In the last trading session, 2.03 million Cerence Inc (NASDAQ:CRNC) shares changed hands as the company’s beta touched 2.86. With the company’s per share price at $12.55 changed hands at -$0.91 or -6.76% during last session, the market valuation stood at $542.15M. CRNC’s last price was a discount, traded about -119.12% off its 52-week high of $27.50. The share price had its 52-week low at $2.34, which suggests the last value was 81.35% up since then.
Analysts gave the Cerence Inc (CRNC) stock a consensus recommendation rating of Hold, calculated at a mean rating of 2.43. If we narrow down to specifics, the data shows that 2 out of 11 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 6 recommended CRNC as a Hold, 3 felt it is a Buy and 0 rated the stock as Underweight. Cerence Inc’s EPS for the current quarter is expected to be 0.3.
Cerence Inc (NASDAQ:CRNC) trade information
Instantly CRNC was in red as seen at the end of in last trading. With action -13.57%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 59.87%, with the 5-day performance at -13.57% in the red. However, in the 30-day time frame, Cerence Inc (NASDAQ:CRNC) is -14.10% down.
The consensus price target for the stock as assigned by Wall Street analysts is 15, meaning bulls need an upside of 16.33% from its current market value. According to analyst projections, CRNC’s forecast low is 3.3 with 76 as the target high. To hit the forecast high, the stock’s price needs a -505.58% plunge from its current level, while the stock would need to tank 73.71% for it to hit the projected low.
Cerence Inc (CRNC) estimates and forecasts
Year-over-year growth is forecast to reach -26.58% down from the last financial year.
Consensus estimates given by 7 financial analysts project the company’s revenue in the current quarter to hit an average of 75.41M. 7 analysts are of the opinion that Cerence Inc’s revenue for the current quarter will be 58.8M. The company’s revenue for the corresponding quarters a year ago was 67.83M and 70.54M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 11.18%. The estimates for the next quarter sales put growth at -16.64%.
The 2025 estimates are for Cerence Inc earnings to decrease by -88.04%, but the outlook for the next 5-year period is at -20.56% per year.
Cerence Inc (NASDAQ:CRNC)’s Major holders
AMERICAN CAPITAL MANAGEMENT INC holds the second largest percentage of outstanding shares, with 9.2819% or 3.88 million shares worth $10.98 million as of 2024-06-30.
Among Mutual Funds, the top two as of Sep 30, 2024 were Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF. With 1.27 shares estimated at $15.97 million under it, the former controlled 2.95% of total outstanding shares. On the other hand, iShares Russell 2000 ETF held about 2.76% of the shares, roughly 1.19 shares worth around $14.97 million.
