Analytical Overview: Cerence Inc (CRNC)’s Ratios Tell a Financial Story

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As of close of business last night, Cerence Inc’s stock clocked out at $3.30, up 8.55% from its previous closing price of $3.04. In other words, the price has increased by $8.55 from its previous closing price. On the day, 4.27 million shares were traded. CRNC stock price reached its highest trading level at $3.38 during the session, while it also had its lowest trading level at $2.74.


To gain a deeper understanding of CRNC’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 2.12 and its Current Ratio is at 2.13. In the meantime, Its Debt-to-Equity ratio is 0.63 whereas as Long-Term Debt/Eq ratio is at 0.62.

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:

Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Jun 03 ’24 when BEAUDOIN THOMAS L sold 5,000 shares for $3.47 per share. The transaction valued at 17,350 led to the insider holds 237,457 shares of the business.

Ortmanns Stefan sold 5,249 shares of CRNC for $20,314 on May 22 ’24. The Chief Executive Officer now owns 521,139 shares after completing the transaction at $3.87 per share. On May 07 ’24, another insider, BEAUDOIN THOMAS L, who serves as the Director of the company, sold 5,464 shares for $9.69 each. As a result, the insider received 52,946 and left with 242,457 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 137864752 and an Enterprise Value of 321026912. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.40 while its Price-to-Book (P/B) ratio in mrq is 0.30. Its current Enterprise Value per Revenue stands at 0.921 whereas that against EBITDA is 5.697.

Stock Price History:

Over the past 52 weeks, CRNC has reached a high of $36.79, while it has fallen to a 52-week low of $2.92. The 50-Day Moving Average of the stock is -60.99%, while the 200-Day Moving Average is calculated to be -79.08%.

Shares Statistics:

It appears that CRNC traded 1.26M shares on average per day over the past three months and 2355320 shares per day over the past ten days. A total of 40.42M shares are outstanding, with a floating share count of 40.00M. Insiders hold about 4.25% of the company’s shares, while institutions hold 99.02% stake in the company. Shares short for CRNC as of 1715731200 were 6924583 with a Short Ratio of 5.49, compared to 1713139200 on 6535324. Therefore, it implies a Short% of Shares Outstanding of 6924583 and a Short% of Float of 23.44.

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