As on Thursday, Cerence Inc (NASDAQ: CRNC) started slowly as it slid -4.21% to $3.41, before settling in for the price of $3.56 at the close. Taking a more long-term approach, CRNC posted a 52-week range of $2.34-$26.55.
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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 152.96%. This publicly-traded company’s shares outstanding now amounts to $40.42 million, simultaneously with a float of $39.82 million. The organization now has a market capitalization sitting at $142.54 million. At the time of writing, stock’s 50-day Moving Average stood at $2.96, while the 200-day Moving Average is $11.31.
Cerence Inc (CRNC) Ownership Facts and Figures
Another important factor to analyze is how key investors are playing towards the stock of the Software – Application industry. Cerence Inc’s current insider ownership accounts for 4.75%, in contrast to 90.05% institutional ownership. According to the most recent insider trade that took place on Aug 01 ’24, this organization’s Director sold 5,000 shares at the rate of 3.15, making the entire transaction reach 15,750 in total value, affecting insider ownership by 227,457.
Cerence Inc (CRNC) Earnings and Revenue Records
Cerence Inc’s EPS increase for this current 12-month fiscal period is 152.96% and is forecasted to reach -0.03 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 1.27. The Stock has managed to achieve an average true range (ATR) of 0.30. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 0.40. Similarly, its price to free cash flow for trailing twelve months is now 8.46.
In the same vein, CRNC’s Diluted EPS (Earnings per Share) trailing twelve months is recorded -13.92, a figure that is expected to reach -0.35 in the next quarter, and analysts are predicting that it will be -0.03 at the market close of one year from today.
Technical Analysis of Cerence Inc (CRNC)
Through scrutinizing the latest numbers posted by the [Cerence Inc, CRNC], it can be observed that its last 5-days Average volume of 1.1 million was better the volume of 1.1 million, it posted the year before. During the previous 9 days, stock’s Stochastic %D was recorded 90.61% While, its Average True Range was 0.31.
Raw Stochastic average of Cerence Inc (CRNC) in the period of the previous 100 days is set at 8.37%, which indicates a major fall in contrast to 84.58% 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 123.36% that was higher than 117.89% volatility it exhibited in the past 100-days period.
