Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. Cerence Inc’s current trading price is -67.08% away from its 52-week high, while its distance from the 52-week low is -6.77%. The stock’s price range during this period has varied between $12.99 and $36.79. The company, active in the Technology sector, saw a trading volume of around 0.56 million for the day, considerably higher average daily volume of 0.48 million observed over the last three months.
Cerence Inc’s stock has seen a rocky market performance. The company’s stock achieved a 1-year high of $36.79 on 06/20/23, and the lowest price during that time was $12.99, recorded on 04/15/24.
How Financial Performance Impacts Market Capitalization
Cerence Inc (CRNC) has experienced a quarterly decline of -36.23% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 504.62M and boasts a workforce of 1700 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 16.83, with a change in price of -5.23. Similarly, Cerence Inc recorded 490,030 in trading volume during the last 100 days, posting a change of -30.16%.
How CRNC’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for CRNC stands at 0.40. Similarly, the long-term debt-to-equity ratio is also 0.39.
CRNC Stock Stochastic Average
As of today, the raw stochastic average of Cerence Inc over the past 50 days is 1.65%. This is a decrease compared to the raw stochastic average of the last 20 days, which was recorded at 4.08%. Additionally, the Stochastic %K and %D values for the company were 13.63% and 15.06%, respectively, over the past 20 days.
CRNC Stock Price Performance Analysis
The stock price performance for the year has been a mixed bag, indicating either a pessimistic or optimistic outlook depending on how you look at it. This year’s metric has recorded a Price decrease of -38.40%. However, over the past six months, we’ve seen a stronger performance of -32.95%. The price of CRNC leaped by -17.17% over the last 30 days. And in the last five days, it has fallen by -13.93%.
