Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
The closing price of Cerence Inc (NASDAQ: CRNC) was $10.31 for the day, down -1.90% from the previous closing price of $10.51. In other words, the price has decreased by -$1.90 from its previous closing price. On the day, 1.74 million shares were traded.
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 4.12 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 19.02. 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:
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 Feb 13 ’25 when Mentz Christian sold 3,600 shares for $14.73 per share. The transaction valued at 53,028 led to the insider holds 142,747 shares of the business.
BEAUDOIN THOMAS L sold 5,000 shares of CRNC for $58,400 on Feb 03 ’25. The Director now owns 173,966 shares after completing the transaction at $11.68 per share. On Feb 03 ’25, another insider, THOMAS L. BEAUDOIN, who serves as the Director of the company, bought 5,000 shares for $11.68 each.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 1.82 while its Price-to-Book (P/B) ratio in mrq is 3.67.
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 -19.05%, while the 200-Day Moving Average is calculated to be 73.57%.
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 77.55% stake in the company.
