Moreover, the 36-month beta value for CRNC is 2.55. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for CRNC is 35.87M and currently, short sellers hold a 18.22% of that float. On May 09, 2024, CRNC’s average trading volume was 510.59K shares.
CRNC) stock’s latest price update
The stock of Cerence Inc (NASDAQ: CRNC) has decreased by -30.12 when compared to last closing price of 9.56. Despite this, the company has experienced a -31.42% fall in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-05-09 that Cerence (CRNC) came out with a quarterly loss of $0.09 per share versus the Zacks Consensus Estimate of a loss of $0.23. This compares to loss of $0.04 per share a year ago.
CRNC’s Market Performance
Cerence Inc (CRNC) has experienced a -31.42% fall in stock performance for the past week, with a -49.16% drop in the past month, and a -57.72% drop in the past quarter. The volatility ratio for the week is 5.42%, and the volatility levels for the past 30 days are at 6.04% for CRNC. The simple moving average for the last 20 days is -35.58% for CRNC stock, with a simple moving average of -63.07% for the last 200 days.
Analysts’ Opinion of CRNC
Craig Hallum, on the other hand, stated in their research note that they expect to see CRNC reach a price target of $22. The rating they have provided for CRNC stocks is “Hold” according to the report published on February 07th, 2024.
Craig Hallum gave a rating of “Buy” to CRNC, setting the target price at $40 in the report published on February 09th of the previous year.
CRNC Trading at -48.29% 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 -81.84% of loss for the given period.
Volatility was left at 6.04%, however, over the last 30 days, the volatility rate increased by 5.42%, as shares sank -51.24% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -54.41% lower at present.
During the last 5 trading sessions, CRNC fell by -31.52%, which changed the moving average for the period of 200-days by -73.18% in comparison to the 20-day moving average, which settled at $10.02. In addition, Cerence Inc saw -66.02% 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 BEAUDOIN THOMAS L, who sale 5,464 shares at the price of $9.69 back on May 07 ’24. After this action, BEAUDOIN THOMAS L now owns 242,457 shares of Cerence Inc, valued at $52,946 using the latest closing price.
BEAUDOIN THOMAS L, the Director of Cerence Inc, sale 5,000 shares at $9.03 during a trade that took place back on May 01 ’24, which means that BEAUDOIN THOMAS L is holding 247,921 shares at $45,146 based on the most recent closing price.
Stock Fundamentals for CRNC
Current profitability levels for the company are sitting at:
- -0.6 for the present operating margin
- 0.74 for the gross margin
The net margin for Cerence Inc stands at -0.81. The total capital return value is set at -0.24. 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 0.39 points at debt to capital in total, while cash flow to debt ratio is standing at 0.0. The debt to equity ratio resting at 0.63. The interest coverage ratio of the stock is -28.52.
Currently, EBITDA for the company is 6.33 million with net debt to EBITDA at -0.97. When we switch over and look at the enterprise to sales, we see a ratio of 1.36. The receivables turnover for the company is 5.22for trailing twelve months and the total asset turnover is 0.35. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.86.
Conclusion
To wrap up, the performance of Cerence Inc (CRNC) has been bad in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. 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.
