In recent trading session, Cerence Inc (NASDAQ:CRNC) saw 0.56 million shares changing hands at last check today with its beta currently measuring 2.66. Company’s recent per share price level of $7.85 trading at $0.15 or 1.95% at last check today assigns it a market valuation of $337.46M. That most recent trading price of CRNC’s stock is at a discount of -176.05% from its 52-week high price of $21.67 and is indicating a premium of 70.19% from its 52-week low price of $2.34. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 2.25 million shares which gives us an average trading volume of 3.30 million if we extend that period to 3-months.

For Cerence Inc (CRNC), analysts’ consensus is at an average recommendation of Hold while assigning it a mean rating of 2.71. Splitting up the data highlights that, out of 11 analysts covering the stock, 2 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 6 suggested the stock as a Hold whereas 3 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.26 in the current quarter.

Cerence Inc (NASDAQ:CRNC) trade information

Upright in the green today for gaining 1.95%, in the last five days CRNC remained trading in the green while hitting it’s week-highest on Tuesday, 12/17/24 when the stock touched $7.85 price level, adding 10.59% to its value on the day. Cerence Inc’s shares saw a change of -60.07% in year-to-date performance and have moved 14.77% in past 5-day. Cerence Inc (NASDAQ:CRNC) showed a performance of 164.31% in past 30-days. Number of shares sold short was 6.56 million shares which calculate 3.71 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 3.3 to the stock, which implies a fall of -137.88% to its recent value today. Analysts have been projecting 3.3 as a low price target for the stock while placing it at a high target of 3.3. It follows that stock’s current price would jump 57.96% in reaching the projected high whereas dropping to the targeted low would mean a gain of 57.96% for stock’s current value.

Cerence Inc (CRNC) estimates and forecasts

Statistics highlight that Cerence Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company added 147.63% of value to its shares in past 6 months, showing an annual growth rate of -87.80% while that of industry is 14.00. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -26.90% from the last financial year’s standing.

6 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 49.08M for the same. And 6 analysts are in estimates of company making revenue of 61.86M in the next quarter. Company posted 138.34M and 67.83M of sales in current and next quarters respectively a year earlier.

In 2024, company’s earnings growth rate is likely to be around -94.08% while estimates for its earnings growth in next 5 years are of 15.00%.

Cerence Inc (NASDAQ:CRNC)’s Major holders

Insiders are in possession of 5.74% of company’s total shares while institution are holding 83.41 percent of that, with stock having share float percentage of 88.49%. Investors also watch the number of corporate investors in a company very closely, which is 83.41% institutions for Cerence Inc that are currently holding shares of the company. VANGUARD GROUP INC is the top institutional holder at CRNC for having 3.98 million shares of worth $11.26 million. And as of 2024-06-30, it was holding 9.5398 of the company’s outstanding shares.

The second largest institutional holder is AMERICAN CAPITAL MANAGEMENT INC, which was holding about 3.88 million shares on 2024-06-30. The number of shares represents firm’s hold over 9.2977 of outstanding shares, having a total worth of $10.98 million.