Beyond market averages, investors looking for exceptional returns turn to stock picking. Skillful choices in individual stocks have the power to substantially increase your wealth.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The price of Cerence Inc (NASDAQ: CRNC) closed at $7.82 in the last session, up 1.89% from day before closing price of $7.67. In other words, the price has increased by $1.89 from its previous closing price. On the day, 2.52 million shares were traded. CRNC stock price reached its highest trading level at $8.8525 during the session, while it also had its lowest trading level at $7.505.
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 2.68 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 28.86. For the most recent quarter (mrq), Quick Ratio is recorded 1.20 and its Current Ratio is at 1.20. In the meantime, Its Debt-to-Equity ratio is 2.10 whereas as Long-Term Debt/Eq ratio is at 1.44.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Wells Fargo on May 10, 2024, Downgraded its rating to Equal Weight and sets its target price to $6.50 from $25 previously.
Craig Hallum Downgraded its Buy to Hold on February 07, 2024, while the target price for the stock was maintained at $22.
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 Dec 02 ’24 when BEAUDOIN THOMAS L sold 5,000 shares for $7.36 per share. The transaction valued at 36,800 led to the insider holds 183,966 shares of the business.
THOMAS L. BEAUDOIN bought 5,000 shares of CRNC for $36,800 on Dec 02 ’24. On Nov 25 ’24, another insider, BEAUDOIN THOMAS L, who serves as the Director of the company, sold 12,088 shares for $7.21 each. As a result, the insider received 87,154 and left with 188,966 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 334699264 and an Enterprise Value of 290091584. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.03 while its Price-to-Book (P/B) ratio in mrq is 2.32. Its current Enterprise Value per Revenue stands at 0.812 whereas that against EBITDA is 4.337.
Stock Price History:
Over the past 52 weeks, CRNC has reached a high of $21.67, while it has fallen to a 52-week low of $2.34. The 50-Day Moving Average of the stock is 55.69%, while the 200-Day Moving Average is calculated to be 38.90%.
Shares Statistics:
According to the various share statistics, CRNC traded on average about 3.22M shares per day over the past 3-months and 2040520 shares per day over the past 10 days. A total of 41.92M shares are outstanding, with a floating share count of 39.88M. Insiders hold about 7.22% of the company’s shares, while institutions hold 78.55% stake in the company. Shares short for CRNC as of 1730332800 were 6557742 with a Short Ratio of 2.24, compared to 1727654400 on 5802945. Therefore, it implies a Short% of Shares Outstanding of 6557742 and a Short% of Float of 22.18.
