In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
Cerence Inc (NASDAQ: CRNC) closed the day trading at $14.65 down -11.21% from the previous closing price of $16.50. In other words, the price has decreased by -$11.21 from its previous closing price. On the day, 3.6 million shares were traded. CRNC stock price reached its highest trading level at $16.579 during the session, while it also had its lowest trading level at $14.59.
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 5.86 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 27.02. For the most recent quarter (mrq), Quick Ratio is recorded 1.27 and its Current Ratio is at 1.29. In the meantime, Its Debt-to-Equity ratio is 2.24 whereas as Long-Term Debt/Eq ratio is at 1.71.
On May 10, 2024, Wells Fargo Downgraded its rating to Equal Weight which previously was Overweight and also lowered its target price recommendation from $25 to $6.50.
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 Feb 03 ’25 when BEAUDOIN THOMAS L sold 5,000 shares for $11.68 per share. The transaction valued at 58,400 led to the insider holds 173,966 shares of the business.
THOMAS L. BEAUDOIN bought 5,000 shares of CRNC for $58,400 on Feb 03 ’25. On Jan 02 ’25, another insider, BEAUDOIN THOMAS L, who serves as the Director of the company, sold 5,000 shares for $7.98 each. As a result, the insider received 39,900 and left with 178,966 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 632865344 and an Enterprise Value of 290091584. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.59 while its Price-to-Book (P/B) ratio in mrq is 5.22. Its current Enterprise Value per Revenue stands at 0.812 whereas that against EBITDA is 4.337.
Stock Price History:
The Beta on a monthly basis for CRNC is 2.84, which has changed by 0.059050083 over the last 52 weeks, in comparison to a change of 0.21313763 over the same period for the S&P500. 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 31.03%, while the 200-Day Moving Average is calculated to be 163.53%.
Shares Statistics:
Over the past 3-months, CRNC traded about 8.71M shares per day on average, while over the past 10 days, CRNC traded about 4073830 shares per day. A total of 42.99M shares are outstanding, with a floating share count of 39.73M. Insiders hold about 8.03% of the company’s shares, while institutions hold 79.66% stake in the company. Shares short for CRNC as of 1730332800 were 6557742 with a Short Ratio of 0.93, compared to 1727654400 on 5802945. Therefore, it implies a Short% of Shares Outstanding of 6557742 and a Short% of Float of 22.18.
Earnings Estimates
Its stock is currently analyzed by 6.0 different market analysts. The consensus estimate for the next quarter is -$0.09, with high estimates of -$0.03 and low estimates of -$0.15.
Analysts are recommending an EPS of between $0.24 and $0.02 for the fiscal current year, implying an average EPS of $0.12. EPS for the following year is $0.39, with 5.0 analysts recommending between $0.65 and $0.1.
Revenue Estimates
6 analysts predict $75.81M in revenue for the current quarter. It ranges from a high estimate of $76.57M to a low estimate of $75.36M. As of the current estimate, Cerence Inc’s year-ago sales were $67.83MFor the next quarter, 6 analysts are estimating revenue of $57.44M. There is a high estimate of $59.8M for the next quarter, whereas the lowest estimate is $56.45M.
A total of 7 analysts have provided revenue estimates for CRNC’s current fiscal year. The highest revenue estimate was $246.75M, while the lowest revenue estimate was $240.91M, resulting in an average revenue estimate of $243.38M. In the same quarter a year ago, actual revenue was $331.5MBased on 5 analysts’ estimates, the company’s revenue will be $265.72M in the next fiscal year. The high estimate is $279.5M and the low estimate is $245.54M.
