A new trading day began on Friday, with Cerence Inc (NASDAQ: CRNC) stock price down -4.62% from the previous day of trading, before settling in for the closing price of $3.46. CRNC’s price has ranged from $2.34 to $26.55 over the past 52 weeks.
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Annual sales at Technology sector company grew by 2.02% over the past five years. Meanwhile, its annual earnings per share averaged 152.96%. With a float of $40.07 million, this company’s outstanding shares have now reached $40.42 million.
Let’s look at the performance matrix of the company that is accounted 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) Insider Updates
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 4.15%, while institutional ownership is 90.01%. 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) Performance Highlights and Predictions
In its latest quarterly report, released on 6/30/2024, the company reported earnings of 0.09 per share, which was $0.1 lower than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). 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
Here are Cerence Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.27. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.39. Likewise, its price to free cash flow for the trailing twelve months is 8.19.
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)
Cerence Inc (NASDAQ: CRNC) saw its 5-day average volume 1.46 million, a positive change from its year-to-date volume of 1.11 million. As of the previous 9 days, the stock’s Stochastic %D was 56.58%. Additionally, its Average True Range was 0.30.
During the past 100 days, Cerence Inc’s (CRNC) raw stochastic average was set at 8.22%, which indicates a significant decrease from 71.32% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 93.50% in the past 14 days, which was lower than the 119.31% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $3.00, while its 200-day Moving Average is $10.91. Nevertheless, the first resistance level for the watch stands at $3.49 in the near term. At $3.69, the stock is likely to face the second major resistance level. The third major resistance level sits at $3.86. If the price goes on to break the first support level at $3.13, it is likely to go to the next support level at $2.96. Assuming the price breaks the second support level, the third support level stands at $2.76.
Cerence Inc (NASDAQ: CRNC) Key Stats
With a market capitalization of 137.94 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 70,540 K while its latest quarter income was -313,540 K.
