At the time of writing, Cerence Inc [CRNC] stock is trading at $14.48, up 13.66%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The CRNC shares have gain 16.21% over the last week, with a monthly amount drifted -23.67%, and not 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.
For the past year, the stock price of Cerence Inc fluctuated between $2.34 and $27.50. Currently, Wall Street analysts expect the stock to reach $26.46 within the next 12 months. Cerence Inc [NASDAQ: CRNC] shares were valued at $14.48 at the most recent close of the market. An investor can expect a potential return of 82.73% based on the average CRNC price forecast.
Analyzing the CRNC fundamentals
According to Cerence Inc [NASDAQ:CRNC], the company’s sales were 244.06M for trailing twelve months, which represents an -63.21% plunge. Gross Profit Margin for this corporation currently stands at 0.68% with Operating Profit Margin at -1.63%, Pretax Profit Margin comes in at -2.71%, and Net Profit Margin reading is -2.61%. To continue investigating profitability, this company’s Return on Assets is posted at -1.03, Equity is -2.89 and Total Capital is -0.86. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of2.24.
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 12.87 points at the first support level, and at 11.26 for the second support level. However, for the 1st resistance point, the stock is sitting at 15.46, and for the 2nd resistance point, it is at 16.44.
Ratios To Look Out For
It is important to note that Cerence Inc [NASDAQ:CRNC] has a current ratio of 1.29. Further, the Quick Ratio stands at 1.27, while the Cash Ratio is 0.68. Considering the valuation of this stock, the price to sales ratio is 2.56, the price to book ratio is 5.16.
Transactions by insiders
Recent insider trading involved BEAUDOIN THOMAS L, Director, that happened on Feb 03 ’25 when 5000.0 shares were sold. Director, THOMAS L. BEAUDOIN completed a deal on Feb 03 ’25 to buy 5000.0 shares. Meanwhile, Director BEAUDOIN THOMAS L sold 5000.0 shares on Jan 02 ’25.
