A share price of Cerence Inc [CRNC] is currently trading at $14.80, up 1.23%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The CRNC shares have gain 5.26% over the last week, with a monthly amount drifted -5.01%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Cerence Inc [NASDAQ: CRNC] stock has seen the most recent analyst activity on February 07, 2024, when Craig Hallum downgraded its rating to a Hold but kept the price target unchanged to $22 for it. Previously, Craig Hallum upgraded its rating to Buy on February 09, 2023, and elevated its price target to $40. On August 10, 2022, downgrade downgraded it’s rating to Mkt Perform. Craig Hallum downgraded its rating to a Hold and decreased its price target to $24 on August 10, 2022. RBC Capital Mkts upgraded its rating to a Sector Perform and reduced its price target to $27 on July 07, 2022. Goldman downgraded its rating to Neutral for this stock on February 22, 2022, and downed its price target to $44. In a note dated February 14, 2022, Evercore ISI downgraded an In-line rating on this stock and revised its target price from $150 to $55.
Cerence Inc experienced fluctuations in its stock price throughout the past year between $13.83 and $36.79. Currently, Wall Street analysts expect the stock to reach $53 within the next 12 months. Cerence Inc [NASDAQ: CRNC] shares were valued at $14.80 at the most recent close of the market. An investor can expect a potential return of 258.11% based on the average CRNC price forecast.
Analyzing the CRNC fundamentals
Trailing Twelve Months sales for Cerence Inc [NASDAQ:CRNC] were 349.15M which represents 65.36% growth. Gross Profit Margin for this corporation currently stands at 0.73% with Operating Profit Margin at 0.11%, Pretax Profit Margin comes in at 0.07%, and Net Profit Margin reading is -0.09%. To continue investigating profitability, this company’s Return on Assets is posted at -0.02, Equity is -0.04 and Total Capital is 0.03. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.4.
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 14.57 points at the first support level, and at 14.35 for the second support level. However, for the 1st resistance point, the stock is sitting at 14.95, and for the 2nd resistance point, it is at 15.11.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Cerence Inc [NASDAQ:CRNC] is 1.86. Also, the Quick Ratio is 1.86, while the Cash Ratio stands at 0.82. Considering the valuation of this stock, the price to sales ratio is 1.77, the price to book ratio is 0.83.
Transactions by insiders
Recent insider trading involved Ortmanns Stefan, Chief Executive Officer, that happened on Mar 14 ’24 when 21446.0 shares were sold. Chief Executive Officer, Ortmanns Stefan completed a deal on Jan 12 ’24 to sell 11942.0 shares. Meanwhile, EVP, CTO Arshad Iqbal sold 5188.0 shares on Jan 09 ’24.
