Cerence Inc (NASDAQ: CRNC) open the trading on Thursday, with a bit cautious approach as it glided -6.57% to $9.39, before settling in for the price of $10.05 at the close. Taking a more long-term approach, CRNC posted a 52-week range of $9.50-$36.79.
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It was noted that the giant of the Technology sector posted annual sales growth of 2.02% over the last 5 years. Nevertheless, stock’s Earnings Per Share (EPS) this year is 274.68%. This publicly-traded company’s shares outstanding now amounts to $40.42 million, simultaneously with a float of $35.86 million. The organization now has a market capitalization sitting at $391.28 million. At the time of writing, stock’s 50-day Moving Average stood at $13.89, while the 200-day Moving Average is $18.86.
Cerence Inc (CRNC) Ownership Facts and Figures
Sometimes it helps to make our mind if we keep our tabs on how bigger investors are working with the stock of the Software – Application industry. Cerence Inc’s current insider ownership accounts for 13.94%, in contrast to 91.93% institutional ownership. According to the most recent insider trade that took place on Apr 22 ’24, this organization’s Chief Executive Officer sold 10,762 shares at the rate of 10.04, making the entire transaction reach 108,045 in total value, affecting insider ownership by 526,388. Preceding that transaction, on Apr 01 ’24, Company’s Director sold 5,000 for 15.35, making the whole transaction’s value amount to 76,744. This particular insider is now the holder of 252,921 in total.
Cerence Inc (CRNC) Earnings and Revenue Records
Cerence Inc’s EPS increase for this current 12-month fiscal period is 274.68% and is forecasted to reach 0.87 in the upcoming year.
Cerence Inc (NASDAQ: CRNC) Trading Performance Indicators
Let’s observe the current performance indicators for Cerence Inc (CRNC). It’s Quick Ratio in the last reported quarter now stands at 1.86. The Stock has managed to achieve an average true range (ATR) of 0.68. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 1.12. Similarly, its price to free cash flow for trailing twelve months is now 213.81.
In the same vein, CRNC’s Diluted EPS (Earnings per Share) trailing twelve months is recorded -0.81, a figure that is expected to reach -0.22 in the next quarter, and analysts are predicting that it will be 0.87 at the market close of one year from today.
Technical Analysis of Cerence Inc (CRNC)
[Cerence Inc, CRNC] recent stats showed that its last 5-days Average volume was superior the volume it posted in the year-ago period. During the previous 9 days, stock’s Stochastic %D was recorded 6.74% While, its Average True Range was 0.68.
Raw Stochastic average of Cerence Inc (CRNC) in the period of the previous 100 days is set at 0.32%, which indicates a major fall in contrast to 0.78% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 69.01% that was higher than 57.82% volatility it exhibited in the past 100-days period.
