How have Cerence Inc. (CRNC)’s performance and profitability changed over the time?

Cerence Inc. [CRNC] stock is trading at $29.41, up 11.40%. An important factor to consider is whether the stock is rising or falling in short-term value. The CRNC shares have gain 19.75% over the last week, with a monthly amount glided 53.66%, and seem to be holding up well over a long-time horizon.

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On 26, January 2023, Cerence to Announce Fiscal First Quarter Results on February 8, 2023. In a post published today on Yahoo Finance, Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, will announce its first quarter financial results for the quarter ended December 31, 2022 on Wednesday, February 8, 2023 at 7:00 a.m. Eastern Time / 4:00 a.m. Pacific Time.

From an analyst’s perspective:

Cerence Inc. [NASDAQ: CRNC] stock has seen the most recent analyst activity on August 10, 2022, when Raymond James downgraded its rating to a Mkt Perform. Previously, Craig Hallum downgraded its rating to Hold on August 10, 2022, and dropped its price target to $24. On July 07, 2022, upgrade upgraded it’s rating to Sector Perform and revised its price target to $27 on the stock. Goldman downgraded its rating to a Neutral and decreased its price target to $44 on February 22, 2022. Evercore ISI downgraded its rating to a In-line and reduced its price target to $55 on February 14, 2022. Wedbush downgraded its rating to Neutral for this stock on February 08, 2022. In a note dated February 08, 2022, Robert W. Baird downgraded an Neutral rating on this stock and revised its target price from $110 to $50.

Cerence Inc. [CRNC] stock has fluctuated between $12.82 and $66.61 over the past year. Cerence Inc. [NASDAQ: CRNC] shares were valued at $29.41 at the most recent close of the market.

Analyzing the CRNC fundamentals

Cerence Inc. [NASDAQ:CRNC] reported sales of 58.14 billion for the most recent quarter, which represents a drop of -40.80%.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 27.76 points at the first support level, and at 26.11 for the second support level. However, for the 1st resistance point, the stock is sitting at 30.27, and for the 2nd resistance point, it is at 31.13.

Cerence Inc. [CRNC] reported earnings per share of $0.43 for its fiscal quarter that ended on 6/29/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.42/share, meaning a difference of $0.01 and a surprise factor of 2.40%. By comparison, the stated earnings for the previous quarter ended on 3/30/2022 were $0.33 per share as compared to estimates of $0.34 per share, a difference of -$0.01 representing a surprise of -2.90%.

Ratios To Look Out For

For context, Cerence Inc.’s Current Ratio is 1.50.

Transactions by insiders

The next item on our agenda is insider trading, which has seen 9 insider purchases totaling 655,105 shares and 0 insider sales totaling 0 shares over the past 3 months. Recent insider trading involved Ortmanns Stefan, Chief Executive Officer, that happened on Jan 31 when 3530.0 shares were sold. EVP, CTO, Kathpal Prateek completed a deal on Jan 26 to sell 2209.0 shares. Meanwhile, EVP, CFO BEAUDOIN THOMAS L sold 734.0 shares on Jan 26.