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Cerence (CRNC)
NASDAQ:CRNC
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CRNC Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$2.34 - $21.67
Previous Close$7.67
Volume2.01M
Average Volume (3M)3.22M
Market Cap
$325.85M
Enterprise Value$494.10M
Total Cash (Recent Filing)$126.99M
Total Debt (Recent Filing)$295.24M
Price to Earnings (P/E)―
Beta2.21
Next Earnings
Feb 10, 2025EPS Estimate
-$0.26Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-14.12
Shares Outstanding42,827,789
10 Day Avg. Volume1,848,812
30 Day Avg. Volume3,215,571
Standard Deviation0.29
R-Squared0.24
Alpha-0.00994
Financial Highlights & Ratios
Price to Book (P/B)2.33
Price to Sales (P/S)0.91
Price to Cash Flow (P/CF)13.30
P/FCF Ratio10.40
Enterprise Value/Market CapN/A
Enterprise Value/Revenue1.49
Enterprise Value/Gross Profit2.02
Enterprise Value/Ebitda-0.88
Forecast
1Y Price Target
$7.40Price Target Upside-3.52% Downside
Rating ConsensusHold
Number of Analyst Covering6
Cerence News
PremiumCompany Announcements
Cerence Appoints Tony Rodriquez as New CFO
PremiumCompany Announcements
Cerence Inc. Reports FY24 Results and Outlines Future Growth Plans
Bulls Say, Bears Say
Bulls Say
Financial PerformanceThe company reported better 4QF24 results, including a $5 million license true-up and guided F2025 above expectations.
Leadership And StrategyThe market is clearly reacting positively to new CEO Brian Krzanich's early actions.
Product DevelopmentGenerative AI launches are gaining traction with OEMs, positioning Cerence for potential long-term growth.
Bears Say
Debt Refinancing$87.5mn convertible note due in June 2025 poses a near-term financial challenge as management is exploring refinancing options.
Financial ChallengesNear-term challenges include declining royalties, Professional Services headwinds, and the upcoming $87.5mn debt.
Investor SentimentInvestor interest is anticipated to remain subdued with CRNC still down significantly YTD despite recent positive movements.
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Ownership Overview
7.89% Insiders
13.81% Mutual Funds
24.57% Other Institutional Investors
43.39% 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 $2.34 and its highest was $21.66 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 Feb 10, 2025 which is in 51 days.
How were Cerence’s earnings last quarter?
Cerence released its earnings results on Nov 21, 2024. The company reported -$0.07 earnings per share for the quarter, beating the consensus estimate of -$0.364 by $0.294.
Is Cerence overvalued?
According to Wall Street analysts Cerence’s price is currently Overvalued.
Does Cerence pay dividends?
Cerence does not currently pay dividends.
What is Cerence’s EPS estimate?
Cerence’s EPS estimate is -$0.26.
How many shares outstanding does Cerence have?
Cerence has 42,988,420 shares outstanding.
What happened to Cerence’s price movement after its last earnings report?
Cerence reported an EPS of -$0.07 in its last earnings report, beating expectations of -$0.364. Following the earnings report the stock price went up 106.738%.
Which hedge fund is a major shareholder of Cerence?
Among the largest hedge funds holding Cerence’s share is Graham Capital Management, L.P.. It holds Cerence’s shares valued at 254K.
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Cerence Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Hold
Average Price Target:
$7.40 (-3.52% Downside)
$7.40 (-3.52% Downside)
Blogger Sentiment
Bullish
CRNC Sentiment 100%
Sector Average 69%
Sector Average 69%
Hedge Fund Trend
Decreased
By 118.0 Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Positive
Last 7 Days ▼ 3.4%
Last 30 Days ▲ 9.2%
Last 30 Days ▲ 9.2%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
-56.59%
12-Months-Change
Fundamentals
Return on Equity
-140.69%
Trailing 12-Months
Asset Growth
-45.87%
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
Q4 2024
0:00 / 0:00
Earnings Call Sentiment|Neutral
The earnings call showed strong performance in AI initiatives and exceeded revenue and EBITDA expectations for Q4. However, there are significant challenges including year-over-year revenue decline, convertible note concerns, and declines in professional services and shipments. The sentiment for the call is cautiously optimistic with a focus on restructuring and future growth.Read More>---
CRNC Stock 12 Month Forecast
Average Price Target
$7.40
▼(-3.52% Downside)
Technical Analysis
Best Analysts Covering CRNC
1 Year
1 Year Success Rate
7/9 ratings generated profit
1 Year Average Return
+66.13%
reiterated a buy rating 30 days ago
Copying Jeff Osborne's trades and holding each position for 1 Year would result in 77.78% of your transactions generating a profit, with an average return of +66.13% per trade.
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