Cerence Inc (NASDAQ: CRNC) kicked off on Friday, up 11.99% from the previous trading day, before settling in for the closing price of $7.42. Over the past 52 weeks, CRNC has traded in a range of $2.34-$21.67.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Technology sector was 2.63%. While this was happening, its average annual earnings per share was recorded -94.08%. With a float of $39.66 million, this company’s outstanding shares have now reached $41.92 million.
Considering the fact that the conglomerate employs 1400 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 73.52%, operating margin of -97.52%, and the pretax margin is -176.35%.
Cerence Inc (CRNC) Breakdown of a Key Holders of the stock
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 7.41%, while institutional ownership is 78.85%. The most recent insider transaction that took place on Dec 02 ’24, was worth 36,800. In this transaction Director of this company sold 5,000 shares at a rate of $7.36, taking the stock ownership to the 183,966 shares. Before that another transaction happened on Dec 02 ’24, when Company’s Director proposed sale 5,000 for $7.36, making the entire transaction worth $36,800.
Cerence Inc (CRNC) Recent Fiscal highlights
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 -94.08% 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 1.20. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.20. Likewise, its price to free cash flow for the trailing twelve months is 33.84.
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 0.35 in one year’s time.
Technical Analysis of Cerence Inc (CRNC)
Compared to the last year’s volume of 1.67 million, its volume of 3.06 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 70.28%. Additionally, its Average True Range was 0.73.
During the past 100 days, Cerence Inc’s (CRNC) raw stochastic average was set at 93.28%, which indicates a significant increase from 92.76% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 309.28% in the past 14 days, which was higher than the 159.63% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $4.00, while its 200-day Moving Average is $5.99. Nevertheless, the first resistance level for the watch stands at $8.63 in the near term. At $8.95, the stock is likely to face the second major resistance level. The third major resistance level sits at $9.49. If the price goes on to break the first support level at $7.78, it is likely to go to the next support level at $7.24. Now, if the price goes above the second support level, the third support stands at $6.92.
Cerence Inc (NASDAQ: CRNC) Key Stats
The company with the Market Capitalisation of 398.59 million has total of 42,828K Shares Outstanding. Its annual sales at the moment are 331,500 K in contrast with the sum of -588,080 K annual income. Company’s last quarter sales were recorded 54,800 K and last quarter income was -20,420 K.
