Additionally, the 36-month beta value for CRNC is 2.45. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for CRNC is 35.84M and currently, short sellers hold a 15.84% ratio of that float. The average trading volume of CRNC on March 29, 2024 was 479.03K shares.
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CRNC) stock’s latest price update
Cerence Inc (NASDAQ: CRNC)’s stock price has soared by 1.61 in relation to previous closing price of 15.50. Nevertheless, the company has seen a gain of 4.72% in its stock price over the last five trading days. Zacks Investment Research reported 2024-03-25 that Cerence (CRNC) transforms the automotive experience with CaLLM, powered by NVIDIA, offering seamless, intuitive interactions in the cars of the future.
CRNC’s Market Performance
Cerence Inc (CRNC) has experienced a 4.72% rise in stock performance for the past week, with a 7.66% rise in the past month, and a -21.05% drop in the past quarter. The volatility ratio for the week is 3.41%, and the volatility levels for the past 30 days are at 3.89% for CRNC. The simple moving average for the past 20 days is 7.53% for CRNC’s stock, with a -23.66% simple moving average for the past 200 days.
Analysts’ Opinion of CRNC
Many brokerage firms have already submitted their reports for CRNC stocks, with Craig Hallum repeating the rating for CRNC by listing it as a “Hold.” The predicted price for CRNC in the upcoming period, according to Craig Hallum is $22 based on the research report published on February 07, 2024 of the current year 2024.
Craig Hallum, on the other hand, stated in their research note that they expect to see CRNC reach a price target of $40, previously predicting the price at $24. The rating they have provided for CRNC stocks is “Buy” according to the report published on February 09th, 2023.
CRNC Trading at -4.48% from the 50-Day Moving Average
After a stumble in the market that brought CRNC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -57.19% of loss for the given period.
Volatility was left at 3.89%, however, over the last 30 days, the volatility rate increased by 3.41%, as shares surge +5.70% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -15.64% lower at present.
During the last 5 trading sessions, CRNC rose by +4.72%, which changed the moving average for the period of 200-days by -51.23% in comparison to the 20-day moving average, which settled at $14.69. In addition, Cerence Inc saw -19.89% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at CRNC starting from Ortmanns Stefan, who sale 15,389 shares at the price of $14.82 back on Mar 22 ’24. After this action, Ortmanns Stefan now owns 537,150 shares of Cerence Inc, valued at $228,043 using the latest closing price.
BEAUDOIN THOMAS L, the Director of Cerence Inc, sale 5,000 shares at $14.99 during a trade that took place back on Mar 21 ’24, which means that BEAUDOIN THOMAS L is holding 257,921 shares at $74,926 based on the most recent closing price.
Stock Fundamentals for CRNC
Current profitability levels for the company are sitting at:
- 0.11 for the present operating margin
- 0.73 for the gross margin
The net margin for Cerence Inc stands at -0.09. The total capital return value is set at 0.03. Equity return is now at value -4.17, with -2.31 for asset returns.
Based on Cerence Inc (CRNC), the company’s capital structure generated 0.28 points at debt to capital in total, while cash flow to debt ratio is standing at 0.02. The debt to equity ratio resting at 0.4. The interest coverage ratio of the stock is 2.7.
Currently, EBITDA for the company is 6.33 million with net debt to EBITDA at 3.24. When we switch over and look at the enterprise to sales, we see a ratio of 2.43. The receivables turnover for the company is 5.95for trailing twelve months and the total asset turnover is 0.28. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.86.
Conclusion
In conclusion, Cerence Inc (CRNC) has seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
