A Closer Look at SoundHound AI's Options Market Dynamics
Portfolio Pulse from Benzinga Insights
Financial analysis reveals a bearish sentiment in the options market for SoundHound AI (NASDAQ:SOUN), with 60% of traders favoring puts over calls. The options trading activity indicates a price target range between $2.5 and $11.0. SoundHound AI's stock is currently down by -1.67% at $5.29, with RSI indicators suggesting it may be approaching overbought territory. Analyst ratings vary, with Cantor Fitzgerald rating it Underweight with a $4 target, while DA Davidson maintains a Buy rating with a $9 target.
April 03, 2024 | 6:46 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Bearish options trading sentiment and analyst ratings suggest mixed outlook for SoundHound AI. Stock price currently at $5.29 with potential overbought signals.
The bearish sentiment in the options market, combined with the current stock price decline and mixed analyst ratings, creates uncertainty. The stock's potential overbought status based on RSI indicators further complicates the short-term outlook, making it difficult to predict a clear direction.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 100