Cerence Inc (NASDAQ: CRNC) May Be Attracting Institutional Investments

After Hours

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.

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Stocks Info

Cerence Inc is listed on the NASDAQ as a member of the Technology sector and is a part of the Software – Application industry. The current market capitalization of Cerence Inc is $371.72M. A total of 17.39 million shares were traded on the day, compared to an average of 2.62M 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.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. In terms of 52-week highs and lows, CRNC has a high of $21.67 and a low of $2.34.

As of this writing, CRNC has an earnings estimate of -$0.26 per share for the current quarter. EPS was calculated based on a consensus of 7.0 estimates, with a high estimate of -$0.17 per share and a lower estimate of -$0.3. The company reported an EPS of $1.12 in the last quarter

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on 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 $3.37, while its Total Shareholder’s Equity was $1.03B.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. 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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