SOUN SoundHound AI (NASDAQ) pre-market $10.90 23 Jan 2026: AI growth tests valuation
SoundHound AI’s SOUN stock trades at $10.90 pre-market on 23 Jan 2026, up 2.64% as investors weigh accelerating enterprise adoption against steep multiples. The company reports negative EPS of -0.90 and a market cap of $4,579,044,820.00, while revenue growth accelerated year-over-year. We examine the drivers behind the move, key metrics, technical signals, and what Meyka AI’s forecast implies for one-year upside.
SOUN stock snapshot and immediate drivers
SoundHound AI, Inc. (SOUN) on NASDAQ opened at $10.72 and is trading $10.90 pre-market with a day range $10.64–$10.93 and volume 20,580,138.00. The company shows a 52-week high of $22.17 and low of $6.52, a 50-day average price of $11.56 and a 200-day average of $12.36. Recent headlines cite faster enterprise adoption and investor interest as the catalyst for intraday strength MarketWatch.
SOUN stock earnings calendar and growth drivers
SoundHound AI is set to report next on 2026-02-26, with consensus estimates pointing to improving EPS trends and rising revenue. The company posted 84.62% revenue growth in the latest fiscal year and maintains heavy R&D spending at 63.21% of revenue, reflecting a product-led AI expansion. Analysts cite enterprise wins and Houndify integrations as the primary growth engines ahead of the quarter.
Valuation and key financial ratios for SOUN stock
Valuation is stretched: price-to-sales is 30.58, price-to-book is 10.95, EV-to-sales is 28.80, and trailing EPS is -0.90 with a negative PE shown as -12.11. The balance sheet shows healthy liquidity with a current ratio of 5.15 and cash per share 0.66, but free cash flow per share is negative -0.27, indicating continued investment. These exact metrics point to a growth-at-a-price tradeoff for SOUN stock.
Technical view and trading signals for SOUN stock
Technically, the stock shows neutral momentum: RSI 53.77, MACD histogram 0.22, ADX 18.64 indicating no strong trend, and Bollinger mid at $10.97. Average volume is 27,645,175.00 and current volume is 20,580,138.00, below average, suggesting lighter conviction. Short-term oscillators (CCI 180.01) signal overbought bursts, so traders should watch a break above $11.96 or a fail under $9.98 for directional confirmation.
Risks and opportunities shaping SOUN stock outlook
Opportunities include enterprise deal acceleration, expansion of voice AI use cases, and continuing revenue expansion. Risks include high valuation multiples, negative profitability, receivables days of 134.28, and execution on converting pilots to recurring ARR. Company-specific operational risk sits alongside sector volatility in AI software, which can amplify moves in SOUN stock.
Meyka grade and forecast for SOUN stock
Meyka AI rates SOUN with a score out of 100: 70.35 / B+ — BUY. This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus. Meyka AI’s forecast model projects a one-year price of $17.33, versus the current $10.90, implying an upside of 59.05%. Forecasts are model-based projections and not guarantees. Remember these grades are informational and are not financial advice.
Final Thoughts
Key takeaways for SOUN stock on 23 Jan 2026: the share price at $10.90 reflects positive investor reaction to enterprise adoption but sits against high valuation multiples. SoundHound shows strong revenue growth (84.62% FY), robust liquidity (current ratio 5.15), and heavy R&D investment (63.21% of revenue). Valuation metrics such as P/S 30.58 and P/B 10.95 demand that growth accelerates and pilots convert to recurring revenue. From a trading perspective, neutral technicals (RSI 53.77, MACD histogram 0.22) call for selective entries on confirmed breakouts or on weakness near the 50-day average $11.56. Meyka AI’s forecast model projects $17.33 in one year, implying ~59.05% upside from $10.90; forecasts are model-based projections and not guarantees. Investors should weigh enterprise momentum and upcoming earnings on 2026-02-26 against valuation risk and execution uncertainty. Meyka AI is an AI-powered market analysis platform providing data-driven views to help frame that decision.
FAQs
What drives today’s move in SOUN stock?
Today’s move reflects reported enterprise adoption headlines and investor interest in SoundHound’s voice AI offerings, combined with lighter volume versus the 50-day average and upcoming earnings on 2026-02-26.
Is SOUN stock fairly valued?
By classic metrics SOUN looks richly valued: P/S 30.58 and P/B 10.95. Fair value depends on sustained revenue growth and margin improvement, which the market will test in coming quarters.
What does Meyka AI forecast for SOUN stock?
Meyka AI’s forecast model projects a one-year price of $17.33, implying about 59.05% upside from $10.90. Forecasts are model-based projections and not guarantees.
What are the top risks for SoundHound investors?
Top risks include high valuation multiples, negative free cash flow, long receivables days (134.28), and execution risk converting pilots to recurring revenue in a volatile AI software sector.
Disclaimer:
Stock markets involve risks. This content is for informational purposes only. Past performance does not guarantee future results. Meyka AI PTY LTD provides market analysis and data insights, not financial advice. Always conduct your own research and consider consulting a licensed financial advisor.
