Soun forecast

The forecast for SoundHound AI (SOUN) is mixed, with potential for both growth and cautionary notes from analysts and market trends.

1. **Analyst Ratings and Price Targets**: The consensus rating for SOUN is a Buy with an average price target of $7.67. This suggests that analysts are optimistic about the stock's future performance and expect it to appreciate in value.

2. **Technical Indicators**: The stock's technical indicators show a bearish sentiment with a MACD of -0.11, KDJ of 37.61, and RSI of 39.59. These indicators typically suggest that the stock may be oversold, which could indicate a potential for a rebound.

|Ticker|Name|RSI|MACD|KDJ|Boll|Date|code|market_code|
|---|---|---|---|---|---|---|---|---|
|SOUN.O|SoundHound AI|39.5904|-0.1142|37.6084|5.0190|20240802|SOUN|185|

3. **Moving Averages**: The 5-day, 10-day, and 50-day moving averages are $4.82, $4.85, and $4.69, respectively. The fact that the stock is currently trading below these averages could be seen as a bearish signal.

|Ticker|Name|50-Day Moving Average|5-Day Moving Average|10-Day Moving Average|Date|code|market_code|
|---|---|---|---|---|---|---|---|
|SOUN.O|SoundHound AI|4.6908|4.8200|4.8520|20240802|SOUN|185|

4. **Market Sentiment**: The sentiment around SOUN is bearish, with a predicted downside of 12.56% from the current price. This indicates that analysts and models are currently leaning towards a cautious outlook.

|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|

5. **Financial Performance**: The company has reported a net loss of $33.01 million and a diluted EPS of -$0.12. These figures indicate that the company is currently unprofitable, which could be a concern for investors.

In conclusion, while the analyst price target suggests potential for growth, the mixed financial performance and bearish market sentiment indicate a need for caution. Investors should consider these factors along with their own research and investment strategy before making a decision on SOUN.