Cerence Inc [NASDAQ: CRNC] jumped around 1.03 points on Wednesday, while shares priced at $13.10 at the close of the session, up 8.53%.
Compared to the average trading volume of 8.40M shares, CRNC reached a trading volume of 3277974 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Cerence Inc [CRNC]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CRNC shares is $10.50 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CRNC stock is a recommendation set at 2.43. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Needham have made an estimate for Cerence Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on January 22, 2025. While these analysts kept the previous recommendation, Wells Fargo raised their target price from $25 to $6.50. The new note on the price target was released on May 10, 2024, representing the official price target for Cerence Inc stock.
The Average True Range (ATR) for Cerence Inc is set at 1.74, with the Price to Sales ratio for CRNC stock in the period of the last 12 months amounting to 1.70. The Price to Book ratio for the last quarter was 3.89, with the Price to Cash per share for the same quarter was set at 2.95. Price to Free Cash Flow for CRNC in the course of the last twelve months was 47.81 with Quick ratio for the last quarter at 1.20.
How has CRNC stock performed recently?
Cerence Inc [CRNC] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.91. With this latest performance, CRNC shares dropped by -32.23% in over the last four-week period, additionally plugging by 436.89% over the last 6 months – not to mention a drop of -35.75% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CRNC stock in for the last two-week period is set at 53.51, with the RSI for the last a single of trading hit 51.81, and the three-weeks RSI is set at 55.24 for Cerence Inc [CRNC]. The present Moving Average for the last 50 days of trading for this stock 10.54, while it was recorded at 12.51 for the last single week of trading, and 5.47 for the last 200 days.
Cerence Inc [CRNC]: Deeper insight into the fundamentals
Cerence Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.20 and a Current Ratio set at 1.20.
Earnings analysis for Cerence Inc [CRNC]
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CRNC. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Cerence Inc go to -23.53%.
Insider trade positions for Cerence Inc [CRNC]
There are presently around $83.41%, or 88.49%% of CRNC stock, in the hands of institutional investors. The top three institutional holders of CRNC stocks are: VANGUARD GROUP INC with ownership of 3.98 million shares, which is approximately 9.5398%. AMERICAN CAPITAL MANAGEMENT INC, holding 3.88 million shares of the stock with an approximate value of $$10.98 million in CRNC stocks shares; and AMERICAN CAPITAL MANAGEMENT INC, currently with $$9.35 million in CRNC stock with ownership which is approximately 7.9179%.
