A stock’s 52-week high and low prices can offer a wealth of information about its current standing and prospective future performance. Cerence Inc’s current trading price is -48.43% away from its 52-week high, while its distance from the 52-week low is 506.08%. The stock’s price range for this time frame has been between $2.34 and $27.50. The trading volume of the company’s shares in the Technology reached around 9.41 million for the day, which was evidently higher than the average daily volume of 7.8 million over the last three months.
The stock market performance of Cerence Inc has been fairly unsteady. Over the last year, the company’s stock hit its highest at $27.50 on 01/06/25, while the lowest price during the same time frame was $2.34, recorded on 08/07/24.
How Financial Performance Impacts Market Capitalization
Cerence Inc (CRNC) has experienced a quarterly rise of 379.13% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 609.67M and boasts a workforce of 1400 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 5.77, with a change in price of +11.05. Similarly, Cerence Inc recorded 5,530,910 in trading volume during the last 100 days, posting a change of +342.11%.
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 2.10. Similarly, the long-term debt-to-equity ratio is also 1.44.
CRNC Stock Stochastic Average
Cerence Inc’s raw stochastic average for the past 50 days is currently at 46.48%. This represents a surge from the raw stochastic average of the last 20 days, which was recorded at 34.72%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 30.90% and 28.60%, respectively.
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. Until today this year the stock’s price performance recorded an increase of 80.66%. However, over the last six months, the performance has been weaker by 348.80%. The price of CRNC increased 84.18% over the last 30 days. And in the last five days, it has surged by 8.10%.
