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As of close of business last night, Cerence Inc’s stock clocked out at $9.65, down -0.62% from its previous closing price of $9.71. In other words, the price has decreased by -$0.62 from its previous closing price. On the day, 0.56 million shares were traded. CRNC stock price reached its highest trading level at $10.11 during the session, while it also had its lowest trading level at $9.63.
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 3.71 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 219.74. 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 09, 2023, Craig Hallum Upgraded its rating to Buy which previously was Hold and also upped its target price recommendation from $24 to $40.
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 22 ’24 when Ortmanns Stefan sold 10,762 shares for $10.04 per share. The transaction valued at 108,045 led to the insider holds 526,388 shares of the business.
BEAUDOIN THOMAS L sold 5,000 shares of CRNC for $76,744 on Apr 01 ’24. The Director now owns 252,921 shares after completing the transaction at $15.35 per share. On Mar 22 ’24, another insider, Ortmanns Stefan, who serves as the Chief Executive Officer of the company, sold 15,389 shares for $14.82 each. As a result, the insider received 228,043 and left with 537,150 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 402159872 and an Enterprise Value of 582801216. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.15 while its Price-to-Book (P/B) ratio in mrq is 0.54. Its current Enterprise Value per Revenue stands at 1.669 whereas that against EBITDA is 11.315.
Stock Price History:
The Beta on a monthly basis for CRNC is 2.53, which has changed by -0.6206761 over the last 52 weeks, in comparison to a change of 0.24191546 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 $9.35. The 50-Day Moving Average of the stock is -29.95%, while the 200-Day Moving Average is calculated to be -48.57%.
Shares Statistics:
It appears that CRNC traded 517.08K shares on average per day over the past three months and 616310 shares per day over the past ten days. 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 92.41% stake in the company. Shares short for CRNC as of 1713139200 were 6535324 with a Short Ratio of 12.64, 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
The current assessment of Cerence Inc (CRNC) involves the perspectives of 9.0 analysts closely monitoring 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 $0.87, 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.
