Cerence Inc (NASDAQ: CRNC) is -87.23% lower on its value in year-to-date trading and has touched a low of $2.34 and a high of $22.05 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 $2.44 in the last trading session, with the day’s gains setting it 0.07%.
Currently trading at $2.51, the stock is -19.15% and -15.87% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.92 million and changing 2.87% at the moment leaves the stock -75.15% off its SMA200. CRNC registered -88.02% loss for a year compared to 6-month loss of -82.63%.
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The stock witnessed a -20.57% gain in the last 1 month and extending the period to 3 months gives it a -13.75%, and is -12.54% down 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 10.67% over the week and 9.31% over the month.
Cerence Inc (CRNC) has around 1700 employees, a market worth around $104.92M and $357.46M in sales. Profit margin for the company is -162.03%. Distance from 52-week low is 7.26% and -88.62% from its 52-week high. The company has generated returns on investments over the last 12 months (-163.02%).
The EPS is expected to grow by 152.96% this year
274.0 institutions hold shares in Cerence Inc (CRNC), with institutional investors hold 97.16% of the company’s shares. The shares outstanding are 40.42M, and float is at 40.07M with Short Float at 17.27%. Institutions hold 94.95% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 3.98 million shares valued at $11.26 million. The investor’s holdings represent 9.5398 of the CRNC Shares outstanding. As of 2024-06-30, the second largest holder is AMERICAN CAPITAL MANAGEMENT INC with 3.88 million shares valued at $10.98 million to account for 9.2977 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 3.3 million shares representing 7.9179 and valued at over $9.35 million, while FIRST TRUST ADVISORS LP holds 6.4222 of the shares totaling 2.68 million with a market value of $7.58 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 Sep 03 ’24 at a price of $3.34 per share for a total of $16700.0. Following the sale, the insider now owns 0.22 million shares.
Still, SEC filings show that on Aug 01 ’24, BEAUDOIN THOMAS L (Director) disposed off 5,000 shares at an average price of $3.15 for $15750.0. The insider now directly holds 227,457 shares of Cerence Inc (CRNC).
