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Cerence Inc (NASDAQ: CRNC) closed the day trading at $9.56 up 1.49% from the previous closing price of $9.42. In other words, the price has increased by $1.49 from its previous closing price. On the day, 0.69 million shares were traded. CRNC stock price reached its highest trading level at $9.659 during the session, while it also had its lowest trading level at $9.03.
Ratios:
For a better understanding of CRNC, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 3.67 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 217.69. For the most recent quarter (mrq), Quick Ratio is recorded 1.86 and its Current Ratio is at 1.86. In the meantime, Its Debt-to-Equity ratio is 0.40 whereas as Long-Term Debt/Eq ratio is at 0.39.
On February 07, 2024, Craig Hallum Downgraded its rating to Hold which previously was Buy but kept the price unchanged to $22.
Craig Hallum Upgraded its Hold to Buy on February 09, 2023, whereas the target price for the stock was revised from $24 to $40.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on May 07 ’24 when BEAUDOIN THOMAS L sold 5,464 shares for $9.69 per share. The transaction valued at 52,946 led to the insider holds 242,457 shares of the business.
BEAUDOIN THOMAS L sold 5,000 shares of CRNC for $45,146 on May 01 ’24. The Director now owns 247,921 shares after completing the transaction at $9.03 per share. On Apr 22 ’24, another insider, Ortmanns Stefan, who serves as the Chief Executive Officer of the company, sold 10,762 shares for $10.04 each. As a result, the insider received 108,045 and left with 526,388 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 398409184 and an Enterprise Value of 579050560. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.14 while its Price-to-Book (P/B) ratio in mrq is 0.54. Its current Enterprise Value per Revenue stands at 1.658 whereas that against EBITDA is 11.242.
Stock Price History:
The Beta on a monthly basis for CRNC is 2.55, which has changed by -0.5904348 over the last 52 weeks, in comparison to a change of 0.2537824 over the same period for the S&P500. Over the past 52 weeks, CRNC has reached a high of $36.79, while it has fallen to a 52-week low of $8.91. The 50-Day Moving Average of the stock is -26.61%, while the 200-Day Moving Average is calculated to be -47.37%.
Shares Statistics:
Over the past 3-months, CRNC traded about 514.01K shares per day on average, while over the past 10 days, CRNC traded about 572630 shares per day. A total of 40.42M shares are outstanding, with a floating share count of 35.87M. Insiders hold about 13.92% of the company’s shares, while institutions hold 91.81% stake in the company. Shares short for CRNC as of 1713139200 were 6535324 with a Short Ratio of 12.71, compared to 1710460800 on 5678078. Therefore, it implies a Short% of Shares Outstanding of 6535324 and a Short% of Float of 22.2.
Earnings Estimates
A detailed examination of Cerence Inc (CRNC) is currently in progress, with 9.0 analysts providing valuable insights into its market dynamics.On average, analysts expect EPS of -$0.22 for the current quarter, with a high estimate of -$0.18 and a low estimate of -$0.25, while EPS last year was -$0.04. The consensus estimate for the next quarter is $0.13, with high estimates of $0.26 and low estimates of -$0.02.
Analysts are recommending an EPS of between $1.52 and $1.06 for the fiscal current year, implying an average EPS of $1.35. EPS for the following year is $0.86, with 9.0 analysts recommending between $1.17 and $0.52.
Revenue Estimates
For the next quarter, 9 analysts are estimating revenue of $75.46M. There is a high estimate of $88.3M for the next quarter, whereas the lowest estimate is $67.28M.
A total of 9 analysts have provided revenue estimates for CRNC’s current fiscal year. The highest revenue estimate was $379.3M, while the lowest revenue estimate was $341.05M, resulting in an average revenue estimate of $359.96M. In the same quarter a year ago, actual revenue was $294.5MBased on 9 analysts’ estimates, the company’s revenue will be $321.22M in the next fiscal year. The high estimate is $352.5M and the low estimate is $301.44M.
