A new trading day began on January 24, 2023, with Cerence Inc. (NASDAQ: CRNC) stock priced at $23.37, down -1.10% from the previous day of trading. During the day, the shares moved up to $23.49 and dropped to $22.845 before settling in for the closing price of $23.56. CRNC’s price has ranged from $12.82 to $66.61 over the past 52 weeks.
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Annual sales at Technology sector company grew by 6.00% over the past five years. Meanwhile, its annual earnings per share averaged -779.00%. With a float of $39.22 million, this company’s outstanding shares have now reached $39.41 million.
Let’s look at the performance matrix of the company that is accounted for 1700 employees. In terms of profitability, gross margin is +66.85, operating margin of +11.69, and the pretax margin is -60.61.
Cerence Inc. (CRNC) Insider and Institutional Ownership
As we move forward, let’s examine how large-scale investors are investing in this stock of the Software – Application Industry. The insider ownership of Cerence Inc. is 2.30%, while institutional ownership is 97.50%. The most recent insider transaction that took place on Dec 05, was worth 94,025. In this transaction EVP, CFO of this company bought 5,000 shares at a rate of $18.80, taking the stock ownership to the 213,173 shares. Before that another transaction happened on Oct 11, when Company’s Chief Executive Officer sold 6,413 for $16.14, making the entire transaction worth $103,506. This insider now owns 139,572 shares in total.
Cerence Inc. (CRNC) Latest Financial update
In its latest quarterly report, released on 6/29/2022, the company reported earnings of $0.43 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). This company achieved a net margin of -94.80 while generating a return on equity of -35.63. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.09 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -779.00% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 15.00% during the next five years compared to -52.00% drop over the previous five years of trading.
Cerence Inc. (NASDAQ: CRNC) Trading Performance Indicators
Here are Cerence Inc.’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.50. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.71.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -7.90, a number that is poised to hit 0.09 in the next quarter and is forecasted to reach 1.31 in one year’s time.
Technical Analysis of Cerence Inc. (CRNC)
Cerence Inc. (NASDAQ: CRNC) saw its 5-day average volume 0.42 million, a positive change from its year-to-date volume of 0.38 million. As of the previous 9 days, the stock’s Stochastic %D was 91.13%. Additionally, its Average True Range was 0.98.
During the past 100 days, Cerence Inc.’s (CRNC) raw stochastic average was set at 97.13%, which indicates a significant increase from 92.86% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 43.79% in the past 14 days, which was lower than the 62.51% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $19.11, while its 200-day Moving Average is $22.76. Nevertheless, the first resistance level for the watch stands at $23.58 in the near term. At $23.86, the stock is likely to face the second major resistance level. The third major resistance level sits at $24.22. If the price goes on to break the first support level at $22.93, it is likely to go to the next support level at $22.57. The third support level lies at $22.29 if the price breaches the second support level.
Cerence Inc. (NASDAQ: CRNC) Key Stats
With a market capitalization of 890.06 million, the company has a total of 40,018K Shares Outstanding. Currently, annual sales are 327,890 K while annual income is -310,830 K. The company’s previous quarter sales were 58,140 K while its latest quarter income was -230,130 K.