Cerence Inc (NASDAQ: CRNC) is -85.91% lower on its value in year-to-date trading and has touched a low of $2.34 and a high of $21.67 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 $2.97 in the last trading session, with the day’s loss setting it -0.2%.
Currently trading at $2.77, the stock is 0.47% and -4.70% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.81 million and changing -6.73% at the moment leaves the stock -70.50% off its SMA200. CRNC registered -86.14% loss for a year compared to 6-month loss of -81.17%. The firm has a 50-day simple moving average (SMA 50) of $2.8975 and a 200-day simple moving average (SMA200) of $9.314675.
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The stock witnessed a -12.62% gain in the last 1 month and extending the period to 3 months gives it a -7.36%, and is 13.52% 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 9.79% over the week and 9.07% over the month.
Cerence Inc (CRNC) has around 1700 employees, a market worth around $115.79M and $357.46M in sales. Profit margin for the company is -162.03%. Distance from 52-week low is 18.38% and -87.21% 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 -0.38 with sales reaching $47.71M over the same period.The EPS is expected to grow by 152.96% this year, but quarterly earnings will post 10.20% year-over-year. Quarterly sales are estimated to shrink -41.00% in year-over-year returns.
272.0 institutions hold shares in Cerence Inc (CRNC), with institutional investors hold 96.96% of the company’s shares. The shares outstanding are 40.42M, and float is at 40.07M with Short Float at 16.03%. Institutions hold 94.76% 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
Cerence Inc disclosed in a document filed with the SEC on Sep 03 ’24 that BEAUDOIN THOMAS L (Director) sold a total of 5,000 shares of the company’s common stock. The trade occurred on Sep 03 ’24 and was made at $3.34 per share for $16700.0. Following the transaction, the insider now directly holds 0.22 million shares of the CRNC stock.
Still, SEC filings show that on Sep 03 ’24, THOMAS L. BEAUDOIN (Director) Proposed Sale 5,000 shares at an average price of $3.34 for $16700.0. The insider now directly holds shares of Cerence Inc (CRNC).
