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Cerence (CRNC)
NASDAQ:CRNC
Cerence (CRNC) Stock Price & Analysis
962 Followers
CRNC Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$4.75 - $36.79
Previous Close$4.85
Volume1.26M
Average Volume (3M)745.84K
Market Cap
$207.63M
Enterprise Value$385.18M
Total Cash (Recent Filing)$108.53M
Total Debt (Recent Filing)$291.09M
Price to Earnings (P/E)-0.7
Beta1.36
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. Volume2,045,271
30 Day Avg. Volume745,836
Standard Deviation0.22
R-Squared0.41
Alpha-0.01
Financial Highlights & Ratios
Price to Book (P/B)-1.10
Price to Sales (P/S)2.99
Price to Cash Flow (P/CF)49.90
P/FCF Ratio21.30
Enterprise Value/Market CapN/A
Enterprise Value/Revenue1.23
Enterprise Value/Gross Profit1.93
Enterprise Value/Ebitda-2.02
Forecast
1Y Price Target
$7.90Price Target Upside58.95% Upside
Rating ConsensusHold
Number of Analyst Covering7
Cerence News
PremiumCompany Announcements
Cerence Announces CFO Resignation and Interim Leadership Plan
Bulls Say, Bears Say
Bulls Say
Financial OutlookManagement endorsed expectations for mid-single-digit growth in future revenue.
Innovation MilestoneThe industry's first Gen AI enabled vehicles hit the road, providing a potential catalyst.
Product DevelopmentIncreasing focus on AI-based voice products could help growth to improve longer-term.
Bears Say
Debt ManagementWith considerable convertible notes maturing in 2025 and limited cash reserves, there are concerns about CRNC's ability to meet its debt obligations.
Financial OutlookCRNC drastically reduced F2024 expectations and withdrew the prior multi-year outlook, indicating potential instability in future financial performance.
Investor ConfidenceThe significant cut to full-year guidance and withdrawal of future targets has eroded investor confidence in CRNC, posing a risk to stock stability.
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Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
CRNC FAQ
What was Cerence’s price range in the past 12 months?
Cerence lowest stock price was $4.75 and its highest was $36.79 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 82 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 2M.
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Cerence Stock Smart Score
Neutral
1
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10
Analyst Consensus
Hold
Average Price Target:
$7.90 (58.95% Upside)
$7.90 (58.95% Upside)
Blogger Sentiment
Bullish
CRNC Sentiment 85%
Sector Average 68%
Sector Average 68%
Hedge Fund Trend
Increased
By 48.4K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Negative
Last 7 Days ▼ 1.3%
Last 30 Days ▼ 0.1%
Last 30 Days ▼ 0.1%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-79.92%
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
$7.90
▲(58.95% Upside)
Technical Analysis
Best Analysts Covering CRNC
1 Year
1 Year Success Rate
4/6 ratings generated profit
1 Year Average Return
+53.70%
reiterated a buy rating 3 months ago
Copying Jeff Osborne's trades and holding each position for 1 Year would result in 66.67% of your transactions generating a profit, with an average return of +53.70% per trade.
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