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Cerence (CRNC)
NASDAQ:CRNC
Cerence (CRNC) Stock Price & Analysis
1,003 Followers
CRNC Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$2.55 - $29.75
Previous Close$2.84
Volume1.58M
Average Volume (3M)1.81M
Market Cap
$118.65M
Enterprise Value$301.20M
Total Cash (Recent Filing)$108.53M
Total Debt (Recent Filing)$291.09M
Price to Earnings (P/E)―
Beta1.46
Next Earnings
Aug 06, 2024EPS Estimate
$0.03Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-6.83
Shares Outstanding41,777,242
10 Day Avg. Volume2,995,283
30 Day Avg. Volume1,807,208
Standard Deviation0.23
R-Squared0.31
Alpha-0.03
Financial Highlights & Ratios
Price to Book (P/B)-0.70
Price to Sales (P/S)1.64
Price to Cash Flow (P/CF)31.70
P/FCF Ratio13.50
Enterprise Value/Market CapN/A
Enterprise Value/Revenue0.96
Enterprise Value/Gross Profit1.51
Enterprise Value/Ebitda-1.58
Forecast
1Y Price Target
$8.70Price Target Upside179.74% Upside
Rating ConsensusHold
Number of Analyst Covering8
Cerence News
Bulls Say, Bears Say
Bulls Say
AI TrendsCRNC provided an update on key AI trends, including 6 generative AI bookings since CES and three pre-development programs for the next-gen AI platform.
Cash ManagementThe company currently has enough cash on hand to pay off 2025 debt.
Financial PerformanceCerence's F2Q24 report beat estimates.
Bears Say
Debt ConcernsConcerns on debt covenants is putting additional pressure on the shares.
Financial PerformanceCRNC gapped down more than 30% after sharply reducing F2024 expectations and withdrawing the prior multi-year outlook.
Investor ConfidenceInvestors are losing confidence given the second scrapping of long-term targets.
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Ownership Overview
5.45% Insiders
33.56% Mutual Funds
28.89% Other Institutional Investors
32.09% Public Companies and Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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CRNC FAQ
What was Cerence’s price range in the past 12 months?
Cerence lowest stock price was $2.55 and its highest was $29.75 in the past 12 months.
What is Cerence’s market cap?
Currently, no data Available
When is Cerence’s upcoming earnings report date?
Cerence’s upcoming earnings report date is Aug 06, 2024 which is in 34 days.
How were Cerence’s earnings last quarter?
Cerence released its earnings results on May 09, 2024. The company reported -$0.09 earnings per share for the quarter, beating the consensus estimate of -$0.223 by $0.133.
Is Cerence overvalued?
According to Wall Street analysts Cerence’s price is currently Undervalued.
Does Cerence pay dividends?
Cerence does not currently pay dividends.
What is Cerence’s EPS estimate?
Cerence’s EPS estimate is $0.03.
How many shares outstanding does Cerence have?
Cerence has 41,777,240 shares outstanding.
What happened to Cerence’s price movement after its last earnings report?
Cerence reported an EPS of -$0.09 in its last earnings report, beating expectations of -$0.223. Following the earnings report the stock price went down -34.31%.
Which hedge fund is a major shareholder of Cerence?
Among the largest hedge funds holding Cerence’s share is Fisher Asset Management LLC. It holds Cerence’s shares valued at N/A.
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Cerence Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Hold
Average Price Target:
$8.70 (179.74% Upside)
$8.70 (179.74% Upside)
Blogger Sentiment
Bullish
CRNC Sentiment 100%
Sector Average 68%
Sector Average 68%
Hedge Fund Trend
Decreased
By 147.6K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Positive
Last 7 Days ▲ 1.7%
Last 30 Days ▲ 1.1%
Last 30 Days ▲ 1.1%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-90.28%
12-Months-Change
Fundamentals
Return on Equity
-48.11%
Trailing 12-Months
Asset Growth
-26.09%
Trailing 12-Months
Company Description
Cerence
Cerence, Inc. builds automotive cognitive assistance solutions to power natural and intuitive interactions between automobiles, drivers and passengers, and the broader digital world. It also engages in the sale of software licenses and cloud-connected services. The company was founded on February 14, 2019 and is headquartered in Burlington, MA.
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CRNC Company Deck
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CRNC Earnings Call
Q2 2024
0:00 / 0:00
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CRNC Stock 12 Month Forecast
Average Price Target
$8.70
▲(179.74% Upside)
Technical Analysis
Best Analysts Covering CRNC
1 Year
1 Year Success Rate
4/7 ratings generated profit
1 Year Average Return
+36.07%
reiterated a buy rating 2 months ago
Copying Jeff Osborne's trades and holding each position for 1 Year would result in 57.14% of your transactions generating a profit, with an average return of +36.07% per trade.
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