An Evaluation Of Cerence Inc (NASDAQ: CRNC) Prospects

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility.

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Stocks Info

CRNC belongs to the Technology sector of the NASDAQ while operating in the Software – Application industry. The current market capitalization of Cerence Inc is $140.21M. A total of 1.13 million shares were traded on the day, compared to an average of 1.46M shares.

In the most recent transaction, BEAUDOIN THOMAS L sold 5,000 shares of CRNC for 3.11 per share on Nov 01 ’24. After the transaction, the Director now owns 201,054 company shares. In a previous transaction on Nov 01 ’24, THOMAS L. BEAUDOIN bought 5,000 shares at 3.11 per share.

Among the insiders who sold shares, BEAUDOIN THOMAS L disposed of 11,403 shares on Oct 07 ’24 at a per-share price of $2.89. This resulted in the Director holding 206,054 shares of CRNC after the transaction. In another insider transaction, Roman Katherine sold 2,225 shares at $2.89 per share on Oct 07 ’24. Company shares held by the VP Corporate Controller now total 37,965.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. 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

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. 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

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. 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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