Cerence Inc (NASDAQ: CRNC) started the day on Thursday, with a price increase of 4.95% at $3.18, before settling in for the price of $3.03 at the close. Taking a more long-term approach, CRNC posted a 52-week range of $2.55-$28.10.
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In the past 5-years timespan, the Technology sector firm’s annual sales growth was 2.02%. Nevertheless, stock’s Earnings Per Share (EPS) this year is 117.84%. This publicly-traded company’s shares outstanding now amounts to $40.42 million, simultaneously with a float of $39.92 million. The organization now has a market capitalization sitting at $132.86 million. At the time of writing, stock’s 50-day Moving Average stood at $3.30, while the 200-day Moving Average is $12.68.
Cerence Inc (CRNC) Ownership Facts and Figures
Now let’s turn our focus to how large-scale investors are working with this stock of the Software – Application Industry. Cerence Inc’s current insider ownership accounts for 4.44%, in contrast to 99.06% institutional ownership. According to the most recent insider trade that took place on Jul 01 ’24, this organization’s Director sold 5,000 shares at the rate of 2.81, making the entire transaction reach 14,050 in total value, affecting insider ownership by 232,457. Preceding that transaction, on Jun 24 ’24, Company’s Chief Executive Officer sold 9,542 for 3.29, making the whole transaction’s value amount to 31,431. This particular insider is now the holder of 511,597 in total.
Cerence Inc (CRNC) Earnings and Revenue Records
In the latest quarterly report released, which was put into the public domain on 3/31/2024, the organization reported -0.04 earnings per share (EPS) for the three months, surpassing the consensus estimate (set at -0.14) by 0.1. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.35 per share during the current fiscal year.
Cerence Inc’s EPS increase for this current 12-month fiscal period is 117.84% and is forecasted to reach -0.19 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 2.12. The Stock has managed to achieve an average true range (ATR) of 0.26. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 0.38.
In the same vein, CRNC’s Diluted EPS (Earnings per Share) trailing twelve months is recorded -6.83, a figure that is expected to reach 0.03 in the next quarter, and analysts are predicting that it will be -0.19 at the market close of one year from today.
Technical Analysis of Cerence Inc (CRNC)
If we take a close look at the recent performances of Cerence Inc (NASDAQ: CRNC), its last 5-days Average volume was 0.7 million that shows plunge from its year to date volume of 1.11 million. During the previous 9 days, stock’s Stochastic %D was recorded 57.66% While, its Average True Range was 0.23.
Raw Stochastic average of Cerence Inc (CRNC) in the period of the previous 100 days is set at 4.73%, which indicates a major fall in contrast to 65.22% 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 62.75% that was lower than 107.79% volatility it exhibited in the past 100-days period.
