Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
As of close of business last night, Cerence Inc’s stock clocked out at $18.97, down -6.00% from its previous closing price of $20.18. In other words, the price has decreased by -$6.00 from its previous closing price. On the day, 22.13 million shares were traded. CRNC stock price reached its highest trading level at $21.79 during the session, while it also had its lowest trading level at $18.65.
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 6.42 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 69.23. 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:
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 Jan 02 ’25 when BEAUDOIN THOMAS L sold 5,000 shares for $7.98 per share. The transaction valued at 39,900 led to the insider holds 178,966 shares of the business.
THOMAS L. BEAUDOIN bought 5,000 shares of CRNC for $39,900 on Jan 02 ’25. On Dec 02 ’24, another insider, BEAUDOIN THOMAS L, who serves as the Director of the company, sold 5,000 shares for $7.36 each. As a result, the insider received 36,800 and left with 183,966 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 815489920 and an Enterprise Value of 290091584. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.46 while its Price-to-Book (P/B) ratio in mrq is 5.64. 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 $27.50, while it has fallen to a 52-week low of $2.34. The 50-Day Moving Average of the stock is 186.24%, while the 200-Day Moving Average is calculated to be 245.04%.
Shares Statistics:
It appears that CRNC traded 6.90M shares on average per day over the past three months and 24496550 shares per day over the past ten days. A total of 41.92M shares are outstanding, with a floating share count of 39.89M. Insiders hold about 7.21% of the company’s shares, while institutions hold 78.69% stake in the company. Shares short for CRNC as of 1730332800 were 6557742 with a Short Ratio of 1.06, compared to 1727654400 on 5802945. Therefore, it implies a Short% of Shares Outstanding of 6557742 and a Short% of Float of 22.18.
