At the time of writing, Cerence Inc [CRNC] stock is trading at $3.11, up 9.51%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The CRNC shares have gain 18.70% over the last week, with a monthly amount drifted -9.59%, 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 May 10, 2024, when Wells Fargo downgraded its rating to a Equal Weight and also revised its price target to $6.50 from $25. On February 07, 2024, downgrade downgraded it’s rating to Hold but maintained its price target of $22 on the stock. Craig Hallum upgraded its rating to a Buy and increased its price target to $40 on February 09, 2023. Raymond James downgraded its rating to a Mkt Perform. Craig Hallum downgraded its rating to Hold for this stock on August 10, 2022, and downed its price target to $24. In a note dated July 07, 2022, RBC Capital Mkts upgraded an Sector Perform rating on this stock and revised its target price from $28 to $27.
For the past year, the stock price of Cerence Inc fluctuated between $2.55 and $29.75. Currently, Wall Street analysts expect the stock to reach $32.25 within the next 12 months. Cerence Inc [NASDAQ: CRNC] shares were valued at $3.11 at the most recent close of the market. An investor can expect a potential return of 936.98% based on the average CRNC price forecast.
Analyzing the CRNC fundamentals
According to Cerence Inc [NASDAQ:CRNC], the company’s sales were 348.58M for trailing twelve months, which represents an -0.83% plunge. Gross Profit Margin for this corporation currently stands at 0.74% with Operating Profit Margin at 0.13%, Pretax Profit Margin comes in at -0.63%, and Net Profit Margin reading is -0.81%. To continue investigating profitability, this company’s Return on Assets is posted at -0.29, Equity is -0.44 and Total Capital is 0.05. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.61.
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 2.91 points at the first support level, and at 2.72 for the second support level. However, for the 1st resistance point, the stock is sitting at 3.22, and for the 2nd resistance point, it is at 3.34.
Ratios To Look Out For
It is important to note that Cerence Inc [NASDAQ:CRNC] has a current ratio of 2.13. As well, the Quick Ratio is 2.12, while the Cash Ratio is 0.93. Considering the valuation of this stock, the price to sales ratio is 0.37, the price to book ratio is 0.28.
Transactions by insiders
Recent insider trading involved BEAUDOIN THOMAS L, Director, that happened on Jul 01 ’24 when 5000.0 shares were sold. Chief Executive Officer, Ortmanns Stefan completed a deal on Jun 24 ’24 to sell 9542.0 shares. Meanwhile, Director BEAUDOIN THOMAS L sold 5000.0 shares on Jun 03 ’24.
