SoundHound AI (NASDAQ:SOUNW) Shares Up 4.7% – Should You Buy?

SoundHound AI, Inc. (NASDAQ:SOUNW)’s stock price was up 4.7% during mid-day trading on Thursday . The stock traded as high as $3.19 and last traded at $3.04. Approximately 10,533 shares were traded during trading, a decline of 91% from the average daily volume of 113,844 shares. The stock had previously closed at $2.90.

SoundHound AI Stock Up 4.7 %

The business has a 50 day simple moving average of $4.20 and a two-hundred day simple moving average of $5.34.

Institutional Inflows and Outflows

An institutional investor recently raised its position in SoundHound AI stock. Jane Street Group LLC boosted its stake in SoundHound AI, Inc. (NASDAQ:SOUNW) by 13.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 79,155 shares of the company’s stock after purchasing an additional 9,174 shares during the period. Jane Street Group LLC’s holdings in SoundHound AI were worth $915,000 at the end of the most recent reporting period.

SoundHound AI Company Profile

SoundHound AI, Inc develops independent voice artificial intelligence (AI) solutions that enables businesses across automotive, TV, and IoT, and to customer service industries to deliver high-quality conversational experiences to their customers. Its products include Houndify platform that offers a suite of Houndify tools to help brands build conversational voice assistants, such as Application Programming Interfaces (API) for text and voice queries, support for custom commands, extensive library of content domains, inclusive software development kit platforms, collaboration capabilities, diagnostic tools, and built-in analytics; SoundHound Chat AI that integrates with knowledge domains, pulling real-time data like weather, sports, stocks, flight status, and restaurants; and SoundHound Smart Answering is built to offer customer establishments custom AI-powered voice assistant.