Is SoundHound AI Stock's 14.43X P/S Still Worth It: Buy, Sell or Hold?
SoundHound AI(SOUN) ZACKS·2024-11-20 02:16
SoundHound AI (SOUN) shares are overvalued, as the Value Score of F suggests.SOUN shares are trading at a significant premium compared to the Zacks Computer & Technology sector. Its 12-month Price/Sales (P/S) of 14.43X is higher than the broader sector’s 6.13X, and the Zacks Computers - IT Services Industry’s 10.9X.SOUN shares are also trading at a premium compared with AI peers, C3.ai (AI) and BigBear.ai (BBAI) . Shares of AI and BBAI are currently trading at P/S of 7.84X and 2.31X, respectively.Is SoundHo ...