The 36-month beta value for CRNC is also noteworthy at 2.34. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 7 rating it as “hold,” and 0 rating it as “sell.”
The public float for CRNC is 39.09M, and at present, short sellers hold a 16.78% of that float. The average trading volume of CRNC on November 21, 2024 was 1.44M shares.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
CRNC) stock’s latest price update
The stock price of Cerence Inc (NASDAQ: CRNC) has jumped by 80.50 compared to previous close of 2.82. Despite this, the company has seen a gain of 62.10% in its stock price over the last five trading days. zacks.com reported 2024-11-21 that Cerence (CRNC) came out with a quarterly loss of $0.07 per share versus the Zacks Consensus Estimate of a loss of $0.32. This compares to earnings of $0.09 per share a year ago.
CRNC’s Market Performance
CRNC’s stock has risen by 62.10% in the past week, with a monthly rise of 78.60% and a quarterly rise of 41.00%. The volatility ratio for the week is 7.99% while the volatility levels for the last 30 days are 7.84% for Cerence Inc The simple moving average for the last 20 days is 58.16% for CRNC’s stock, with a simple moving average of -20.53% for the last 200 days.
Analysts’ Opinion of CRNC
Many brokerage firms have already submitted their reports for CRNC stocks, with Wells Fargo repeating the rating for CRNC by listing it as a “Equal Weight.” The predicted price for CRNC in the upcoming period, according to Wells Fargo is $6.50 based on the research report published on May 10, 2024 of the current year 2024.
Craig Hallum gave a rating of “Hold” to CRNC, setting the target price at $22 in the report published on February 07th of the current year.
CRNC Trading at 66.92% 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 -76.51% of loss for the given period.
Volatility was left at 7.84%, however, over the last 30 days, the volatility rate increased by 7.99%, as shares surge +87.73% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +85.05% upper at present.
During the last 5 trading sessions, CRNC rose by +65.61%, which changed the moving average for the period of 200-days by -67.42% in comparison to the 20-day moving average, which settled at $3.22. In addition, Cerence Inc saw -74.11% 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 5,000 shares at the price of $3.11 back on Nov 01 ’24. After this action, BEAUDOIN THOMAS L now owns 201,054 shares of Cerence Inc, valued at $15,550 using the latest closing price.
THOMAS L. BEAUDOIN, the Director of Cerence Inc, proposed sale 5,000 shares at $3.11 during a trade that took place back on Nov 01 ’24, which means that THOMAS L. BEAUDOIN is holding shares at $15,550 based on the most recent closing price.
Stock Fundamentals for CRNC
Current profitability levels for the company are sitting at:
- -0.98 for the present operating margin
- 0.74 for the gross margin
The net margin for Cerence Inc stands at -1.77. The total capital return value is set at -0.67. Equity return is now at value -135.17, with -58.33 for asset returns.
Based on Cerence Inc (CRNC), the company’s capital structure generated 0.42 points at debt to capital in total, while cash flow to debt ratio is standing at 0.22. The debt to equity ratio resting at 0.71. The interest coverage ratio of the stock is -50.92.
Currently, EBITDA for the company is -579.94 million with net debt to EBITDA at 0.04. When we switch over and look at the enterprise to sales, we see a ratio of 0.58. The receivables turnover for the company is 5.28for trailing twelve months and the total asset turnover is 0.47. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.28.
Conclusion
In summary, Cerence Inc (CRNC) has had a mixed performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others 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.
