Cerence Inc [CRNC] stock prices are up 5.95% to $10.32 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The CRNC shares have gain 10.73% over the last week, with a monthly amount drifted -28.93%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Previously, Needham upgraded its rating to Buy on January 22, 2025, and kept the price target unchanged to $16. On May 10, 2024, downgrade downgraded it’s rating to Equal Weight and revised its price target to $6.50 on the stock. Craig Hallum downgraded its rating to a Hold but $22 remained the price target by the analyst firm on February 07, 2024. Craig Hallum upgraded its rating to Buy for this stock on February 09, 2023, and upped its price target to $40. In a note dated August 10, 2022, Raymond James downgraded an Mkt Perform rating on this stock.
The stock price of Cerence Inc [CRNC] has been fluctuating between $2.34 and $27.50 over the past year. Currently, Wall Street analysts expect the stock to reach $26.46 within the next 12 months. Cerence Inc [NASDAQ: CRNC] shares were valued at $10.32 at the most recent close of the market. An investor can expect a potential return of 156.4% based on the average CRNC price forecast.
Analyzing the CRNC fundamentals
The Cerence Inc [NASDAQ:CRNC] reported sales of 244.06M for trailing twelve months, representing a drop of -63.21%. 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 9.81 points at the first support level, and at 9.31 for the second support level. However, for the 1st resistance point, the stock is sitting at 10.68, and for the 2nd resistance point, it is at 11.04.
Ratios To Look Out For
It’s worth pointing out that Cerence Inc [NASDAQ:CRNC]’s Current Ratio is 1.29. In addition, the Quick Ratio stands at 1.27 and the Cash Ratio stands at 0.68. Considering the valuation of this stock, the price to sales ratio is 1.83, the price to book ratio is 3.68.
Transactions by insiders
Recent insider trading involved Mentz Christian, EVP, Chief Revenue Officer, that happened on Feb 13 ’25 when 3600.0 shares were sold. Director, BEAUDOIN THOMAS L completed a deal on Feb 03 ’25 to sell 5000.0 shares. Meanwhile, Director THOMAS L. BEAUDOIN bought 5000.0 shares on Feb 03 ’25.
