Cerence Inc (NASDAQ: CRNC) kicked off on Friday, up 5.42% from the previous trading day, before settling in for the closing price of $2.77. Over the past 52 weeks, CRNC has traded in a range of $2.34-$21.67.
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Annual sales at Technology sector company grew by 0.15% over the past five years. While this was happening, its average annual earnings per share was recorded 152.38%. With a float of $39.09 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 and Institutional Ownership
Our next focus will be how large-scale investors are participating in this stock of the Software – Application Industry. The insider ownership of Cerence Inc is 6.50%, while institutional ownership is 89.06%. The most recent insider transaction that took place on Oct 07 ’24, was worth 32,955. In this transaction Director of this company sold 11,403 shares at a rate of $2.89, taking the stock ownership to the 206,054 shares. Before that another transaction happened on Oct 07 ’24, when Company’s VP Corporate Controller sold 2,225 for $2.89, making the entire transaction worth $6,430. This insider now owns 37,965 shares in total.
Cerence Inc (CRNC) Latest Financial update
According to the Wall Street analysts, stocks earnings will be around 152.38% per share during the next fiscal year.
Cerence Inc (NASDAQ: CRNC) Trading Performance Indicators
Take a look at Cerence Inc’s (CRNC) current performance indicators. Last quarter, 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 0.34. Likewise, its price to free cash flow for the trailing twelve months is 7.25.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -13.92, a number that is poised to hit -0.36 in the next quarter and is forecasted to reach -0.01 in one year’s time.
Technical Analysis of Cerence Inc (CRNC)
Cerence Inc (NASDAQ: CRNC) saw its 5-day average volume 0.82 million, a negative change from its year-to-date volume of 1.23 million. As of the previous 9 days, the stock’s Stochastic %D was 14.72%. Additionally, its Average True Range was 0.27.
During the past 100 days, Cerence Inc’s (CRNC) raw stochastic average was set at 33.14%, which indicates a significant increase from 12.36% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 73.63% in the past 14 days, which was lower than the 106.05% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $3.02, while its 200-day Moving Average is $7.97. Nevertheless, the first resistance level for the watch stands at $2.98 in the near term. At $3.05, the stock is likely to face the second major resistance level. The third major resistance level sits at $3.14. If the price goes on to break the first support level at $2.82, it is likely to go to the next support level at $2.73. The third support level lies at $2.66 if the price breaches the second support level.
Cerence Inc (NASDAQ: CRNC) Key Stats
The company with the Market Capitalisation of 122.06 million has total of 41,777K Shares Outstanding. Its annual sales at the moment are 294,480 K in contrast with the sum of -56,250 K annual income. Company’s last quarter sales were recorded 70,540 K and last quarter income was -313,540 K.
