Cerence Inc (NASDAQ:CRNC) currently has a daily average trading volume of 3.22M but it saw 3469540 shares traded in last market. With a market cap of 374.86M USD, the company’s current market price of $8.72 came rising about 6.99 while comparing to the previous closing price of $8.15. In past 52 weeks, the stock remained buoying in the range of price level as high as $21.67 and as low as $2.34. In the recent trading on the day, stock has struck highest price mark of $8.249 while lowest mark touched by it was $8.99.
Taking a look at 20-day trading activity of Cerence Inc (CRNC) gives us an average price of $7.73, while its current price level is -59.75% below from 52-week high level whereas it is 272.65% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $5.23 while that of 200 days or SMA-200 reads an average of $5.56. A closer look into the stock’s movement over the week reveals that its volatility is standing at 10.80% during that period while stretching the period over a month that increases to 11.86%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 66.62 which implies that the stock is in neutral territory.
The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Wells Fargo which downgraded the stock as “Equal Weight” in its note to investors issued on May 10, 2024, recommending a price target of between $25 and $6.50 for it. Craig Hallum also issued its recommendations for the stock as it downgraded the price target for the stock is $22.
Over the week, CRNC’s stock price is moving 13.25% up while it is 23.51% when we observe its performance for the past one month. Year-to-date it is -55.65% down and over the past year, the stock is showing a downside performance of -56.42%.
Currently, Cerence Inc’s total number of outstanding shares is 41.92M. Company’s return on investment (ROI) stands at -170.57% and return on equity (ROE) at -140.69%. It has a 25.20 of forward P/E ratio. Stock’s beta reads 2.68. Stock has a price to book (P/B) ratio of 2.59 while price to sale or P/S ratio amounts to 1.13. Its return on asset (ROA) is -58.81% on average.
