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The price of Cerence Inc (NASDAQ: CRNC) closed at $2.97 in the last session, down -5.71% from day before closing price of $3.15. In other words, the price has decreased by -$5.71 from its previous closing price. On the day, 1.37 million shares were traded. CRNC stock price reached its highest trading level at $3.15 during the session, while it also had its lowest trading level at $2.91.
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 1.03 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 7.37. 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:
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 Oct 01 ’24 when THOMAS L. BEAUDOIN bought 5,000 shares for $3.13 per share.
BEAUDOIN THOMAS L sold 5,000 shares of CRNC for $16,700 on Sep 03 ’24. The Director now owns 222,457 shares after completing the transaction at $3.34 per share. On Sep 03 ’24, another insider, THOMAS L. BEAUDOIN, who serves as the Director of the company, bought 5,000 shares for $3.34 each.
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 124158176 and an Enterprise Value of 296362208. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.35 while its Price-to-Book (P/B) ratio in mrq is 0.81. Its current Enterprise Value per Revenue stands at 0.829 whereas that against EBITDA is 4.431.
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 2.05%, while the 200-Day Moving Average is calculated to be -68.60%.
Shares Statistics:
According to the various share statistics, CRNC traded on average about 1.20M shares per day over the past 3-months and 2227170 shares per day over the past 10 days. 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 90.23% stake in the company. Shares short for CRNC as of 1726185600 were 6422902 with a Short Ratio of 5.36, compared to 1723680000 on 7417728. Therefore, it implies a Short% of Shares Outstanding of 6422902 and a Short% of Float of 21.72.
