In the last trading session, 1.92 million shares of the Cerence Inc (NASDAQ:CRNC) were traded, and its beta was 2.86. Most recently the company’s share price was $10.33, and it changed around -$1.08 or -9.47% from the last close, which brings the market valuation of the company to $446.25M. CRNC currently trades at a discount to its 52-week high of $27.50, offering almost -166.21% off that amount. The share price’s 52-week low was $2.34, which indicates that the current value has risen by an impressive 77.35% since then.
Cerence Inc stock received a consensus recommendation rating of Hold, based on a mean score of 2.43. If we narrow it down even further, the data shows that 0 out of 7 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 5 recommended CRNC as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight. Cerence Inc is expected to report earnings per share of 0.3 for the current quarter.
Cerence Inc (NASDAQ:CRNC) trade information
Instantly CRNC has showed a red trend with a performance of -9.47% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 12.54 on recent trading dayincreased the stock’s daily price by 17.62%. The company’s shares are currently up 31.59% year-to-date, but still down -16.69% over the last five days. On the other hand, Cerence Inc (NASDAQ:CRNC) is -23.71% down in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $15, which translates to bulls needing to increase their stock price by 31.13% from its current value. Analyst projections state that CRNC is forecast to be at a low of $3.3 and a high of $76.
Cerence Inc (CRNC) estimates and forecasts
The year-over-year growth rate is expected to be -26.58%, down from the previous year.
Consensus estimates provided by 7 financial analysts predict the company will bring in an average of 75.41M in revenue for the current quarter. 7 analysts expect Cerence Inc to make 58.8M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 67.83M and 70.54M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 11.18%. Forecasts for the next quarter put sales growth at -16.64%.
Cerence Inc earnings are expected to increase by -88.04% in 2025, but the outlook is negative -20.56% per year for the next five years.
CRNC Dividends
Cerence Inc’s next quarterly earnings report is expected to be released in April.
AMERICAN CAPITAL MANAGEMENT INC, with 9.2819% or 3.88 million shares worth $10.98 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
