Shares of SoundHound AI Inc. (NASDAQ: SOUN) are trading lower in the early afternoon on Tuesday, May 28th, with the stock price at $10.70 USD as of 12:25 pm GMT-4. This reflects an intraday decrease of $0.41, or 3.73%, as the voice AI and speech recognition company navigates current market conditions.
SoundHound AI began the trading day at $11.13, slightly above its previous close of $11.12. The stock reached an intraday high of $11.14 shortly after the open but has since seen selling pressure, pushing it down to an intraday low of $10.57. The current price indicates the stock is trading off its daily lows but remains firmly in negative territory.
The intraday chart for SoundHound AI shows an initial sharp drop after the market opened, followed by a period of choppy trading, mostly hovering below the $10.80 mark before settling around its current level. Investors in the AI and tech sectors are likely watching this movement closely.
Key financial details for SoundHound AI include a market capitalization of 429.46Cr. Similar to many growth-focused technology companies, SoundHound AI does not currently have a reported P/E ratio or offer a dividend yield as it likely reinvests capital into development and expansion.
Over the past year, SoundHound AI’s stock has experienced significant volatility, with a 52-week high of $24.98 and a 52-week low of $3.82. Today’s price places the stock well below its annual peak but considerably above its yearly low. The ongoing performance will be influenced by developments in the AI industry, company-specific news, and broader market sentiment.
