Cerence Inc (NASDAQ: CRNC) is 27.39% 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 $9.94 in the last trading session, with the day’s gains setting it 0.06%.
Currently trading at $10.00, the stock is 16.77% and 10.17% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.43 million and changing 0.60% at the moment leaves the stock 40.75% off its SMA200. CRNC registered -1.48% loss for a year compared to 6-month gain of 226.80%.
The stock witnessed a 43.88% loss in the last 1 month and extending the period to 3 months gives it a -23.66%, and is 10.38% 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 7.43% over the week and 8.51% over the month.
Cerence Inc (CRNC) has around 1400 employees, a market worth around $431.99M and $244.06M in sales. Fwd P/E is 27.91. Profit margin for the company is -260.68%. Distance from 52-week low is 327.35% and -63.64% from its 52-week high. The company has generated returns on investments over the last 12 months (-194.56%).
The EPS is expected to shrink by -89.08% this year
The shares outstanding are 42.99M, and float is at 39.95M with Short Float at 22.19%.
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 9.5236 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 7.9044 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
Cerence Inc disclosed in a document filed with the SEC on Feb 13 ’25 that Mentz Christian (EVP, Chief Revenue Officer) sold a total of 3,600 shares of the company’s common stock. The trade occurred on Feb 13 ’25 and was made at $14.73 per share for $53028.0. Following the transaction, the insider now directly holds 0.14 million shares of the CRNC stock.
Still, SEC filings show that on Feb 03 ’25, BEAUDOIN THOMAS L (Director) disposed off 5,000 shares at an average price of $11.68 for $58400.0. The insider now directly holds 173,966 shares of Cerence Inc (CRNC).
