During the last session, Cerence Inc (NASDAQ:CRNC)’s traded shares were 1.23 million, with the beta value of the company hitting 2.79. At the end of the trading day, the stock’s price was $8.44, reflecting an intraday gain of 1.69% or $0.14. The 52-week high for the CRNC share is $27.50, that puts it down -225.83 from that peak though still a striking 72.27% gain since the share price plummeted to a 52-week low of $2.34. The company’s market capitalization is $365.10M, and the average trade volume was 1.17 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 1.69% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 1.69% in intraday trading to $8.44, hitting a weekly high. The stock’s 5-day price performance is -13.35%, and it has moved by -3.76% in 30 days. Based on these gigs, the overall price performance for the year is 183.22%.
The consensus price target of analysts on Wall Street is $15, which implies an increase of 43.73% 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 -800.47% off the target high and 60.9% off the low.
While earnings are projected to return -70.82% in 2025.
CRNC Dividends
Cerence Inc is due to release its next quarterly earnings on 2025-May-07. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Cerence Inc (NASDAQ:CRNC)’s Major holders
Cerence Inc insiders own 7.49% of total outstanding shares while institutional holders control 77.50%, with the float percentage being 83.78%. VANGUARD GROUP INC is the largest shareholder of the company, while 252.0 institutions own stock in it. As of 2024-06-30, the company held over 3.98 million shares (or 9.5236% of all shares), a total value of $11.26 million in shares.
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.
