On Friday, Cerence Inc (NASDAQ: CRNC) was 7.60% up from the session before settling in for the closing price of $6.84. A 52-week range for CRNC has been $2.34 – $21.67.
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Technology Sector giant saw their annual sales surged by 2.63% over the last five years. When this article was written, the company’s average yearly earnings per share was at -94.08%. With a float of $39.74 million, this company’s outstanding shares have now reached $41.92 million.
The firm has a total of 1400 workers. Let’s measure their productivity. 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
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Cerence Inc stocks. The insider ownership of Cerence Inc is 7.22%, 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) Earnings and Forecasts
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
You can see what Cerence Inc (CRNC) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 1.20. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.02. Likewise, its price to free cash flow for the trailing twelve months is 28.79.
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)
Analysing the last 5-days average volume posted by the [Cerence Inc, CRNC], we can find that recorded value of 2.26 million was better than the volume posted last year of 1.68 million. As of the previous 9 days, the stock’s Stochastic %D was 20.15%. Additionally, its Average True Range was 0.78.
During the past 100 days, Cerence Inc’s (CRNC) raw stochastic average was set at 71.82%, which indicates a significant increase from 37.45% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 114.86% in the past 14 days, which was lower than the 161.82% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $4.49, while its 200-day Moving Average is $5.82. Now, the first resistance to watch is $7.68. This is followed by the second major resistance level at $8.01. The third major resistance level sits at $8.49. If the price goes on to break the first support level at $6.87, it is likely to go to the next support level at $6.39. Should the price break the second support level, the third support level stands at $6.06.
Cerence Inc (NASDAQ: CRNC) Key Stats
There are 42,828K outstanding shares of the company, which has a market capitalization of 339.17 million. As of now, sales total 331,500 K while income totals -588,080 K. Its latest quarter income was 54,800 K while its last quarter net income were -20,420 K.
