Cerence Inc (NASDAQ: CRNC) on Tuesday, plunged -8.36% from the previous trading day, before settling in for the closing price of $7.06. Within the past 52 weeks, CRNC’s price has moved between $2.34 and $21.67.
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During the last 5-year period, the sales growth of Technology Sector giant was 2.63%. The company achieved an average annual earnings per share of -95.82%. With a float of $39.09 million, this company’s outstanding shares have now reached $41.92 million.
Let’s determine the extent of company efficiency that accounts for 1400 employees. In terms of profitability, gross margin is 73.52%, operating margin of -97.52%, and the pretax margin is -176.35%.
Cerence Inc (CRNC) Insider Activity
Observing investor behavior towards Software – Application industry stocks is more important than anything else. The insider ownership of Cerence Inc is 6.49%, while institutional ownership is 80.73%. The most recent insider transaction that took place on Nov 25 ’24, was worth 87,154. In this transaction Director of this company sold 12,088 shares at a rate of $7.21, taking the stock ownership to the 188,966 shares. Before that another transaction happened on Nov 25 ’24, when Company’s VP Corporate Controller sold 635 for $7.21, making the entire transaction worth $4,578. This insider now owns 37,330 shares in total.
Cerence Inc (CRNC) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around -95.82% 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 1.20 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 0.82. Likewise, its price to free cash flow for the trailing twelve months is 22.96.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -14.12, a number that is poised to hit -0.26 in the next quarter and is forecasted to reach 0.36 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 21.02 million, which is a jump from its year-to-date volume of 1.63 million. As of the previous 9 days, the stock’s Stochastic %D was 84.17%. Additionally, its Average True Range was 0.64.
During the past 100 days, Cerence Inc’s (CRNC) raw stochastic average was set at 76.62%, which indicates a significant increase from 74.44% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 316.85% in the past 14 days, which was higher than the 158.36% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $3.32, while its 200-day Moving Average is $6.27. However, in the short run, Cerence Inc’s stock first resistance to watch stands at $6.92. Second resistance stands at $7.37. The third major resistance level sits at $7.74. If the price goes on to break the first support level at $6.10, it is likely to go to the next support level at $5.73. Should the price break the second support level, the third support level stands at $5.28.
Cerence Inc (NASDAQ: CRNC) Key Stats
Market capitalization of the company is 270.48 million based on 41,804K 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.
