SOUN vs. MGIC, GDYN, CCSI, MTLS, VTEX, WKME, DOMO, WEAV, SCWX, and SEAC
Should you be buying SoundHound AI stock or one of its competitors? The main competitors of SoundHound AI include Magic Software Enterprises (MGIC), Grid Dynamics (GDYN), Consensus Cloud Solutions (CCSI), Materialise (MTLS), VTEX (VTEX), WalkMe (WKME), Domo (DOMO), Weave Communications (WEAV), SecureWorks (SCWX), and SeaChange International (SEAC). These companies are all part of the "prepackaged software" industry.
SoundHound AI vs.
SoundHound AI (NASDAQ:SOUN) and Magic Software Enterprises (NASDAQ:MGIC) are both small-cap computer and technology companies, but which is the better business? We will compare the two businesses based on the strength of their analyst recommendations, profitability, valuation, institutional ownership, earnings, media sentiment, risk, community ranking and dividends.
Magic Software Enterprises has a net margin of 7.21% compared to SoundHound AI's net margin of -347.70%. Magic Software Enterprises' return on equity of 19.31% beat SoundHound AI's return on equity.
8.7% of SoundHound AI shares are held by institutional investors. Comparatively, 18.2% of Magic Software Enterprises shares are held by institutional investors. 23.2% of SoundHound AI shares are held by insiders. Comparatively, 4.5% of Magic Software Enterprises shares are held by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock is poised for long-term growth.
In the previous week, Magic Software Enterprises had 5 more articles in the media than SoundHound AI. MarketBeat recorded 11 mentions for Magic Software Enterprises and 6 mentions for SoundHound AI. SoundHound AI's average media sentiment score of 0.21 beat Magic Software Enterprises' score of 0.09 indicating that SoundHound AI is being referred to more favorably in the media.
Magic Software Enterprises received 277 more outperform votes than SoundHound AI when rated by MarketBeat users. Likewise, 59.74% of users gave Magic Software Enterprises an outperform vote while only 28.57% of users gave SoundHound AI an outperform vote.
SoundHound AI currently has a consensus target price of $4.77, indicating a potential upside of 66.67%. Magic Software Enterprises has a consensus target price of $23.00, indicating a potential upside of 73.85%. Given Magic Software Enterprises' higher possible upside, analysts clearly believe Magic Software Enterprises is more favorable than SoundHound AI.
Magic Software Enterprises has higher revenue and earnings than SoundHound AI. SoundHound AI is trading at a lower price-to-earnings ratio than Magic Software Enterprises, indicating that it is currently the more affordable of the two stocks.
SoundHound AI has a beta of 0.49, indicating that its share price is 51% less volatile than the S&P 500. Comparatively, Magic Software Enterprises has a beta of 1.17, indicating that its share price is 17% more volatile than the S&P 500.
Summary
Magic Software Enterprises beats SoundHound AI on 13 of the 17 factors compared between the two stocks.
New MarketBeat Followers Over Time
This chart shows the number of new MarketBeat users adding SOUN and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
Skip ChartMedia Sentiment Over Time
This chart shows the average media sentiment of NASDAQ and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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SoundHound AI Competitors List
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