In the last trading session, 1.52 million Cerence Inc (NASDAQ:CRNC) shares changed hands as the company’s beta touched 2.86. With the company’s per share price at $12.40 changed hands at -$0.15 or -1.20% during last session, the market valuation stood at $535.67M. CRNC’s last price was a discount, traded about -121.77% 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 81.13% 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 -9.75%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 57.96%, with the 5-day performance at -9.75% in the red. However, in the 30-day time frame, Cerence Inc (NASDAQ:CRNC) is -11.55% down.
The consensus price target for the stock as assigned by Wall Street analysts is 15, meaning bulls need an upside of 17.33% 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 -512.9% plunge from its current level, while the stock would need to tank 73.39% 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.
CRNC Dividends
Cerence Inc is expected to release its next quarterly earnings report in March.
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 $15.78 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 $14.79 million.
