Cerence Inc (CRNC) concluded trading on Thursday at a closing price of $5.83, with 76.92 million shares of worth about $448.47 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 66.10% during that period and on November 21, 2024 the price saw a gain of about 106.74%. Currently the company’s common shares owned by public are about 41.92M shares, out of which, 39.09M shares are available for trading.
Stock saw a price change of 85.67% in past 5 days and over the past one month there was a price change of 104.56%. Year-to-date (YTD), CRNC shares are showing a performance of -70.35% which decreased to -65.38% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $2.34 but also hit the highest price of $21.67 during that period. The average intraday trading volume for Cerence Inc shares is 1.44 million. The stock is currently trading 79.10% above its 20-day simple moving average (SMA20), while that difference is up 90.27% for SMA50 and it goes to -9.03% lower than SMA200.
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Cerence Inc (NASDAQ: CRNC) currently have 41.92M outstanding shares and institutions hold larger chunk of about 80.73% of that.
The stock has a current market capitalization of $243.72M and its 3Y-monthly beta is at 2.34. It has posted earnings per share of -$13.92 in the same period. It has Quick Ratio of 1.27 while making debt-to-equity ratio of 0.71. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CRNC, volatility over the week remained 24.53% while standing at 11.66% over the month.
Analysts are in expectations that Cerence Inc (CRNC) stock would likely to be making an EPS of -0.25 in the current quarter, while forecast for next quarter EPS is 0.0 and it is 0.28 for next year. For the current quarter EPS, analysts have given the company a lowest target -0.26 which is -0.25 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of 1.12 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -103.49% while it is estimated to increase by 814.84% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Wells Fargo on May 10, 2024 offering an Equal weight rating for the stock and assigned a target price range of between $25 and $6.50 to it. On February 07, 2024, Craig Hallum Downgrade their recommendations, while on February 09, 2023, Craig Hallum Upgrade their ratings for the stock with a price target of $40. Stock get a Mkt perform rating from Raymond James on August 10, 2022.
