Cerence Inc (NASDAQ: CRNC) is 36.94% 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 $10.34 in the last trading session, with the day’s gains setting it 0.41%.
Currently trading at $10.75, the stock is -16.79% and -14.85% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.2 million and changing 3.97% at the moment leaves the stock 82.81% off its SMA200. CRNC registered -27.46% loss for a year compared to 6-month gain of 225.76%.
The stock witnessed a -5.45% loss in the last 1 month and extending the period to 3 months gives it a 45.96%, and is -10.27% 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 9.67% over the week and 9.86% over the month.
Cerence Inc (CRNC) has around 1400 employees, a market worth around $464.39M and $244.06M in sales. Fwd P/E is 27.22. Profit margin for the company is -260.68%. Distance from 52-week low is 359.40% and -60.91% from its 52-week high. The company has generated returns on investments over the last 12 months (-194.56%).
with sales reaching $75.41M over the same period.The EPS is expected to shrink by -88.04% this year, but quarterly earnings will post -26.58% year-over-year. Quarterly sales are estimated to grow 11.18% in year-over-year returns.
The shares outstanding are 42.99M, and float is at 39.95M with Short Float at 21.06%.
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 9.2819 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 6.4113 of the shares totaling 2.68 million with a market value of $7.58 million.
Cerence Inc (CRNC) Insider Activity
A total of 0 insider transactions have happened at Cerence Inc (CRNC) in the last six months, with sales accounting for 0 and purchases happening 0 times. The most recent transaction is an insider sale by Mentz Christian, the company’s EVP, Chief Revenue Officer. SEC filings show that Mentz Christian sold 3,600 shares of the company’s common stock on Feb 13 ’25 at a price of $14.73 per share for a total of $53028.0. Following the sale, the insider now owns 0.14 million shares.
Cerence Inc disclosed in a document filed with the SEC on Feb 03 ’25 that BEAUDOIN THOMAS L (Director) sold a total of 5,000 shares of the company’s common stock. The trade occurred on Feb 03 ’25 and was made at $11.68 per share for $58400.0. Following the transaction, the insider now directly holds 0.17 million shares of the CRNC stock.
Still, SEC filings show that on Feb 03 ’25, THOMAS L. BEAUDOIN (Director) Proposed Sale 5,000 shares at an average price of $11.68 for $58400.0. The insider now directly holds shares of Cerence Inc (CRNC).
