Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
As of close of business last night, Cerence Inc’s stock clocked out at $9.33, down -1.79% from its previous closing price of $9.50. In other words, the price has decreased by -$1.79 from its previous closing price. On the day, 0.53 million shares were traded.
Ratios:
To gain a deeper understanding of CRNC’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 3.73 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 17.21. For the most recent quarter (mrq), Quick Ratio is recorded 1.27 and its Current Ratio is at 1.29. In the meantime, Its Debt-to-Equity ratio is 2.24 whereas as Long-Term Debt/Eq ratio is at 1.71.
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:
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 Apr 28 ’25 when MR THOMAS L. BEAUDOIN bought 10,000 shares for $9.40 per share.
Mentz Christian sold 3,600 shares of CRNC for $53,028 on Feb 13 ’25. The EVP, Chief Revenue Officer now owns 142,747 shares after completing the transaction at $14.73 per share. On Feb 03 ’25, another insider, BEAUDOIN THOMAS L, who serves as the Director of the company, sold 5,000 shares for $11.68 each. As a result, the insider received 58,400 and left with 173,966 shares of the company.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 1.65 while its Price-to-Book (P/B) ratio in mrq is 3.32.
Stock Price History:
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 -1.56%, while the 200-Day Moving Average is calculated to be 35.06%.
Shares Statistics:
A total of 42.99M shares are outstanding, with a floating share count of 39.95M. Insiders hold about 7.53% of the company’s shares, while institutions hold 79.26% stake in the company.
