Cerence Inc (NASDAQ:CRNC) shares, rose in value on Thursday, July 10, with the stock price down by -2.30% to the previous day’s close as strong demand from buyers drove the stock to $9.78.
Actively observing the price movement in the last trading, the stock closed the session at $10.01, falling within a range of $9.64 and $10.06. The value of beta (5-year monthly) was 2.795. 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 -2.69% over the past month.
With the market capitalization of Cerence Inc currently standing at about $423.06 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-May-07.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 241.28M, with a low estimate of 52.09M and a high estimate of 56.5M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 54.83M.
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 100% Buy on average. However, medium-term indicators have put the stock in the category of Hold 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 2.79% and 4.30% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 51.26, while the 7-day volatility ratio is showing 8.67% which for the 30-day chart, stands at 8.31%. Furthermore, Cerence Inc (CRNC)’s beta value is 2.87.
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 -2.30% in last session, and over the past year, it grew by 24.59%%.
Data on historical trading for Cerence Inc (NASDAQ:CRNC) indicates that the trading volumes over the past 10 days have averaged 2.48 and over the past 3 months, they’ve averaged 1.43 million. According to company’s latest data on outstanding shares, there are 43.25 million shares outstanding.
Nearly 7.53% of Cerence Inc’s shares belong to company insiders and institutional investors own 76.98% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 8.88 million shares as on 2025-06-13, resulting in a short ratio of 6.84. According to the data, the short interest in Cerence Inc (CRNC) stood at 2056.00 of shares outstanding as of 2025-06-13; the number of short shares registered in 2025-05-15 reached 8.81 million. The stock has risen by 222.77% 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.
