SoundHound AI Stock Is Down 70% From Its 52-Week High. Time to Buy?

SoundHound AI stock has plummeted 70% from its $21 peak in October 2025, despite strong revenue growth. While the P/S ratio of 14 is more attractive than previous peaks exceeding 100, the company faces significant headwinds: it has never been profitable, continues to dilute shareholders (68% share increase since early 2024), and revenue growth is decelerating from 52% to projected 38% this year. Analysts suggest the stock is more likely to stagnate or fall further than recover.