Cerence Inc (CRNC) concluded trading on Wednesday at a closing price of $14.61, with 14.18 million shares of worth about $207.19 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 362.34% during that period and on January 22, 2025 the price saw a gain of about 6.95%. Currently the company’s common shares owned by public are about 41.92M shares, out of which, 39.66M shares are available for trading.
Stock saw a price change of 11.36% in past 5 days and over the past one month there was a price change of 89.74%. Year-to-date (YTD), CRNC shares are showing a performance of 86.11% which decreased to -24.92% 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 $27.50 during that period. The average intraday trading volume for Cerence Inc shares is 7.80 million. The stock is currently trading 17.82% above its 20-day simple moving average (SMA20), while that difference is up 70.63% for SMA50 and it goes to 168.01% higher than SMA200.
Cerence Inc (NASDAQ: CRNC) currently have 41.92M outstanding shares and institutions hold larger chunk of about 78.72% of that.
The stock has a current market capitalization of $628.06M and its 3Y-monthly beta is at 2.72. It has posted earnings per share of -$14.12 in the same period. It has Quick Ratio of 1.20 while making debt-to-equity ratio of 2.10. 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 14.04% while standing at 18.06% over the month.
Stock’s fiscal year EPS is expected to drop by -93.96% while it is estimated to increase by 419.61% 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 Needham on Jan-23-25 offering a Buy rating for the stock and assigned a target price of $16 to it. Coverage by Wells Fargo stated Cerence Inc (CRNC) stock as an Equal weight in their note to investors on May 10, 2024, suggesting a price target of $6.50 for the stock. On May 07, 2024, Needham Resumed their recommendations, while on February 07, 2024, Craig Hallum Downgrade their ratings for the stock with a price target of $22. Stock get a Buy rating from Craig Hallum on February 09, 2023.
