Cerence Inc (NASDAQ: CRNC) on Monday, plunged -5.54% from the previous trading day, before settling in for the closing price of $3.61. Within the past 52 weeks, CRNC’s price has moved between $2.34 and $26.55.
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During the last 5-year period, the sales growth of Technology Sector giant was 2.02%. The company achieved an average annual earnings per share of 152.96%. With a float of $40.07 million, this company’s outstanding shares have now reached $40.42 million.
Let’s determine the extent of company efficiency that accounts for 1700 employees. In terms of profitability, gross margin is 74.42%, operating margin of 16.34%, and the pretax margin is -157.75%.
Cerence Inc (CRNC) Breakdown of a Key Holders of the stock
Observing investor behavior towards Software – Application industry stocks is more important than anything else. The insider ownership of Cerence Inc is 4.15%, while institutional ownership is 90.04%. The most recent insider transaction that took place on Aug 01 ’24, was worth 15,750. In this transaction Director of this company sold 5,000 shares at a rate of $3.15, taking the stock ownership to the 227,457 shares. Before that another transaction happened on Aug 01 ’24, when Company’s Director proposed sale 5,000 for $3.15, making the entire transaction worth $15,750.
Cerence Inc (CRNC) Recent Fiscal highlights
As on 6/30/2024, Multinational firm has announced its last quarter scores, in which it reported 0.09 earnings per share (EPS) for the period falling under the consensus outlook (set at 0.15) by -0.06. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.05 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 152.96% 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 0.40. Likewise, its price to free cash flow for the trailing twelve months is 8.46.
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 -0.03 in one year’s time.
Technical Analysis of Cerence Inc (CRNC)
Looking closely at Cerence Inc (NASDAQ: CRNC), its last 5-days average volume was 1.19 million, which is a jump from its year-to-date volume of 1.1 million. As of the previous 9 days, the stock’s Stochastic %D was 87.12%. Additionally, its Average True Range was 0.30.
During the past 100 days, Cerence Inc’s (CRNC) raw stochastic average was set at 8.39%, which indicates a significant decrease from 79.85% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 115.70% in the past 14 days, which was lower than the 118.60% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.98, while its 200-day Moving Average is $11.18. However, in the short run, Cerence Inc’s stock first resistance to watch stands at $3.62. Second resistance stands at $3.84. The third major resistance level sits at $3.99. If the price goes on to break the first support level at $3.25, it is likely to go to the next support level at $3.10. Now, if the price goes above the second support level, the third support stands at $2.88.
Cerence Inc (NASDAQ: CRNC) Key Stats
Market capitalization of the company is 142.54 million based on 41,777K outstanding shares. Right now, sales total 294,480 K and income totals -56,250 K. The company made 70,540 K in profit during its latest quarter, and -313,540 K in sales during its previous quarter.
