In last trading session, Cerence Inc (NASDAQ:CRNC) saw 0.63 million shares changing hands with its beta currently measuring 2.55. Company’s recent per share price level of $10.15 trading at $0.41 or 4.21% at ring of the bell on the day assigns it a market valuation of $422.95M. That closing price of CRNC’s stock is at a discount of -262.46% from its 52-week high price of $36.79 and is indicating a premium of 12.22% from its 52-week low price of $8.91. Taking a look at company’s average trading volume volume of 537.64K if we extend that period to 3-months.
Cerence Inc (NASDAQ:CRNC) trade information
Upright in the green during last session for gaining 4.21%, in the last five days CRNC remained trading in the green while hitting it’s week-highest on Friday, 05/03/24 when the stock touched $10.15 price level, adding 0.59% to its value on the day. Cerence Inc’s shares saw a change of -48.37% in year-to-date performance and have moved 4.53% in past 5-day. Cerence Inc (NASDAQ:CRNC) showed a performance of -29.56% in past 30-days.
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Cerence Inc (CRNC) estimates and forecasts
Statistics highlight that Cerence Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -31.60% of value to its shares in past 6 months, showing an annual growth rate of 252.78% while that of industry is 11.30. Apart from that, the company came raising its revenue forecast for fiscal year 2024.
In 2024, company’s earnings growth rate is likely to be around 274.68% while estimates for its earnings growth in next 5 years are of 15.00%.
CRNC Dividends
Cerence Inc is more likely to be releasing its next quarterly report between May 07 and May 13 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
