During the last session, Cerence Inc (NASDAQ:CRNC)’s traded shares were 1.43 million, with the beta value of the company hitting 2.89. At the end of the trading day, the stock’s price was $10.00, reflecting an intraday gain of 0.60% or $0.06. The 52-week high for the CRNC share is $27.50, that puts it down -175.0 from that peak though still a striking 76.6% gain since the share price plummeted to a 52-week low of $2.34. The company’s market capitalization is $431.99M, and the average trade volume was 1.50 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 2.71. 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.
Cerence Inc (NASDAQ:CRNC) trade information
Cerence Inc (CRNC) registered a 0.60% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 0.60% in intraday trading to $10.00, hitting a weekly high. The stock’s 5-day price performance is 10.38%, and it has moved by 43.88% in 30 days. Based on these gigs, the overall price performance for the year is -1.48%.
The consensus price target of analysts on Wall Street is $15, which implies an increase of 33.33% 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 -660.0% off the target high and 67.0% off the low.
While earnings are projected to return -89.08% in 2025, the next five years will return -22.62% per annum.
CRNC Dividends
Cerence Inc is due to release its next quarterly earnings in June. 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 9.2819% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $10.98 million.
Also, the Mutual Funds coming in first place with the largest holdings of Cerence Inc (CRNC) shares are VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and iShares Trust-iShares Russell 2000 ETF . Data provided on Dec 31, 2024 indicates that VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund owns about 1.27 shares. This amounts to just over 2.95 percent of the company’s overall shares, with a $12.73 million market value. The same data shows that the other fund manager holds slightly less at 1.13, or about 2.61% of the stock, which is worth about $11.27 million.
