Cerence Inc (NASDAQ: CRNC) is -81.89% lower on its value in year-to-date trading and has touched a low of $2.34 and a high of $26.55 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CRNC stock was last observed hovering at around $3.47 in the last trading session, with the day’s gains setting it 0.09%.
Currently trading at $3.56, the stock is 25.94% and 20.73% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.92 million and changing 2.59% at the moment leaves the stock -68.86% off its SMA200. CRNC registered -85.93% loss for a year compared to 6-month loss of -75.82%.
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The stock witnessed a 10.56% gain in the last 1 month and extending the period to 3 months gives it a -8.13%, and is 46.80% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 10.90% over the week and 9.55% over the month.
Cerence Inc (CRNC) has around 1700 employees, a market worth around $148.81M and $357.46M in sales. Profit margin for the company is -162.03%. Distance from 52-week low is 52.14% and -86.59% from its 52-week high. The company has generated returns on investments over the last 12 months (-163.02%).
Cerence Inc quarterly earnings per share for the current quarter are estimated at -0.36 with sales reaching $48.2M over the same period.The EPS is expected to grow by 152.96% this year, but quarterly earnings will post 10.30% year-over-year. Quarterly sales are estimated to shrink -40.30% in year-over-year returns.
275.0 institutions hold shares in Cerence Inc (CRNC), with institutional investors hold 97.45% of the company’s shares. The shares outstanding are 40.42M, and float is at 39.82M with Short Float at 20.19%. Institutions hold 95.22% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 6.98 million shares valued at $109.89 million. The investor’s holdings represent 16.94 of the CRNC Shares outstanding. As of 2024-03-31, the second largest holder is VANGUARD GROUP INC with 5.33 million shares valued at $83.95 million to account for 12.9414 of the shares outstanding. The other top investors are VAN BERKOM & ASSOCIATES INC. which holds 3.86 million shares representing 9.3832 and valued at over $60.87 million, while AMERIPRISE FINANCIAL INC holds 8.5462 of the shares totaling 3.52 million with a market value of $55.44 million.
Cerence Inc (CRNC) Insider Activity
The most recent transaction is an insider sale by BEAUDOIN THOMAS L, the company’s Director. SEC filings show that BEAUDOIN THOMAS L sold 5,000 shares of the company’s common stock on Aug 01 ’24 at a price of $3.15 per share for a total of $15750.0. Following the sale, the insider now owns 0.23 million shares.
Still, SEC filings show that on Jul 01 ’24, BEAUDOIN THOMAS L (Director) disposed off 5,000 shares at an average price of $2.81 for $14050.0. The insider now directly holds 232,457 shares of Cerence Inc (CRNC).
