Cerence Inc (NASDAQ: CRNC) has seen a rise in its stock price by 7.70 in relation to its previous close of 8.31. However, the company has experienced a 16.69% gain in its stock price over the last five trading sessions. globenewswire.com reported 2024-12-06 that BURLINGTON, Mass., Dec. 06, 2024 (GLOBE NEWSWIRE) — Cerence Inc. (NASDAQ: CRNC) (“Cerence AI”), a global industry leader in AI for transportation, today announced that, in connection with Antonio (“Tony”) Rodriquez’s recent appointment as Executive Vice President, Chief Financial Officer effective November 29, 2024, the Company granted Mr. Rodriquez 313,283 time-based restricted stock units and 313,283 performance-based restricted stock units. The time-based restricted stock units will vest in three equal installments on each of October 1, 2025, October 1, 2026, and October 1, 2027, in each case subject to Mr. Rodriquez’s continued service with the Company through the applicable vesting date. The performance-based restricted stock units will be earned based on the achievement of the Company’s performance metrics for each of fiscal year 2025, 2026 and 2027 with one-third of the total performance-based restricted stock units eligible to be earned for each fiscal year, subject to Mr. Rodriquez’s continued service with the Company through such vesting date. All of these awards were granted as an inducement material to Mr. Rodriquez entering into employment with the Company pursuant to Rule 5635(c)(4) of the Nasdaq Listing Rules.
Is It Worth Investing in Cerence Inc (NASDAQ: CRNC) Right Now?
Moreover, the 36-month beta value for CRNC is 2.69. Analysts have varying opinions on the stock, with 1 analysts rating it as a “buy,” 0 as “overweight,” 7 as “hold,” and 0 as “sell.”
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The public float for CRNC is 39.66M and currently, short sellers hold a 16.43% of that float. On December 10, 2024, CRNC’s average trading volume was 3.19M shares.
CRNC’s Market Performance
CRNC stock saw an increase of 16.69% in the past week, with a monthly gain of 179.69% and a quarterly increase of 225.45%. The volatility ratio for the week is 10.15%, and the volatility levels for the last 30 days are 15.14% for Cerence Inc (CRNC). The simple moving average for the last 20 days is 59.47% for CRNC stock, with a simple moving average of 50.06% 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 117.22% 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 -58.69% of loss for the given period.
Volatility was left at 15.14%, however, over the last 30 days, the volatility rate increased by 10.15%, as shares surge +186.86% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +203.39% upper at present.
During the last 5 trading sessions, CRNC rose by +16.69%, which changed the moving average for the period of 200-days by -36.75% in comparison to the 20-day moving average, which settled at $5.61. In addition, Cerence Inc saw -54.48% 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 $7.36 back on Dec 02 ’24. After this action, BEAUDOIN THOMAS L now owns 183,966 shares of Cerence Inc, valued at $36,800 using the latest closing price.
THOMAS L. BEAUDOIN, the Director of Cerence Inc, proposed sale 5,000 shares at $7.36 during a trade that took place back on Dec 02 ’24, which means that THOMAS L. BEAUDOIN is holding shares at $36,800 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 -140.69, with -58.81 for asset returns.
Based on Cerence Inc (CRNC), the company’s capital structure generated 0.4 points at debt to capital in total, while cash flow to debt ratio is standing at 0.18. The debt to equity ratio resting at 0.68. The interest coverage ratio of the stock is -25.75.
Currently, EBITDA for the company is -561.43 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 1.09. 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 1.20.
Conclusion
To wrap up, the performance of Cerence Inc (CRNC) has been mixed 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.
