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The closing price of Cerence Inc (NASDAQ: CRNC) was $3.12 for the day, down -2.50% from the previous closing price of $3.20. In other words, the price has decreased by -$2.50 from its previous closing price. On the day, 0.59 million shares were traded. CRNC stock price reached its highest trading level at $3.24 during the session, while it also had its lowest trading level at $3.04.
Ratios:
Our analysis of CRNC’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 1.05 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 7.55. For the most recent quarter (mrq), Quick Ratio is recorded 1.27 and its Current Ratio is at 1.28. In the meantime, Its Debt-to-Equity ratio is 1.90 whereas as Long-Term Debt/Eq ratio is at 1.30.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Wells Fargo on May 10, 2024, Downgraded its rating to Equal Weight and sets its target price to $6.50 from $25 previously.
Craig Hallum Downgraded its Buy to Hold on February 07, 2024, while the target price for the stock was maintained at $22.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Nov 01 ’24 when BEAUDOIN THOMAS L sold 5,000 shares for $3.11 per share. The transaction valued at 15,550 led to the insider holds 201,054 shares of the business.
THOMAS L. BEAUDOIN bought 5,000 shares of CRNC for $15,550 on Nov 01 ’24. On Oct 07 ’24, another insider, BEAUDOIN THOMAS L, who serves as the Director of the company, sold 11,403 shares for $2.89 each. As a result, the insider received 32,955 and left with 206,054 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CRNC now has a Market Capitalization of 130428784 and an Enterprise Value of 302632832. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.36 while its Price-to-Book (P/B) ratio in mrq is 0.85. Its current Enterprise Value per Revenue stands at 0.847 whereas that against EBITDA is 4.525.
Stock Price History:
Over the past 52 weeks, CRNC has reached a high of $21.67, while it has fallen to a 52-week low of $2.34. The 50-Day Moving Average of the stock is 4.52%, while the 200-Day Moving Average is calculated to be -56.31%.
Shares Statistics:
CRNC traded an average of 1.50M shares per day over the past three months and 876100 shares per day over the past ten days. A total of 40.42M shares are outstanding, with a floating share count of 39.09M. Insiders hold about 6.49% of the company’s shares, while institutions hold 88.72% stake in the company. Shares short for CRNC as of 1728950400 were 6439454 with a Short Ratio of 4.28, compared to 1726185600 on 6422902. Therefore, it implies a Short% of Shares Outstanding of 6439454 and a Short% of Float of 21.78.
