A new trading day began on Monday, with Cerence Inc (NASDAQ: CRNC) stock price down -9.29% from the previous day of trading, before settling in for the closing price of $2.69. CRNC’s price has ranged from $2.55 to $27.27 over the past 52 weeks.
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A company in the Technology sector has jumped its sales by 2.02% annually for the last half of the decade. Meanwhile, its annual earnings per share averaged 117.84%. With a float of $39.92 million, this company’s outstanding shares have now reached $40.42 million.
In an organization with 1700 employees, it is important to assess its efficiency.
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 4.44%, while institutional ownership is 97.43%. The most recent insider transaction that took place on Aug 01 ’24, was worth 15,750. Before that another transaction happened on Aug 01 ’24, when Company’s Director sold 5,000 for $3.15, making the entire transaction worth $15,750. This insider now owns 227,457 shares in total.
Cerence Inc (CRNC) Latest Financial update
According to the Wall Street analysts, stocks earnings will be around 117.84% per share during the next fiscal year.
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 2.12. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.29.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -6.83, a number that is poised to hit 0.03 in the next quarter and is forecasted to reach -0.19 in one year’s time.
Technical Analysis of Cerence Inc (CRNC)
Let’s dig in a bit further. During the last 5-days, its volume was 0.65 million. That was inferior than the volume of 1.09 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 24.44%. Additionally, its Average True Range was 0.25.
During the past 100 days, Cerence Inc’s (CRNC) raw stochastic average was set at 0.33%, which indicates a significant decrease from 4.64% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 74.50% in the past 14 days, which was lower than the 108.93% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $3.10, while its 200-day Moving Average is $12.16. However, in the short run, Cerence Inc’s stock first resistance to watch stands at $2.51. Second resistance stands at $2.58. The third major resistance level sits at $2.63. If the price goes on to break the first support level at $2.38, it is likely to go to the next support level at $2.33. The third support level lies at $2.26 if the price breaches the second support level.
Cerence Inc (NASDAQ: CRNC) Key Stats
With a market capitalization of 101.94 million, the company has a total of 41,777K Shares Outstanding. Currently, annual sales are 294,480 K while annual income is -56,250 K. The company’s previous quarter sales were 67,830 K while its latest quarter income was -277,980 K.
