Cerence Inc (NASDAQ: CRNC): Can The Stock Still Lose Despite An -66.02% YTD Loss?

Cerence Inc (NASDAQ:CRNC)’s traded shares stood at 1.25 million during the latest session, with the company’s beta value hitting 2.55. At the last check today, the stock’s price was $6.68, to imply a decrease of -30.13% or -$2.88 in intraday trading. The CRNC share’s 52-week high remains $36.79, putting it -450.75% down since that peak but still an impressive -33.38% since price per share fell to its 52-week low of $8.91. The company has a valuation of $278.36M, with an average of 510.59K shares over the past 3 months.

Cerence Inc (NASDAQ:CRNC) trade information

After registering a -30.13% downside in the latest session, Cerence Inc (CRNC) has traded red over the past five days. The stock hit a weekly high of 10.36, dropping -30.13% in its intraday price action. The 5-day price performance for the stock is -31.42%, and -49.16% over 30 days. With these gigs, the year-to-date price performance is -66.02%.

Cerence Inc (CRNC) estimates and forecasts

Looking at statistics comparing Cerence Inc share performance against respective industry, we note that the company has outperformed competitors. Cerence Inc (CRNC) shares are -59.54% down over the last 6 months, with its year-to-date growth rate higher than industry average at 252.78% against 9.40%. The rating firms project that company’s revenue will grow 22.20% compared to the previous financial year.

Revenue forecast for the current quarter as set by 9 analysts is 62.15M. Meanwhile, for the current quarter, a total of 9 analyst(s) estimate revenue growth to 75.46M.

CRNC Dividends

Cerence Inc has its next earnings report out in June. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Cerence Inc has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.