During the last session, Cerence Inc (NASDAQ:CRNC)’s traded shares were 0.45 million, with the beta value of the company hitting 2.55. At the end of the trading day, the stock’s price was $9.71, reflecting an intraday gain of 3.41% or $0.32. The 52-week high for the CRNC share is $36.79, that puts it down -278.89 from that peak though still a striking 3.71% gain since the share price plummeted to a 52-week low of $9.35. The company’s market capitalization is $404.62M, and the average trade volume was 516.20K shares over the past three months.
Cerence Inc (NASDAQ:CRNC) trade information
Cerence Inc (CRNC) registered a 3.41% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 3.41% in intraday trading to $9.71, hitting a weekly high. The stock’s 5-day price performance is -6.18%, and it has moved by -37.35% in 30 days. Based on these gigs, the overall price performance for the year is -61.57%.
Cerence Inc (CRNC) estimates and forecasts
Statistics show that Cerence Inc has outperformed its competitors in share price, compared to the industry in which it operates. Cerence Inc (CRNC) shares have gone down -37.64% during the last six months, with a year-to-date growth rate more than the industry average at 252.78% against 11.40. In the rating firms’ projections, revenue will increase 22.20% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 62.15M as predicted by 9 analyst(s). Meanwhile, a consensus of 9 analyst(s) estimates revenue growth to 75.46M by the end of current fiscal year.
While earnings are projected to return 274.68% in 2024, the next five years will return 15.00% per annum.
CRNC Dividends
Cerence Inc is due to release its next quarterly earnings in May. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
