Cerence Inc (NASDAQ: CRNC) is 67.13% higher on its value in year-to-date trading and has touched a low of $2.34 and a high of $27.50 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CRNC stock was last observed hovering at around $13.76 in the last trading session, with the day’s loss setting it -0.64%.
Currently trading at $13.12, the stock is 19.35% and 74.25% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.09 million and changing -4.65% at the moment leaves the stock 138.92% off its SMA200. CRNC registered -31.95% loss for a year compared to 6-month gain of 321.86%. The firm has a 50-day simple moving average (SMA 50) of $7.3292 and a 200-day simple moving average (SMA200) of $5.503325.
The stock witnessed a 73.54% loss in the last 1 month and extending the period to 3 months gives it a 289.32%, and is -34.99% 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 16.07% over the week and 17.77% over the month.
Cerence Inc (CRNC) has around 1400 employees, a market worth around $564.01M and $331.50M in sales. Fwd P/E is 37.92. Profit margin for the company is -177.40%. Distance from 52-week low is 460.68% and -52.29% from its 52-week high. The company has generated returns on investments over the last 12 months (-170.57%).
with sales reaching $49.08M over the same period.The EPS is expected to shrink by -94.08% this year, but quarterly earnings will post -26.90% year-over-year. Quarterly sales are estimated to shrink -64.52% in year-over-year returns.
Cerence Inc (CRNC) Top Institutional Holders
234.0 institutions hold shares in Cerence Inc (CRNC), with institutional investors hold 88.49% of the company’s shares. The shares outstanding are 41.92M, and float is at 39.89M with Short Float at 17.78%. Institutions hold 83.41% 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 Jan 02 ’25 at a price of $7.98 per share for a total of $39900.0. Following the sale, the insider now owns 0.18 million shares.
Still, SEC filings show that on Dec 02 ’24, BEAUDOIN THOMAS L (Director) disposed off 5,000 shares at an average price of $7.36 for $36800.0. The insider now directly holds 183,966 shares of Cerence Inc (CRNC).
