For those desiring to outshine the market, the strategic selection of individual stocks is paramount. Well-chosen stocks have the potential to substantially boost your wealth.
The price of Cerence Inc (NASDAQ: CRNC) closed at $1.20M in the last session, up 2510807% from day before closing price of $8.44. In other words, the price has increased by $2510807 from its previous closing price. On the day, 2.51 million shares were traded. CRNC stock price reached its highest trading level at $8.78 during the session, while it also had its lowest trading level at $8.1228.
Ratios:
We take a closer look at CRNC’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 3.04 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 9.99. For the most recent quarter (mrq), Quick Ratio is recorded 1.43 and its Current Ratio is at 1.44. In the meantime, Its Debt-to-Equity ratio is 1.85 whereas as Long-Term Debt/Eq ratio is at 1.42.
On January 22, 2025, Needham Upgraded its rating to Buy which previously was Hold but kept the price unchanged to $16.
Wells Fargo Downgraded its Overweight to Equal Weight on May 10, 2024, whereas the target price for the stock was revised from $25 to $6.50.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on May 09 ’25 when MR THOMAS L. BEAUDOIN bought 23,724 shares for $9.27 per share.
MR THOMAS L. BEAUDOIN bought 16,073 shares of CRNC for $149,503 on May 08 ’25. On Apr 28 ’25, another insider, MR THOMAS L. BEAUDOIN, who serves as the Former Director of the company, bought 10,000 shares for $9.40 each.
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 372884832 and an Enterprise Value of 526529536. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.47 while its Price-to-Book (P/B) ratio in mrq is 2.50. Its current Enterprise Value per Revenue stands at 2.071 whereas that against EBITDA is 30.233.
Stock Price History:
The Beta on a monthly basis for CRNC is 2.79, which has changed by 1.8169935 over the last 52 weeks, in comparison to a change of 0.09544468 over the same period for the S&P500. Over the past 52 weeks, CRNC has reached a high of $27.50, while it has fallen to a 52-week low of $2.34. The 50-Day Moving Average of the stock is -2.84%, while the 200-Day Moving Average is calculated to be 7.54%.
Shares Statistics:
According to the various share statistics, CRNC traded on average about 1.20M shares per day over the past 3-months and 1630340 shares per day over the past 10 days. A total of 43.25M shares are outstanding, with a floating share count of 40.00M. Insiders hold about 7.53% of the company’s shares, while institutions hold 77.01% stake in the company. Shares short for CRNC as of 1748563200 were 8922196 with a Short Ratio of 7.41, compared to 1745971200 on 9014476. Therefore, it implies a Short% of Shares Outstanding of 8922196 and a Short% of Float of 20.65.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0
