Cerence Inc (CRNC): A Case For Going Higher

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours.

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Stocks Info

This NASDAQ-listed company operates within the Software – Application industry segment, falling under the Technology sector. The current market capitalization of Cerence Inc is $156.75M. A total of 5.01 million shares were traded on the day, compared to an average of 1.35M shares.

In the most recent transaction, BEAUDOIN THOMAS L sold 5,000 shares of CRNC for 3.13 per share on Oct 01 ’24. After the transaction, the Director now owns 217,457 company shares. In a previous transaction on Oct 01 ’24, THOMAS L. BEAUDOIN bought 5,000 shares at 3.13 per share.

Among the insiders who sold shares, BEAUDOIN THOMAS L disposed of 5,000 shares on Sep 03 ’24 at a per-share price of $3.34. This resulted in the Director holding 222,457 shares of CRNC after the transaction. In another insider transaction, THOMAS L. BEAUDOIN bought 5,000 shares at $3.34 per share on Sep 03 ’24.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, CRNC has a high of $21.67 and a low of $2.34.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. CRNC’s latest balance sheet shows that the firm has $158.86M in Cash & Short Term Investments as of fiscal 2021. There were $288.12M in debt and $165.31M in liabilities at the time. Its Book Value Per Share was $3.69, while its Total Shareholder’s Equity was $1.03B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CRNC is Buy with a score of 3.25.

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