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Cerence (CRNC)
NASDAQ:CRNC
Cerence (CRNC) Stock Price & Analysis
950 Followers
CRNC Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$8.91 - $36.79
Previous Close$9.56
Volume1.18M
Average Volume (3M)502.98K
Market Cap
$282.55M
Enterprise Value$581.05M
Total Cash (Recent Filing)$108.52M
Total Debt (Recent Filing)$291.16M
Price to Earnings (P/E)-11.8
Beta1.48
Next Earnings
May 09, 2024EPS Estimate
-$0.22Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-0.81
Shares Outstanding41,674,637
10 Day Avg. Volume579,140
30 Day Avg. Volume502,981
Standard Deviation0.22
R-Squared0.41
Alpha-0.01
Financial Highlights & Ratios
Price to Book (P/B)-2.20
Price to Sales (P/S)4.93
Price to Cash Flow (P/CF)-34.90
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue1.85
Enterprise Value/Gross Profit2.92
Enterprise Value/Ebitda11.41
Forecast
1Y Price Target
$15.00Price Target Upside121.24% Upside
Rating ConsensusHold
Number of Analyst Covering3
Cerence News
Bulls Say, Bears Say
Bulls Say
Financial GuidanceThe company maintains its financial guidance, signaling confidence in its ongoing performance and stability.
Innovation And Market LeadershipCerence's leadership in AI voice software for mobility markets underscores its innovative edge and potential for growth.
Product LaunchThe industry's first Gen AI enabled vehicles hit the road, providing a potential catalyst.
Bears Say
Financial ForecastOur GM estimates in F2H24 and FY25 may be too high given a lower Connected Services base and delayed SOPs.
Management CredibilityInvestors are concerned new management will lower long-term targets.
Stock ValuationThe stock is trading below book value per share as investors may be anticipating further number cuts.
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Ownership Overview
5.52% Insiders
32.41% Mutual Funds
37.29% Other Institutional Investors
24.77% 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 $8.91 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 May 09, 2024 which is yesterday.
How were Cerence’s earnings last quarter?
Cerence released its earnings results on Feb 06, 2024. The company reported $1.12 earnings per share for the quarter, beating the consensus estimate of $0.915 by $0.205.
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 -$0.22.
How many shares outstanding does Cerence have?
Cerence has 41,674,637 shares outstanding.
What happened to Cerence’s price movement after its last earnings report?
Cerence reported an EPS of $1.12 in its last earnings report, beating expectations of $0.915. Following the earnings report the stock price went down -7.1%.
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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Analyst Consensus
Hold
Average Price Target:
$15.00 (121.24% Upside)
$15.00 (121.24% 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 ▼ 0.4%
Last 30 Days ▼ 0.7%
Last 30 Days ▼ 0.7%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-64.10%
12-Months-Change
Fundamentals
Return on Equity
-4.17%
Trailing 12-Months
Asset Growth
-6.18%
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
Q1 2024
0:00 / 0:00
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CRNC Stock 12 Month Forecast
Average Price Target
$15.00
▲(121.24% Upside)
Technical Analysis
Best Analysts Covering CRNC
1 Year
1 Year Success Rate
3/11 ratings generated profit
1 Year Average Return
-28.96%
reiterated a buy rating 3 months ago
Copying Colin Langan's trades and holding each position for 1 Year would result in 27.27% of your transactions generating a profit, with an average return of -28.96% per trade.
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