During the last session, Cerence Inc (NASDAQ:CRNC)’s traded shares were 2.86 million, with the beta value of the company hitting 2.85. At the end of the trading day, the stock’s price was $14.28, reflecting an intraday loss of -2.53% or -$0.37. The 52-week high for the CRNC share is $27.50, that puts it down -92.58 from that peak though still a striking 83.61% gain since the share price plummeted to a 52-week low of $2.34. The company’s market capitalization is $616.89M, and the average intraday trading volume over the past 10 days was 4.23 million shares, and the average trade volume was 8.75 million shares over the past three months.
Cerence Inc (CRNC) received a consensus recommendation of Hold from analysts. That translates to a mean rating of 2.43. CRNC has a Sell rating from 2 analyst(s) out of 11 analysts who have looked at this stock. 6 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 3 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.32.
Cerence Inc (NASDAQ:CRNC) trade information
Cerence Inc (CRNC) registered a -2.53% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -2.53% in intraday trading to $14.28, hitting a weekly high. The stock’s 5-day price performance is 9.01%, and it has moved by 3.78% in 30 days. Based on these gigs, the overall price performance for the year is -14.34%. The short interest in Cerence Inc (NASDAQ:CRNC) is 6.56 million shares and it means that shorts have 3.71 day(s) to cover.
The consensus price target of analysts on Wall Street is $15, which implies an increase of 4.8% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $3.3 and $76 respectively. As a result, CRNC is trading at a discount of -432.21% off the target high and 76.89% off the low.
Cerence Inc (CRNC) estimates and forecasts
In the rating firms’ projections, revenue will decrease -26.58% 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 75.81M as predicted by 6 analyst(s). Meanwhile, a consensus of 6 analyst(s) estimates revenue growth to 57.44M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 67.83M and 70.54M respectively. In this case, analysts expect current quarter sales to grow by 11.77% and then drop by -18.58% in the coming quarter.
While earnings are projected to return -88.15% in 2025, the next five years will return -20.56% per annum.
CRNC Dividends
Cerence Inc is due to release its next quarterly earnings in March. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
The next largest institutional holding, with 3.88 million shares, is of AMERICAN CAPITAL MANAGEMENT INC’s that is approximately 9.2977% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $10.98 million.
