In the past week, CRNC stock has gone down by -27.50%, with a monthly gain of 71.54% and a quarterly surge of 329.91%. The volatility ratio for the week is 37.65%, and the volatility levels for the last 30 days are 17.57% for Cerence Inc The simple moving average for the past 20 days is 31.08% for CRNC’s stock, with a 154.61% simple moving average for the past 200 days.
Is It Worth Investing in Cerence Inc (NASDAQ: CRNC) Right Now?
CRNC has 36-month beta value of 2.53. Analysts have mixed views on the stock, with 1 analysts rating it as a “buy,” 0 as “overweight,” 6 as “hold,” and 0 as “sell.”
The public float for CRNC is 39.89M, and currently, short sellers hold a 17.78% ratio of that float. The average trading volume of CRNC on January 13, 2025 was 7.29M shares.
CRNC) stock’s latest price update
The stock of Cerence Inc (NASDAQ: CRNC) has decreased by -7.49 when compared to last closing price of 15.15.Despite this, the company has seen a loss of -27.50% in its stock price over the last five trading days. marketbeat.com reported 2025-01-08 that Innovative small-cap tech stocks like Cerence Inc. NASDAQ: CRNC, Rigetti Computing NASDAQ: RGTI, and Airship AI NASDAQ: AISP are gaining traction. They are gaining traction with their businesses and stock prices, indicating potential for significant gains in 2025.
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 previous 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 previous year.
CRNC Trading at 91.09% 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 -49.04% of loss for the given period.
Volatility was left at 17.57%, however, over the last 30 days, the volatility rate increased by 37.65%, as shares surge +90.01% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +333.99% upper at present.
During the last 5 trading sessions, CRNC fell by -25.69%, which changed the moving average for the period of 200-days by -0.45% in comparison to the 20-day moving average, which settled at $10.71. In addition, Cerence Inc saw 78.54% in overturn over a single year, with a tendency to cut further gains.
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 $7.98 back on Jan 02 ’25. After this action, BEAUDOIN THOMAS L now owns 178,966 shares of Cerence Inc, valued at $39,900 using the latest closing price.
THOMAS L. BEAUDOIN, the Director of Cerence Inc, proposed sale 5,000 shares at $7.98 during a trade that took place back on Jan 02 ’25, which means that THOMAS L. BEAUDOIN is holding shares at $39,900 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 0.42 points at debt to capital in total, while cash flow to debt ratio is standing at 0.17. The debt to equity ratio resting at 0.71. 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 1.77. 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 put it simply, Cerence Inc (CRNC) has had a mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
