In the last trading session, 1.16 million Cerence Inc (NASDAQ:CRNC) shares changed hands as the company’s beta touched 2.84. With the company’s per share price at $8.77 changed hands at -$0.74 or -7.78% during last session, the market valuation stood at $379.37M. CRNC’s last price was a discount, traded about -213.57% 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 73.32% up since then.
Analysts gave the Cerence Inc (CRNC) stock a consensus recommendation rating of Hold, calculated at a mean rating of 2.71. 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 (NASDAQ:CRNC) trade information
Instantly CRNC was in red as seen at the end of in last trading. With action -11.50%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 11.72%, with the 5-day performance at -11.50% in the red. However, in the 30-day time frame, Cerence Inc (NASDAQ:CRNC) is 15.55% up.
The consensus price target for the stock as assigned by Wall Street analysts is 15, meaning bulls need an upside of 41.53% 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 -766.59% plunge from its current level, while the stock would need to tank 62.37% for it to hit the projected low.
Cerence Inc (CRNC) estimates and forecasts
The 2025 estimates are for Cerence Inc earnings to decrease by -71.68%.
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 Dec 31, 2024 were VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and iShares Trust-iShares Russell 2000 ETF. With 1.27 shares estimated at $11.16 million under it, the former controlled 2.94% of total outstanding shares. On the other hand, iShares Trust-iShares Russell 2000 ETF held about 2.60% of the shares, roughly 1.13 shares worth around $9.88 million.
