SoundHound AI (NASDAQ:SOUNW) Trading Down 2% – Here’s Why

SoundHound AI, Inc. (NASDAQ:SOUNWGet Free Report)’s share price was down 2% during trading on Thursday . The company traded as low as $7.96 and last traded at $8.29. Approximately 60,392 shares traded hands during trading, a decline of 63% from the average daily volume of 161,741 shares. The stock had previously closed at $8.46.

SoundHound AI Trading Down 3.9 %

The company has a fifty day moving average price of $9.23 and a 200-day moving average price of $4.55.

SoundHound AI Company Profile

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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.

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