Cerence Inc (NASDAQ:CRNC) shares, rose in value, with the stock price down by -6.01% to the previous day’s close as strong demand from buyers drove the stock to $8.91.
Actively observing the price movement in the recent trading, the stock is buoying the session at $9.48, falling within a range of $8.82 and $9.31. The value of beta (5-year monthly) is 2.865. Referring to stock’s 52-week performance, its high was $27.50, and the low was $2.34. On the whole, CRNC has fluctuated by -25.63% over the past month.
With the market capitalization of Cerence Inc currently standing at about $384.91 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Feb-05.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 243.38M, with a low estimate of 73M and a high estimate of 76.57M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 75.42M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that CRNC’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the price of CRNC currently trading nearly -10.42% and -25.61% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 35.80, while the 7-day volatility ratio is showing 5.62% which for the 30-day chart, stands at 7.56%. Furthermore, Cerence Inc (CRNC)’s beta value is 2.96, and its average true range (ATR) is 0.86.
A comparison of Cerence Inc (CRNC) with its peers suggests the former has fared considerably weaker in the market. CRNC showed an intraday change of -6.01% in today’s session so far, and over the past year, it shrunk by -38.13%%.
Data on historical trading for Cerence Inc (NASDAQ:CRNC) indicates that the trading volumes over the past 10 days have averaged 0.98 and over the past 3 months, they’ve averaged 7.03 million. According to company’s latest data on outstanding shares, there are 42.99 million shares outstanding.
Nearly 7.49% of Cerence Inc’s shares belong to company insiders and institutional investors own 77.55% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 9.18 million shares as on 2025-03-14, resulting in a short ratio of 5.79. According to the data, the short interest in Cerence Inc (CRNC) stood at 2128.00 of shares outstanding as of 2025-03-14; the number of short shares registered in 2025-02-14 reached 8.41 million. The stock has risen by 13.50% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CRNC stock heading into the next quarter.
