Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
After finishing at $13.76 in the prior trading day, Cerence Inc (NASDAQ: CRNC) closed at $13.12, down -4.65%. In other words, the price has decreased by -$4.65 from its previous closing price. On the day, 5.09 million shares were traded. CRNC stock price reached its highest trading level at $15.3799 during the session, while it also had its lowest trading level at $13.0.
Ratios:
Our goal is to gain a better understanding of CRNC by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 4.44 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 47.88. 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:
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 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 564007808 and an Enterprise Value of 290091584. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.70 while its Price-to-Book (P/B) ratio in mrq is 3.90. 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 74.25%, while the 200-Day Moving Average is calculated to be 138.92%.
Shares Statistics:
The stock has traded on average 7.33M shares per day over the past 3-months and 27822030 shares per day over the last 10 days, according to various share statistics. 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 78.70% stake in the company. Shares short for CRNC as of 1730332800 were 6557742 with a Short Ratio of 0.97, compared to 1727654400 on 5802945. Therefore, it implies a Short% of Shares Outstanding of 6557742 and a Short% of Float of 22.18.
