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Cerence (CRNC)
NASDAQ:CRNC
Holding CRNC?
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CRNC Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$2.34 - $21.67
Previous Close$3.18
Volume1.11M
Average Volume (3M)1.51M
Market Cap
$132.94M
Enterprise Value$304.58M
Total Cash (Recent Filing)$120.96M
Total Debt (Recent Filing)$292.60M
Price to Earnings (P/E)―
Beta1.76
Next Earnings
Nov 18, 2024EPS Estimate
-$0.36Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-13.92
Shares Outstanding41,804,112
10 Day Avg. Volume911,396
30 Day Avg. Volume1,514,513
Standard Deviation0.22
R-Squared0.30
Alpha-0.03
Financial Highlights & Ratios
Price to Book (P/B)0.86
Price to Sales (P/S)0.36
Price to Cash Flow (P/CF)2.50
P/FCF Ratio2.20
Enterprise Value/Market CapN/A
Enterprise Value/Revenue0.85
Enterprise Value/Gross Profit1.53
Enterprise Value/Ebitda-0.57
Forecast
1Y Price Target
$6.43Price Target Upside102.20% Upside
Rating ConsensusHold
Number of Analyst Covering6
Cerence News
PremiumCompany Announcements
Cerence Names Brian Krzanich as CEO, Reaffirms Fiscal Guidance
Bulls Say, Bears Say
Bulls Say
Cost SavingsA sizable restructuring program is saving the company $35-40 million and is aimed at consistent EBITDA and cash generation.
Financial PerformanceQ3 earnings per share of $0.19 significantly beat the consensus of $0.01, showcasing strong financial performance.
Product IntegrationCerence Assistant can be integrated with an OEM in just 2-3 weeks out of the box, a substantial improvement over previous 12 to 24 months for bespoke solutions.
Bears Say
Dilution RiskThe new convertible debt likely will require more dilution and comes with a higher interest rate compared to the current 3%.
EarningsGAAP EPS was $(7.50), reflecting a $357 million goodwill impairment charge.
Financial PerformanceThe company lowered 2025 sales guide from mid-single-digit growth to a flat to low-single-digit decline.
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Ownership Overview
7.50% Insiders
16.77% Mutual Funds
2.27% Other Institutional Investors
59.26% 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 Nov 18, 2024 which is in 11 days.
How were Cerence’s earnings last quarter?
Cerence released its earnings results on Aug 08, 2024. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.16.
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 -$0.36.
How many shares outstanding does Cerence have?
Cerence has 41,804,110 shares outstanding.
What happened to Cerence’s price movement after its last earnings report?
Cerence reported an EPS of $0.19 in its last earnings report, beating expectations of $0.03. Following the earnings report the stock price went up 16.878%.
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 228K.
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Cerence Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Hold
Average Price Target:
$6.43 (102.20% Upside)
$6.43 (102.20% Upside)
Blogger Sentiment
Bullish
CRNC Sentiment 100%
Sector Average 69%
Sector Average 69%
Hedge Fund Trend
Increased
By 80.7K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Negative
Last 7 Days >0.1%
Last 30 Days ▼ 3.0%
Last 30 Days ▼ 3.0%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-80.85%
12-Months-Change
Fundamentals
Return on Equity
-135.17%
Trailing 12-Months
Asset Growth
-48.64%
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
Q3 2024
0:00 / 0:00
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CRNC Stock 12 Month Forecast
Average Price Target
$6.43
▲(102.20% Upside)
Technical Analysis
Best Analysts Covering CRNC
1 Year
1 Year Success Rate
5/8 ratings generated profit
1 Year Average Return
+35.06%
assigned a buy rating 3 months ago
Copying Jeff Osborne's trades and holding each position for 1 Year would result in 62.50% of your transactions generating a profit, with an average return of +35.06% per trade.
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