A major move is in the offing as Cerence Inc (CRNC) market cap hits 426.80 million

On Monday, Cerence Inc (NASDAQ: CRNC) opened higher 3.24% from the last session, before settling in for the closing price of $9.57. Price fluctuations for CRNC have ranged from $2.34 to $27.50 over the past 52 weeks.

During the last 5-year period, the sales growth of Technology Sector giant was 2.63%. Company’s average yearly earnings per share was noted -88.04% at the time writing. With a float of $39.96 million, this company’s outstanding shares have now reached $42.99 million.

Let’s determine the extent of company efficiency that accounts for 1400 employees. In terms of profitability, gross margin is 67.52%, operating margin of -163.4%, and the pretax margin is -271.0%.

Cerence Inc (CRNC) Insider Activity

A key investor’s attitude towards the stock of the Software – Application industry is another important factor to consider. The insider ownership of Cerence Inc is 7.49%, while institutional ownership is 77.55%. The most recent insider transaction that took place on Feb 13 ’25, was worth 53,028. In this transaction EVP, Chief Revenue Officer of this company sold 3,600 shares at a rate of $14.73, taking the stock ownership to the 142,747 shares. Before that another transaction happened on Feb 03 ’25, when Company’s Director sold 5,000 for $11.68, making the entire transaction worth $58,400. This insider now owns 173,966 shares in total.

Cerence Inc (CRNC) Earnings and Forecasts

Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.08 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around -88.04% per share during the next fiscal year.

Cerence Inc (NASDAQ: CRNC) Trading Performance Indicators

Check out the current performance indicators for Cerence Inc (CRNC). In the past quarter, the stock posted a quick ratio of 1.27. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.75. Likewise, its price to free cash flow for the trailing twelve months is 18.22.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -15.22, a number that is poised to hit 0.30 in the next quarter and is forecasted to reach 0.40 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 0.97 million, which is a drop from its year-to-date volume of 7.54 million. As of the previous 9 days, the stock’s Stochastic %D was 39.20%. Additionally, its Average True Range was 0.94.

During the past 100 days, Cerence Inc’s (CRNC) raw stochastic average was set at 28.66%, which indicates a significant decrease from 45.50% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 75.28% in the past 14 days, which was lower than the 206.47% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $12.25, while its 200-day Moving Average is $6.28. However, in the short run, Cerence Inc’s stock first resistance to watch stands at $10.24. Second resistance stands at $10.59. The third major resistance level sits at $10.86. If the price goes on to break the first support level at $9.62, it is likely to go to the next support level at $9.35. Should the price break the second support level, the third support level stands at $9.00.

Cerence Inc (NASDAQ: CRNC) Key Stats

There are currently 43,199K shares outstanding in the company with a market cap of 426.80 million. Presently, the company’s annual sales total 331,500 K according to its annual income of -588,080 K. Last quarter, the company’s sales amounted to 50,900 K and its income totaled -24,290 K.