NASDAQ:CRNC Cerence (CRNC) Stock Price, News & Analysis → Biotech's Best Kept Secret: Potential 46,751% Gain (From Behind the Markets) (Ad) Free CRNC Stock Alerts $3.44 -0.14 (-3.91%) (As of 05/31/2024 ET) Add Compare Share Share Today's Range$3.43▼$3.6050-Day Range$3.21▼$15.7552-Week Range$3.16▼$36.79Volume2.32 million shsAverage Volume2.54 million shsMarket Capitalization$143.72 millionP/E RatioN/ADividend YieldN/APrice Target$10.08 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrendsStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrends Get Cerence alerts: Email Address Cerence MarketRank™ Stock AnalysisAnalyst RatingHold2.00 Rating ScoreUpside/Downside193.1% Upside$10.08 Price TargetShort InterestBearish19.24% of Float Sold ShortDividend StrengthN/ASustainability-1.68Upright™ Environmental ScoreNews Sentiment0.22Based on 3 Articles This WeekInsider TradingSelling Shares$606,225 Sold Last QuarterProj. Earnings GrowthDecreasingFrom $0.10 to ($0.89) Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.3.80 out of 5 starsComputer And Technology Sector199th out of 596 stocksPrepackaged Software Industry67th out of 201 stocks 4.0 Analyst's Opinion Consensus RatingCerence has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 6 hold ratings, and no sell ratings.Amount of Analyst CoverageCerence has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.Read more about Cerence's stock forecast and price target. Previous Next 1.0 Short Interest Percentage of Shares Shorted19.24% of the float of Cerence has been sold short.Short Interest Ratio / Days to CoverCerence has a short interest ratio ("days to cover") of 6.8.Change versus previous monthShort interest in Cerence has recently increased by 6.30%, indicating that investor sentiment is decreasing significantly. Previous Next 0.0 Dividend Strength Dividend YieldCerence does not currently pay a dividend.Dividend GrowthCerence does not have a long track record of dividend growth. Previous Next 2.6 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreCerence has received a 16.01% net impact score from Upright. Cerence seems to create the most significant positive value in categories "Taxes", "Jobs", and "Knowledge infrastructure". The positive contribution in the "Knowledge infrastructure" impact category is mostly driven by its "Integrated development environments", "Continuous authentication software", and "Speech recognition software" products. See details.Environmental SustainabilityThe Environmental Impact score for Cerence is -1.68. Previous Next 2.3 News and Social Media Coverage News SentimentCerence has a news sentiment score of 0.22. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.65 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 3 news articles for Cerence this week, compared to 2 articles on an average week.Search Interest14 people have searched for CRNC on MarketBeat in the last 30 days. This is an increase of 56% compared to the previous 30 days.MarketBeat FollowsOnly 2 people have added Cerence to their MarketBeat watchlist in the last 30 days. This is a decrease of -33% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Cerence insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $606,225.00 in company stock.Percentage Held by InsidersOnly 1.19% of the stock of Cerence is held by insiders.Percentage Held by Institutions91.44% of the stock of Cerence is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about Cerence's insider trading history. Previous Next 0.6 Earnings and Valuation Earnings GrowthEarnings for Cerence are expected to decrease in the coming year, from $0.10 to ($0.89) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Cerence is -0.50, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Cerence is -0.50, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioCerence has a P/B Ratio of 0.31. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.Read more about Cerence's valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Behind the MarketsBiotech's Best Kept Secret: Potential 46,751% GainThe world's #1 biotech investor has been praising this stock since it was just $18.56. Even though it's rocketed 266% this year, he's now recommending a different biotech entirely!Get the name of the stock here >>> About Cerence Stock (NASDAQ:CRNC)Cerence Inc. provides AI powered virtual assistants for the mobility/transportation market in United States, Other Americas, Germany, Europe, Middle East, Africa, Japan, and Other Asia-Pacific. The company offers edge software