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Three low-priced AI stocks include Rekor Systems and SoundHound AI
Rekor Systems said it introduced Rekor Discover for AI-based traffic studies and analytics, while SoundHound AI previously moved to pay down $100 million in debt.
A Benzinga roundup highlights publicly traded artificial intelligence companies with share prices under $10, framing them as potential beneficiaries of AI adoption while noting that lower-priced names can carry higher risk than larger, more established firms.
The list includes Rekor Systems, a software technology company incorporated in 2017 and headquartered in Columbia, Maryland. The firm provides AI-driven infrastructure solutions for transportation, public safety and urban mobility, including its Rekor One roadway intelligence platform, Rekor Command for traffic management centers, and Rekor Scout for automating manual processes. Benzinga also points to Rekor Systems introducing Rekor Discover, a next-generation solution for AI-based traffic studies and analytics, and winning a patent for privacy-centered traffic management technology. As of June 11, 2024, the stock closed at $1.56.
Another company featured is SoundHound AI, a voice AI and speech recognition technology company based in California. Benzinga describes SoundHound’s business, including products that provide voice AI platforms for businesses and consumer apps for music recognition. The roundup says the company moved to pay off outstanding $100 million in debt, which it characterizes as a sign of a stronger cash position, and it notes the shares are trading at $4.65.
Benzinga concludes that these companies’ AI-related offerings position them for growth as adoption expands, while also emphasizing that investing in lower-priced AI stocks can involve greater volatility and risk.