In the last trading session, 1.98 million Cerence Inc (NASDAQ:CRNC) shares changed hands as the company’s beta touched 2.80. With the company’s per share price at $10.05 changed hands at -$0.13 or -1.28% during last session, the market valuation stood at $434.74M. CRNC’s last price was a discount, traded about -173.63% 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 76.72% 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 19.50%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 28.03%, with the 5-day performance at 19.50% in the green. However, in the 30-day time frame, Cerence Inc (NASDAQ:CRNC) is 14.46% up.
The consensus price target for the stock as assigned by Wall Street analysts is 15, meaning bulls need an upside of 33.0% 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 -656.22% plunge from its current level, while the stock would need to tank 67.16% for it to hit the projected low.
The 2025 estimates are for Cerence Inc earnings to decrease by -71.68%.
CRNC Dividends
Cerence Inc is expected to release its next quarterly earnings report in July.
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 Mar 31, 2025 were VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and iShares Trust-iShares Russell 2000 ETF . With 1.27 shares estimated at $12.79 million under it, the former controlled 2.94% of total outstanding shares. On the other hand, iShares Trust-iShares Russell 2000 ETF held about 2.43% of the shares, roughly 1.05 shares worth around $10.56 million.
