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Cerence Inc (NASDAQ: CRNC) closed the day trading at $2.68 up 1.52% from the previous closing price of $2.64. In other words, the price has increased by $1.52 from its previous closing price. On the day, 0.87 million shares were traded. CRNC stock price reached its highest trading level at $2.75 during the session, while it also had its lowest trading level at $2.58.
Ratios:
For a better understanding of CRNC, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 0.93 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 6.65. For the most recent quarter (mrq), Quick Ratio is recorded 1.27 and its Current Ratio is at 1.28. In the meantime, Its Debt-to-Equity ratio is 1.90 whereas as Long-Term Debt/Eq ratio is at 1.30.
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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Oct 01 ’24 when BEAUDOIN THOMAS L sold 5,000 shares for $3.13 per share. The transaction valued at 15,650 led to the insider holds 217,457 shares of the business.
THOMAS L. BEAUDOIN bought 5,000 shares of CRNC for $15,650 on Oct 01 ’24. On Sep 03 ’24, another insider, BEAUDOIN THOMAS L, who serves as the Director of the company, sold 5,000 shares for $3.34 each. As a result, the insider received 16,700 and left with 222,457 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 112034992 and an Enterprise Value of 284239008. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.31 while its Price-to-Book (P/B) ratio in mrq is 0.73. Its current Enterprise Value per Revenue stands at 0.795 whereas that against EBITDA is 4.25.
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 -7.26%, while the 200-Day Moving Average is calculated to be -71.00%.
Shares Statistics:
Over the past 3-months, CRNC traded about 1.18M shares per day on average, while over the past 10 days, CRNC traded about 1414730 shares per day. A total of 40.42M shares are outstanding, with a floating share count of 40.07M. Insiders hold about 4.14% of the company’s shares, while institutions hold 88.07% stake in the company. Shares short for CRNC as of 1726185600 were 6422902 with a Short Ratio of 5.44, compared to 1723680000 on 7417728. Therefore, it implies a Short% of Shares Outstanding of 6422902 and a Short% of Float of 21.72.
