In last trading session, Cerence Inc. (NASDAQ:CRNC) saw 1,262,366 shares changing hands. Company’s recent per share price level of $42.19 trading at -$0.4 or -0.94% at ring of the bell on the day assigns it a market valuation of $1.54 Billion. That closing price of CRNC’s stock is at a discount of -7.49% from its 52-week high price of $45.35 and is indicating a premium of 73% from its 52-week low price of $11.39. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.25 Million shares which gives us an average trading volume of 995.9 Million if we extend that period to 3-months.
For Cerence Inc. (CRNC), analysts’ consensus is at an average recommendation of Overweight while assigning it a mean rating of 2. Splitting up the data highlights that, out of 7 analysts covering the stock, 1 rated the stock as a Sell while 1 recommended an Overweight rating for the stock. None suggested the stock as a Hold whereas 5 see the stock as a Buy. None analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $0.07 in the current quarter.
Cerence Inc. (NASDAQ:CRNC) trade information
In the face of being in the red today for losing -0.94%, in the last five days CRNC remained trading in the green while hitting it’s week-highest on Monday, Jun 22 when the stock touched $45.35- price level, adding 6.97% to its value on the day. Cerence Inc.’s shares saw a change of 86.43% in year-to-date performance and have moved -2.63% in past 5-day. Cerence Inc. (NASDAQ:CRNC) showed a performance of 27.08% in past 30-days. Number of shares sold short was 4.78 Million shares which calculate 0 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $36.43 to the stock, which implies targetted prices is already lagging behind -13.65% to its current value. Analysts have been projecting $17 as a low price target for the stock while placing it at a high target of $47. It follows that stock’s current price would jump +11.4% in reaching the projected high whereas dropping to the targeted low would mean a loss of -59.71% for stock’s current value.
Cerence Inc. (CRNC) estimates and forecasts
7 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $62.94 Million for the same. And 7 analysts are in estimates of company making revenue of $75.17 Million in the next quarter that will end in September 01, 2020.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 0% during past 5 years. In 2020, company’s earnings growth rate is likely to be around -41.6% while estimates for its earnings growth in next 5 years are of 15%
Cerence Inc. (NASDAQ:CRNC)’s Major holders
Insiders are in possession of 0.23% of company’s total shares while institution are holding 89.34% percent of that, with stock having share float percentage of 89.54%. Investors also watch the number of corporate investors in a company very closely, which is 305 institutions for Cerence Inc. that are currently holding shares of the company. Ameriprise Financial, Inc. is the top institutional holder at CRNC for having 3.55 Million shares of worth $54.65 Million. And as of March 30, 2020, it was holding 9.72% of the company’s outstanding shares.
The second largest institutional holder is Vanguard Group, Inc. (The), which was holding about 3.16 Million shares on March 30, 2020. The number of shares represents firm’s hold over 8.66% of outstanding shares, having a total worth of $48.67 Million.
On the other hand, Columbia Fds Ser Tr II-Columbia Seligman Communications & Information and Legg Mason Clearbridge Aggressive Growth Fd are the top two Mutual Funds which own company’s shares. As of February 28, 2020, the former fund manager was holding 2452663 shares of worth $53.25 Million or 6.72% of the total outstanding shares. The later fund manager was in possession of 1.02 Million shares on February 28, 2020, making its stake of worth around $22.1 Million in the company or a holder of 2.79% of company’s stock.