Cerence Inc (NASDAQ: CRNC) on Monday, plunged -5.36% from the previous trading day, before settling in for the closing price of $2.52. Within the past 52 weeks, CRNC’s price has moved between $2.34 and $27.27.
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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. The company achieved an average annual earnings per share of 148.96%. 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
Observing investor behavior towards Software – Application industry stocks is more important than anything else. The insider ownership of Cerence Inc is 4.45%, while institutional ownership is 93.45%. 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 148.96% per share during the next fiscal year.
Cerence Inc (NASDAQ: CRNC) Trading Performance Indicators
Cerence Inc (CRNC) is currently performing well based on its current performance indicators. A quick ratio of 1.27 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.28. Likewise, its price to free cash flow for the trailing twelve months is 5.92.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -13.92, a number that is poised to hit -0.35 in the next quarter and is forecasted to reach -0.07 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 1.36 million. That was better than the volume of 1.1 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 21.34%. Additionally, its Average True Range was 0.29.
During the past 100 days, Cerence Inc’s (CRNC) raw stochastic average was set at 0.33%, which indicates a significant decrease from 4.39% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 105.09% in the past 14 days, which was lower than the 113.03% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.99, while its 200-day Moving Average is $11.80. However, in the short run, Cerence Inc’s stock first resistance to watch stands at $2.48. 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 $2.33, it is likely to go to the next support level at $2.28. The third support level lies at $2.18 if the price breaches the second support level.
Cerence Inc (NASDAQ: CRNC) Key Stats
Market capitalization of the company is 99.65 million based on 41,777K outstanding shares. Right now, sales total 294,480 K and income totals -56,250 K. The company made 67,830 K in profit during its latest quarter, and -277,980 K in sales during its previous quarter.
