Cerence (CRNC) Stock Price, News & Analysis

Company Overview

Cerence Inc. provides AI powered virtual assistants for the mobility/transportation market in United States, Other Americas, Germany, Europe, Middle East, Africa, Japan, and Other Asia-Pacific. The company offers edge software components, cloud-connected components, virtual assistant coexistence, and professional services. It also provides conversational artificial intelligence-based solutions, including speech recognition, natural language understanding, speech signal enhancement, text-to-speech, and acoustic modeling technology. Cerence Inc. is headquartered in Burlington, Massachusetts.

Key Stats

• Today's Range: $2.58 to $2.75
• 50-Day Range: $2.37 to $3.61
• 52-Week Range: $2.34 to $21.67
• Volume: 868,245 shs
• Average Volume: 1.16 million shs
• Market Capitalization: $111.96 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $8.41
• Consensus Rating: Hold

Cerence Stock Analysis - MarketRank™

Cerence scored higher than 86% of companies evaluated by MarketBeat, and ranked 157th out of 664 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 4.1 / 5
• Analyst Rating: Hold

Consensus Rating

Cerence has received a consensus rating of Hold. The company's average rating score is 2.13, and is based on 1 buy rating, 7 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Cerence has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: Decreasing

Earnings Growth

Earnings for Cerence are expected to decrease in the coming year, from $0.45 to ($0.25) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Cerence is -0.39, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Cerence is -0.39, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Cerence has a P/B Ratio of 0.16. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

15.37% of the outstanding shares of Cerence have been sold short.

Short Interest Ratio / Days to Cover

Cerence has a short interest ratio ("days to cover") of 5.2.

Change versus previous month

Short interest in Cerence has recently decreased by 7.23%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Cerence does not currently pay a dividend.

Dividend Growth

Cerence does not have a long track record of dividend growth.

Sustainability and ESG

• Score: 2.6 / 5
• Environmental Score: -1.68

Percentage of Shares Shorted

15.37% of the outstanding shares of Cerence have been sold short.

Short Interest Ratio / Days to Cover

Cerence has a short interest ratio ("days to cover") of 5.2.

Change versus previous month

Short interest in Cerence has recently decreased by 7.23%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 1.7 / 5
• News Sentiment: -0.92

News Sentiment

Cerence has a news sentiment score of -0.92. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.54 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 4 news articles for Cerence this week, compared to 2 articles on an average week.

Search Interest

7 people have searched for CRNC on MarketBeat in the last 30 days. This is an increase of 40% compared to the previous 30 days.

MarketBeat Follows

3 people have added Cerence to their MarketBeat watchlist in the last 30 days. This is an increase of 50% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Cerence insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $31,400.00 in company stock.

Percentage Held by Insiders

Only 1.19% of the stock of Cerence is held by insiders.

Percentage Held by Institutions

91.44% of the stock of Cerence is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

CRNC Stock Analysis - Frequently Asked Questions

How have CRNC shares performed this year?

Cerence's stock was trading at $19.66 at the beginning of 2024. Since then, CRNC shares have decreased by 86.4% and is now trading at $2.68.
View the best growth stocks for 2024 here.

How were Cerence's earnings last quarter?

Cerence Inc. (NASDAQ:CRNC) released its quarterly earnings results on Thursday, August, 8th. The company reported $0.06 EPS for the quarter, topping analysts' consensus estimates of ($0.13) by $0.19. The company had revenue of $70.54 million for the quarter, compared to analyst estimates of $70.33 million. Cerence had a negative net margin of 162.04% and a positive trailing twelve-month return on equity of 6.92%.

Who are Cerence's major shareholders?

Top institutional investors of Cerence include SG Americas Securities LLC (0.03%). Insiders that own company stock include Stefan Ortmanns, Iqbal Arshad, Prateek Kathpal, Christophe Couvreur, Mark J Gallenberger, Leanne Fitzgerald and Sanjay Dhawan.
View institutional ownership trends.

How do I buy shares of Cerence?

Shares of CRNC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Cerence own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Cerence investors own include NVIDIA (NVDA), Block (SQ), Fastly (FSLY), DocuSign (DOCU), PayPal (PYPL), Shopify (SHOP) and Teladoc Health (TDOC).

Company Calendar

• Last Earnings: 8/08/2024
• Today: 10/05/2024
• Next Earnings (Estimated): 11/25/2024
• Fiscal Year End: 9/30/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Computer and Technology
• Industry: Prepackaged software
• Sub-Industry: Computer Software
• Current Symbol: NASDAQ:CRNC
• CUSIP: N/A
• CIK: 1768267
• Web: www.cerence.com
• Phone: 857-362-7300
• Fax: N/A
• Employees: 1,700
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $8.41
• High Stock Price Target: $23.00
• Low Stock Price Target: $3.00
• Potential Upside/Downside: +213.9%
• Consensus Rating: Hold
• Rating Score (0-4): 2.13
• Research Coverage: 8 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($6.83)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: 5.96
• P/E Growth: N/A
• Net Income: $-56,250,000.00
• Net Margins: -162.04%
• Pretax Margin: -157.74%
• Return on Equity: 6.92%
• Return on Assets: 3.35%

Debt

• Debt-to-Equity Ratio: 1.25
• Current Ratio: 1.31
• Quick Ratio: 1.31

Sales & Book Value

• Annual Sales: $357.46 million
• Price / Sales: 0.31
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $17.23 per share
• Price / Book: 0.16

Miscellaneous

• Outstanding Shares: 41,777,000
• Free Float: 41,280,000
• Market Cap: $111.96 million
• Optionable: Optionable
• Beta: 2.36