USD 6.61 to USD 6.94. Market capitalization is USD 2.91 billion and shares outstanding are 422,814,211. Volume today is 23,129,158 versus a 20-day average volume of 29,674,834. The 50-day average price is USD 8.76 and the 200-day average price is USD 12.14 on the NASDAQ in the United States.

SOUN stock news and catalysts

Recent product news highlights SoundHound’s new Sales Assist Agent and renewed focus on agentic voice AI as a commercial push. Analysts have price targets ranging from USD 9.00 to USD 20.00, with a MarketBeat average target of USD 14.93. For source detail see MarketBeat and StockAnalysis reporting: MarketBeat coverage and StockAnalysis statistics.

SOUN stock: financials and valuation metrics

SoundHound AI reported trailing twelve-month revenue of USD 168.92 million and a net loss of USD 14.01 million. EPS is negative at USD -0.28 and the trailing P/E reads negative at -24.61. Price to sales is 17.28 and price to book is 6.22. The company holds USD 248.49 million in cash and carries USD 4.36 million in debt for a net cash position of USD 244.13 million.

SOUN stock technicals and trading indicators

Momentum indicators show RSI at 37.09 and MACD histogram slightly negative at -0.08, signaling the name is near oversold readings. Bollinger middle band sits at USD 7.89 with a lower band at USD 6.61. Short interest is elevated at 127.51 million shares, equal to 30.16% of shares outstanding, and the short ratio is 4.66 days. Traders should note beta is 2.88, indicating higher volatility vs the market.

Meyka AI grade and analyst price targets for SOUN stock

Meyka AI rates SOUN with a score out of 100: the model score is 69.76, grade B, suggestion HOLD. This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus. Analyst targets show a conservative range near USD 9.00, a base target near USD 14.00, and a bull case of USD 20.00, with an average target USD 14.93.

SOUN stock risks and opportunities

Opportunity: SoundHound’s voice AI platform can scale across automotive, TV, and customer-service use cases, driving recurring revenue. Risk: operating losses, negative EPS, and a high price to sales multiple increase execution risk. Additional risk stems from elevated short interest and share dilution pressure, since shares outstanding rose by 19.78% year over year.

Final Thoughts

Key takeaways for SOUN stock: SoundHound AI trades at USD 6.89 on NASDAQ and shows both growth and execution risk. Revenue grew year over year, but EPS remains negative at USD -0.28 and valuation metrics are rich, with price to sales near 17.28. Analyst coverage is mixed, with targets from USD 9.00 to USD 20.00 and an average of USD 14.93. Meyka AI’s forecast model projects a one-year figure of USD 19.16, implying an upside of +178.09% versus the current price of USD 6.89. Forecasts are model-based projections and not guarantees. Investors should weigh the May 7, 2026 earnings release, product traction in voice AI, and the company’s net cash position of USD 244.13 million when sizing exposure. As an AI-powered market analysis platform, Meyka AI highlights the balance between high upside potential and short-term volatility for this AI stocks strategy.

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Stock markets involve risks. This content is for informational purposes only. Past performance does not guarantee future results. Meyka AI PTY LTD provides market analysis and data insights, not financial advice. Always conduct your own research and consider consulting a licensed financial advisor.