Is sound hound stock good for a longterm investment?

**SoundHound AI, Inc. (SOUN) does not appear to be a strong candidate for long-term investment**. Here's why:

1. **Financial Performance**: SoundHound has reported a net loss of $33.01 million and a diluted EPS of -$0.12 for the quarter ending March 31, 2024. The company's net income has decreased by 20.34% year-on-year, while revenue has increased by 72.86%. This indicates that the company is currently experiencing significant losses despite strong revenue growth, which is not a favorable sign for long-term investment.

|Ticker|Name|Total Revenue|Net Income|Diluted EPS|Date|code|market_code|
|---|---|---|---|---|---|---|---|
|SOUN.O|SoundHound AI|1.1594E7|-3.3009E7|-0.12|2024 Q1|SOUN|185|

|Ticker|Name|Net Income year-on-year growth rate|Total Revenue year-on-year growth rate|Diluted EPS QoQ growth rate|Date|code|market_code|
|---|---|---|---|---|---|---|---|
|SOUN.O|SoundHound AI|-20.339044841414513|72.86417176084687||20240331|SOUN|185|

2. **Stock Analysts' Ratings and Price Targets**: The consensus rating for SoundHound is "Buy" with an average price target of $7.67. However, it's important to note that price targets are based on projections and can be influenced by market sentiment.

3. **Technical Indicators**: The stock's 5-day, 10-day, and 20-day moving averages are very close to each other, indicating a lack of momentum and a sideways trend. Additionally, the stock has experienced significant volatility, with a high risk profile as indicated by the Bollinger Band.

|Ticker|Name|5-Day Moving Average|20-Day Moving Average|10-Day Moving Average|Date|code|market_code|
|---|---|---|---|---|---|---|---|
|SOUN.O|SoundHound AI|4.9540|4.9610|4.9170|20240731|SOUN|185|

4. **Fund Flow**: There has been a net outflow of funds, with a significant amount of $-46,713.7 on the day ending July 30, 2024. This could be a sign of investor skepticism or potential selling pressure.

|Ticker|Name|Net Fund Flow|Net Fund Flow (Extra-large Order)|Net Fund Flow (Block Order)|Date|code|market_code|
|---|---|---|---|---|---|---|---|
|SOUN.O|SoundHound AI|-46713.7||2161481.6|20240730|SOUN|185|
|SOUN.O|SoundHound AI||||20240731|SOUN|185|

5. **Strategic Positioning and Market Potential**: While SoundHound operates in the AI space, which is currently a hot sector, the company's business model and strategic positioning do not appear to be sufficiently clear or differentiated to ensure long-term success.

In conclusion, while SoundHound AI has potential in the AI space, the company's current financial performance, lack of profitability, and negative fund flow suggest that it is not a good candidate for long-term investment. Investors should exercise caution and consider these factors before making any investment decisions.