Cerence Inc (NASDAQ:CRNC)’s traded shares stood at 3.45 million during the latest session, with the company’s beta value hitting 2.65. At the last check today, the stock’s price was $13.26, to imply a decrease of -1.01% or -$0.14 in intraday trading. The CRNC share’s 52-week high remains $27.50, putting it -107.39% down since that peak but still an impressive 82.35% since price per share fell to its 52-week low of $2.34. The company has a valuation of $570.03M, with an average of 28.54 million shares in intraday trading volume over the past 10 days and average of 7.47 million shares over the past 3 months.
Analysts have given a consensus recommendation of Hold for Cerence Inc (CRNC), translating to a mean rating of 2.71. Of 11 analyst(s) looking at the stock, 2 analyst(s) give CRNC a Sell rating. 0 of those analysts rate the stock as Overweight while 6 advise Hold as 3 recommend it as a Buy.
Cerence Inc (NASDAQ:CRNC) trade information
After registering a -1.01% downside in the latest session, Cerence Inc (CRNC) has traded red over the past five days. The 5-day price performance for the stock is -15.27%, and 80.16% over 30 days. With these gigs, the year-to-date price performance is 68.92%. Short interest in Cerence Inc (NASDAQ:CRNC) saw shorts transact 6.56 million shares and set a 3.71 days time to cover.
The extremes give us $3.3 and $3.3 for target low and target high price respectively. As such, CRNC has been trading 75.11% off suggested target high and 75.11% from its likely low.
Cerence Inc (CRNC) estimates and forecasts
Looking at statistics comparing Cerence Inc share performance against respective industry, we note that the company has underperformed competitors. Cerence Inc (CRNC) shares are 319.62% up over the last 6 months, with its year-to-date growth rate lower than industry average at -87.80% against 14.80%.
CRNC Dividends
Cerence Inc has its next earnings report out in February. 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 (NASDAQ:CRNC)’s Major holders
Cerence Inc insiders hold 5.74% of total outstanding shares, with institutional holders owning 83.41% of the shares at 88.49% float percentage. In total, 83.41% institutions holds shares in the company, led by VANGUARD GROUP INC. As of 2024-06-30, the company held over 3.98 million shares (or 9.5398% of shares), all amounting to roughly $11.26 million.
The next major institution holding the largest number of shares is AMERICAN CAPITAL MANAGEMENT INC with 3.88 million shares, or about 9.2977% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $10.98 million.
We also have Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF as the top two Mutual Funds with the largest holdings of the Cerence Inc (CRNC) shares. Going by data provided on Sep 30, 2024, Vanguard Total Stock Market Index Fund holds roughly 1.27 shares. This is just over 2.96% of the total shares, with a market valuation of $16.66 million. Data from the same date shows that the other fund manager holds a little less at 1.1, or 2.56% of the shares, all valued at about 14.39 million.
