For those aiming to surpass market returns, the art of stock picking is crucial. Making wise choices in stocks can greatly enhance your overall wealth.
The price of Cerence Inc (NASDAQ: CRNC) closed at $12.55 in the last session, down -6.76% from day before closing price of $13.46. In other words, the price has decreased by -$6.76 from its previous closing price. On the day, 2.03 million shares were traded.
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 5.02 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 23.15. 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 May 10, 2024, Wells Fargo Downgraded its rating to Equal Weight which previously was Overweight and also lowered its target price recommendation 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 Feb 03 ’25 when BEAUDOIN THOMAS L sold 5,000 shares for $11.68 per share. The transaction valued at 58,400 led to the insider holds 173,966 shares of the business.
THOMAS L. BEAUDOIN bought 5,000 shares of CRNC for $58,400 on Feb 03 ’25. On Jan 02 ’25, another insider, BEAUDOIN THOMAS L, who serves as the Director of the company, sold 5,000 shares for $7.98 each. As a result, the insider received 39,900 and left with 178,966 shares of the company.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 2.22 while its Price-to-Book (P/B) ratio in mrq is 4.47.
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 3.97%, while the 200-Day Moving Average is calculated to be 119.96%.
Shares Statistics:
A total of 42.99M shares are outstanding, with a floating share count of 40.04M. Insiders hold about 7.32% of the company’s shares, while institutions hold 77.62% stake in the company.
