In last trading session, Cerence Inc (NASDAQ:CRNC) saw 1.2 million shares changing hands with its beta currently measuring 3.00. Company’s recent per share price level of $8.42 trading at $0.53 or 6.72% at ring of the bell on the day assigns it a market valuation of $363.74M. That closing price of CRNC’s stock is at a discount of -226.6% from its 52-week high price of $27.50 and is indicating a premium of 72.21% from its 52-week low price of $2.34. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.16 million shares which gives us an average trading volume of 6.92 million if we extend that period to 3-months.
For Cerence Inc (CRNC), analysts’ consensus is at an average recommendation of Hold while assigning it a mean rating of 2.71. Splitting up the data highlights that, out of 11 analysts covering the stock, 2 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 6 suggested the stock as a Hold whereas 3 see the stock as a Buy. 0 analyst(s) advised it as an Underweight.
Cerence Inc (NASDAQ:CRNC) trade information
Upright in the green during last session for gaining 6.72%, in the last five days CRNC remained trading in the red while hitting it’s week-highest on Thursday, 03/27/25 when the stock touched $8.42 price level, adding 9.56% to its value on the day. Cerence Inc’s shares saw a change of 7.26% in year-to-date performance and have moved -11.18% in past 5-day. Cerence Inc (NASDAQ:CRNC) showed a performance of -18.57% in past 30-days. Number of shares sold short was 9.18 million shares which calculate 5.79 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 15 to the stock, which implies a rise of 43.87% to its current value. Analysts have been projecting 3.3 as a low price target for the stock while placing it at a high target of 76. It follows that stock’s current price would jump 60.81% in reaching the projected high whereas dropping to the targeted low would mean a gain of 60.81% for stock’s current value.
In 2025, company’s earnings growth rate is likely to be around -88.04% while estimates for its earnings growth in next 5 years are of -20.56%.
Cerence Inc (NASDAQ:CRNC)’s Major holders
Insiders are in possession of 7.47% of company’s total shares while institution are holding 79.11 percent of that, with stock having share float percentage of 85.50%. Investors also watch the number of corporate investors in a company very closely, which is 79.11% institutions for Cerence Inc that are currently holding shares of the company. VANGUARD GROUP INC is the top institutional holder at CRNC for having 3.98 million shares of worth $11.26 million. And as of 2024-06-30, it was holding 9.5398 of the company’s outstanding shares.
The second largest institutional holder is AMERICAN CAPITAL MANAGEMENT INC, which was holding about 3.88 million shares on 2024-06-30. The number of shares represents firm’s hold over 9.2819 of outstanding shares, having a total worth of $10.98 million.
