The 52-week high and low prices can offer valuable insights into a stock’s current standing and prospects for future performance. Cerence Inc’s current trading price is -60.35% away from its 52-week high, while its distance from the 52-week low is 267.09%. The stock’s price range for this period has been between $2.34 and $21.67 The company’s shares, which are part of the Technology sector, had a trading volume of approximately 1.68 million for the day, a number notably lower than the average daily volume of 3.22 million over the last three months.
Cerence Inc ‘s stock market performance has been somewhat erratic. The company’s stock reached a 1-year high price of $21.67 on 02/06/24, while the lowest value for the same period was recorded at $2.34 on 08/07/24.
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Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis
Cerence Inc (CRNC) has experienced a quarterly rise of 220.52% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 369.28M and boasts a workforce of 1400 employees.
Analyzing Trading Volume and Moving Average Trends
Based on Barchart.com data, the company’s moving average over the 100-day period was 4.09, with a change in price of +6.29. Similarly, Cerence Inc recorded 2,561,271 in trading volume during the last 100 days, posting a change of +257.79%.
Understanding Ticker ‘s Debt-to-Equity Ratio: An Analysis
The debt-to-equity (D/E) ratio serves as an important indicator of a company’s financial stability and market position. By dividing a company’s total liabilities by its shareholders’ equity, the D/E ratio reveals the degree to which a company relies on debt to finance assets compared to its shareholders’ equity. At the time of writing, the total D/E ratio for CRNC stands at 2.10. Similarly, the long-term debt-to-equity ratio is also 1.44.
CRNC Stock Stochastic Average
As of today, Cerence Inc’s raw stochastic average for the last 50 days stands at 90.87%. This is a rise compared to the raw stochastic average of the previous 20 days, which was noted at 79.45%. Furthermore, the company’s Stochastic %K and %D values for the past 20 days were 68.17% and 61.12%, respectively.
CRNC Stock Price Performance Analysis
Depending on how one views it, the stock price performance for the year has been a mixed bag, resulting in either an optimistic or pessimistic outlook. Until today this year the stock’s price performance recorded a decrease of -56.31%. However, over the last six months, the performance has been weaker by 212.36%. The price of CRNC increased 21.67% over the last 30 days. And in the last five days, it has surged by 11.56%.
