Cerence Inc (NASDAQ: CRNC) kicked off on Friday, up 143.76% from the previous trading day, before settling in for the closing price of $7.93. Over the past 52 weeks, CRNC has traded in a range of $2.34-$21.67.
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Technology Sector giant saw their annual sales surged by 2.63% over the last five years. While this was happening, its average annual earnings per share was recorded -94.08%. With a float of $39.88 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
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 7.22%, while institutional ownership is 78.69%. The most recent insider transaction that took place on Jan 02 ’25, was worth 39,900. In this transaction Director of this company sold 5,000 shares at a rate of $7.98, taking the stock ownership to the 178,966 shares. Before that another transaction happened on Jan 02 ’25, when Company’s Director proposed sale 5,000 for $7.98, making the entire transaction worth $39,900.
Cerence Inc (CRNC) Earnings and Forecasts
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 6.11. Likewise, its price to free cash flow for the trailing twelve months is 171.95.
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 33.69 million was lower than the volume posted last year of 81.72 million. As of the previous 9 days, the stock’s Stochastic %D was 56.38%. Additionally, its Average True Range was 1.61.
During the past 100 days, Cerence Inc’s (CRNC) raw stochastic average was set at 96.81%, which indicates a significant increase from 95.75% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 363.75% in the past 14 days, which was higher than the 210.39% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $5.96, while its 200-day Moving Average is $5.45. Now, the first resistance to watch is $22.68. This is followed by the second major resistance level at $26.04. The third major resistance level sits at $32.18. If the price goes on to break the first support level at $13.18, it is likely to go to the next support level at $7.04. Should the price break the second support level, the third support level stands at $3.68.
Cerence Inc (NASDAQ: CRNC) Key Stats
The company with the Market Capitalisation of 2.03 billion has total of 42,988K 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.
