SoundHound AI Inc SOUN shares are buying and selling decrease by 12.9% to $18.16 throughout Thursday’s session. The inventory could also be experiencing a pullback attributable to profit-taking after a 47% surge over the previous week and a outstanding 213% acquire over the previous month, pushed by key enterprise updates.
What To Know: SoundHound develops conversational AI utilizing pure language processing (NLP) and enormous language fashions. Its options improve buyer experiences and operations in sectors like healthcare and quick-service eating places.
The corporate’s Amelia Conversational AI Platform was acknowledged as a frontrunner in Frost & Sullivan’s 2024 Frost Radar for Healthcare AI. Analysts praised its revolutionary use of NLP for enhancing affected person engagement and administrative processes. SoundHound says the corporate’s acquisition of Amelia strengthens its place in a healthcare AI market projected to succeed in $2.34 billion by 2027.
SoundHound additionally just lately partnered with Church’s Texas Rooster to implement voice AI in drive-thru operations, showcasing its increasing business purposes.
“Integrating our expertise into Church’s Texas Rooster eating places marks a major milestone in drive-thru innovation,” mentioned James Hom, Chief Product Officer at SoundHound AI.
Learn Additionally: SoundHound AI Soars Over 700%: Quick Squeeze Potential Has Merchants Speaking
How To Purchase SOUN Inventory
By now you are probably inquisitive about take part out there for SoundHound AI – be it to buy shares, and even try to guess in opposition to the corporate.
Shopping for shares is usually completed by means of a brokerage account. You will discover an inventory of attainable buying and selling platforms right here. Many will can help you purchase ‘fractional shares,’ which lets you personal parts of inventory with out shopping for a complete share. For instance, some inventory, like Berkshire Hathaway, can price hundreds of {dollars} to personal only one share. Nonetheless, when you solely need to make investments a fraction of that, brokerages will enable you to take action.
Within the the case of SoundHound AI, which is buying and selling at $20.7 as of publishing time, $100 would purchase you 4.83 shares of inventory.
If you happen to’re trying to guess in opposition to an organization, the method is extra advanced. You may want entry to an choices buying and selling platform, or a dealer who will can help you ‘go quick’ a share of inventory by lending you the shares to promote. The method of shorting a inventory might be discovered at this useful resource. In any other case, in case your dealer permits you to commerce choices, you may both purchase a put choice, or promote a name choice at a strike value above the place shares are at the moment buying and selling – both manner it permits you to revenue off of the share value decline.
In accordance with knowledge from Benzinga Professional, SOUN has a 52-week excessive of $24.08 and a 52-week low of $1.62.
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