Cerence Inc [CRNC] stock is trading at $14.61, up 6.95%. 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 11.36% over the last week, with a monthly amount glided 89.74%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Cerence Inc [NASDAQ: CRNC] stock has seen the most recent analyst activity on January 22, 2025, when Needham upgraded its rating to a Buy but kept the price target unchanged to $16 for it. Previously, Wells Fargo downgraded its rating to Equal Weight on May 10, 2024, and dropped its price target to $6.50. Craig Hallum downgraded its rating to a Hold but stick to its price target of $22 on February 07, 2024. Craig Hallum upgraded its rating to a Buy and raised its price target to $40 on February 09, 2023. Raymond James downgraded its rating to Mkt Perform for this stock on August 10, 2022. In a note dated August 10, 2022, Craig Hallum downgraded an Hold rating on this stock and revised its target price from $45 to $24.
Cerence Inc [CRNC] stock has fluctuated between $2.34 and $27.50 over the past year. Currently, Wall Street analysts expect the stock to reach $3.3 within the next 12 months. Cerence Inc [NASDAQ: CRNC] shares were valued at $14.61 at the most recent close of the market. An investor can expect a potential drop of -77.41% based on the average CRNC price forecast.
Analyzing the CRNC fundamentals
Cerence Inc [NASDAQ:CRNC] reported sales of 331.50M for the trailing twelve months, which represents a drop of -32.14%. Gross Profit Margin for this corporation currently stands at 0.74% with Operating Profit Margin at -0.98%, Pretax Profit Margin comes in at -1.76%, and Net Profit Margin reading is -1.77%. To continue investigating profitability, this company’s Return on Assets is posted at -0.84, Equity is -1.58 and Total Capital is -0.67. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.71.
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 13.50 points at the first support level, and at 12.38 for the second support level. However, for the 1st resistance point, the stock is sitting at 16.18, and for the 2nd resistance point, it is at 17.74.
Ratios To Look Out For
For context, Cerence Inc’s Current Ratio is 1.20. As well, the Quick Ratio is 1.20, while the Cash Ratio is 0.56. Considering the valuation of this stock, the price to sales ratio is 1.89, the price to book ratio is 4.34.
Transactions by insiders
Recent insider trading involved BEAUDOIN THOMAS L, Director, that happened on Jan 02 ’25 when 5000.0 shares were sold. Director, THOMAS L. BEAUDOIN completed a deal on Jan 02 ’25 to buy 5000.0 shares. Meanwhile, Director BEAUDOIN THOMAS L sold 5000.0 shares on Dec 02 ’24.
