Why is SOUN stock down?

SOUN fell 6.1% over five trading days, closing at $4.43 on Oct. 23, 2026. A drop like this raises one question: is the problem the company or the whole group it trades with?

We answer that by comparing SOUN with its closest peers and checking the calendar for earnings and Fed dates. We also review Soundhound AI, Inc.'s latest SEC filings and insider trades.

The chart below tracks SOUN's daily closing price from April 29, 2026 to Oct. 23, 2026. Over that stretch it is down 42.5%, from $7.71 to $4.43, with a high of $9.63 on May 7, 2026 and a low of $4.43 on Oct. 23, 2026. Each red circle marks a week in which company insiders sold shares on the open market (3 weeks in this period; bigger circles mean more money). There are no green diamonds: no insider bought on the open market in this window.

SOUN vs peers this week

The table below compares SOUN with its peers this week. Over 5 days, PLTR did best (+5.8%) and SOUN worst (-6.1%).

What could be behind the SOUN move

Earnings are due on Nov. 5, 2026, in 12 days. Stocks often move ahead of reports.

The broader market shows a calm uptrend, with the VIX volatility index at 19.03. The Federal Reserve's next rate decision is on Oct. 28, 2026, 4 days away. Market pricing puts the odds at 91% for a hold, 8% for a hike and 1% for a cut.

Also worth knowing about SOUN

Live SOUN data, updated every 30 minutes: SOUN insider trades, ownership and filings →

In Soundhound AI, Inc.'s own words

“Our exceptional Q2 results demonstrate the momentum SoundHound is building, achieving a strong revenue performance, disciplined cost management, and industry-leading platform validation”

— Keyvan Mohajer, CEO and Co-Founder of SoundHound AI · SEC filing

From the company's earnings release filed with the SEC on 2026-08-05 (Form 8-K).

What would change the picture for SOUN

These are the specific events and levels to watch. None of them is a prediction.

• The Nov. 5, 2026 earnings report is 12 days away. Soundhound AI, Inc. beat estimates in 2 of the last 4 quarters, with an average surprise of +5.1%. A miss would break that pattern.
• Insider buying on the open market: none in 90 days. A purchase by an executive or director would be the first in at least three months. It would show up on SEC Form 4 within two business days.
• Analyst ratings: the average score moved from 4.07 to 4.07 over three months. The scale runs from 5 for strong buy to 1 for strong sell. A run of downgrades after earnings usually shows up here first.
• Price levels: a close above $18.33 would be a new 52-week high, 313.8% above the latest close of $4.43. A close below $4.43 would be a new 52-week low, 0% below it.
• Growth: revenue rose 54.6% year over year in the quarter ending Jun 2026. The trend is slowing.
• New shares: dilution risk is high now. A new shelf registration (S-3) or prospectus supplement (424B) for an offering would raise it.

How SOUN compares with its peers

Over the past month, SOUN ranks 4 of 4 in this group at -27.4%. AI was best at +15.8%, and SOUN was weakest at -27.4%.

A dash in the P/E column means the company lost money over the last 12 months. It has no P/E.

SOUN history: what happened after similar moves

Since 2023, SOUN fell 27.4% or more in a month 7 times (separate episodes, not counting the current one). Three months later it was higher in 3 of 7 cases; the median change was -9.7%.

Past moves don't predict the next one; they show how volatile the stock has been.

Questions people also ask

What is SOUN's 52-week high and low?

Over the past year, SOUN closed as high as $18.33 and as low as $4.43. At $4.43 on Oct. 23, 2026, it is down 75.8% from the high and 0.0% above the low.

Do analysts think SOUN is a buy?

12 of the 15 analysts who cover Soundhound AI, Inc. rate it a buy or strong buy, for a consensus of Buy. Ratings describe analysts' views, not a guarantee, and they change after earnings.

Is Soundhound AI, Inc. profitable?

Over the last 12 months, Soundhound AI, Inc. had $203.2 million of revenue but a net loss. The net margin was -67.5%.

Does SOUN pay a dividend?

Soundhound AI, Inc. reported no dividend payments over the last 12 months in its SEC filings.

Are SOUN insiders buying or selling?

Insiders sold $1.8 million of SOUN on the open market in 90 days and bought none. Sales are often routine, for taxes, diversification or pre-planned plans. Purchases with their own money are the stronger signal.

Is Soundhound AI, Inc. issuing new shares?

Dilution risk reads high at 55/100. That is based on 5 offering-related filing(s) in 12 months.

Dates to watch for SOUN

Insider trades can come any day: they must be filed on Form 4 within two business days.

Key terms on this page

P/E ratio

Price divided by the last 12 months of earnings per share. A P/E of 20 means investors pay $20 for each $1 of yearly profit. It is only defined when the company is profitable.

Form 4

The SEC form a company's officers, directors and 10% owners must file within two business days of buying or selling its stock.

Open-market trade

A purchase or sale on the exchange at the market price, paid with the insider's own money (code P or S on Form 4), as opposed to option exercises, grants or gifts.

Dilution

When a company issues new shares, each existing share owns a smaller piece of the company. Common sources: stock offerings, convertible debt and large stock-based pay.

Form 8-K

The SEC form for material events between quarterly reports: earnings releases, deals, executive changes, stock offerings and similar news.

52-week high / low

The highest and lowest daily closing price over the past year (about 252 trading days).

Analyst consensus

The average of Wall Street analysts' ratings (strong buy to strong sell). Analysts skew positive, so a hold is often read as a cautious view.

Where these numbers come from

Every number on this page is computed from the data when the page is refreshed (usually daily); nothing is typed in by hand. This is information, not investment advice.

• Price: daily closing prices run through Oct. 23, 2026. Changes use 5, 21 and 63 trading days. The 52-week range uses the last 252 closes.
• Insider trades: SEC Form 4 filings cover the last 90 days. Only open-market purchases (code P) and sales (code S) count. Option exercises, grants, gifts and filings with data errors are left out.
• Analyst ratings: counts of current ratings from 15 analysts, compared with three months ago.
• Earnings dates and estimates: a market-data calendar shows reported versus expected EPS for the last 4 quarters.
• Valuation and growth: revenue, earnings, margins and share counts come from the company's SEC filings, using XBRL data, latest quarter Jun 2026. P/E and price/sales use the latest close.
• Fund ownership: SEC Form 13F filings cover Q2 2026.
• Dilution: share-count changes and offering-related SEC filings (shelf registrations, prospectus supplements, convertible notes) cover two years and are scored 0-100.
• History: 21-trading-day moves span about three years of daily closes, counted once per episode.