components, cloud-connected components, virtual assistant coexistence, and professional services. It also provides conversational artificial intelligence-based solutions, including speech recognition, natural language understanding, speech signal enhancement, text-to-speech, and acoustic modeling technology. Cerence Inc. is headquartered in Burlington, Massachusetts.Read More CRNC Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart CRNC Stock News HeadlinesMay 29, 2024 | globenewswire.comCerence to Power Zeekr Multilingual AI AssistantMay 18, 2024 | morningstar.comCerence Inc Ordinary SharesMay 17, 2024 | markets.businessinsider.comCraig-Hallum Keeps Their Hold Rating on Cerence (CRNC)May 16, 2024 | marketwatch.comCerence Inc.: CFO Daniel Tempesta Resigns Effective May 17 >CRNCMay 11, 2024 | markets.businessinsider.comCerence Inc.: Navigating Transitional Dynamics and Financial Downward AdjustmentsMay 11, 2024 | msn.comWells Fargo Downgrades Cerence (CRNC)May 10, 2024 | msn.comWarner Bros. upgraded, Cerence downgraded: Wall Street's top analyst callsMay 10, 2024 | markets.businessinsider.comWedbush Reaffirms Their Hold Rating on Cerence (CRNC)May 10, 2024 | markets.businessinsider.comWhat Analysts Are Saying About Cerence StockMay 10, 2024 | msn.comCerence Inc. (NASDAQ:CRNC) Q2 2024 Earnings Call TranscriptMay 10, 2024 | finance.yahoo.comCerence Inc (CRNC) Faces Financial Challenges in Q2 2024 Despite Revenue OutperformanceMay 10, 2024 | finance.yahoo.comCerence Second Quarter 2024 Earnings: Revenues Beat Expectations, EPS LagsMay 9, 2024 | globenewswire.comCerence Announces Second Quarter Fiscal Year 2024 ResultsMay 7, 2024 | msn.comNeedham Downgrades Cerence (CRNC)May 6, 2024 | investorplace.comShhh! 3 Secret AI Stocks Flying Below Wall Street's RadarMay 3, 2024 | businesswire.comCERENCE INVESTIGATION CONTINUED by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Continues to Investigate the Officers and Directors of Cerence Inc. - CRNCApril 27, 2024 | stockhouse.comFoxtron and Cerence Collaborate to Bring First-of-its-Kind Intuitive Interaction to Foxtron's New Electric Vehicles in TaiwanApril 25, 2024 | globenewswire.comCerence to Announce Fiscal Second Quarter Results on May 9, 2024April 25, 2024 | finance.yahoo.comFoxtron and Cerence Collaborate to Bring First-of-its-Kind Intuitive Interaction to Foxtron’s New Electric Vehicles in TaiwanApril 23, 2024 | finance.yahoo.comInsider Sell: CEO Stefan Ortmanns Sells 10,762 Shares of Cerence Inc (CRNC)April 19, 2024 | prnewswire.comCERENCE INVESTIGATION CONTINUED BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC Continues to Investigate the Officers and Directors of Cerence Inc. - CRNCApril 17, 2024 | markets.businessinsider.comAnalyst Scoreboard: 4 Ratings For CerenceApril 12, 2024 | investorplace.com3 Tech Stocks to Buy to Triple Your Investment by 2025April 5, 2024 | businesswire.comCERENCE INVESTIGATION CONTINUED by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Continues to Investigate the Officers and Directors of Cerence Inc. - CRNCMarch 27, 2024 | uk.finance.yahoo.comInsider Sell: CEO Stefan Ortmanns Sells 15,389 Shares of Cerence Inc (CRNC)See More Headlines Receive CRNC Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Cerence and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings5/09/2024Today6/02/2024Next Earnings (Estimated)8/13/2024Fiscal Year End9/30/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorComputer and Technology Industry Prepackaged software Sub-IndustryN/A Current SymbolNASDAQ:CRNC CUSIPN/A CIK1768267 Webwww.cerence.com Phone857-362-7300FaxN/AEmployees1,700Year FoundedN/APrice Target and Rating Average Stock Price Target$10.08 High Stock Price Target$23.00 Low Stock Price Target$6.00 Potential Upside/Downside+193.1%Consensus RatingHold Rating Score (0-4)2.00 Research Coverage6 Analysts Profitability EPS (Most Recent Fiscal Year)($6.83) Trailing P/E RatioN/A Forward P/E Ratio34.40 P/E GrowthN/ANet Income$-56,250,000.00 Net Margins-80.93% Pretax Margin-63.47% Return on Equity3.66% Return on Assets1.95% Debt Debt-to-Equity Ratio0.60 Current Ratio2.18 Quick Ratio2.18 Sales & Book Value Annual Sales$294.48 million Price / Sales0.49 Cash FlowN/A Price / Cash FlowN/A Book Value$11.09 per share Price / Book0.31Miscellaneous Outstanding Shares41,780,000Free Float41,280,000Market Cap$143.72 million OptionableOptionable Beta2.57 The Next 7 Blockbuster Stocks for Growth InvestorsWondering what the next stocks will be that hit it big, with solid fundamentals? Click the link below to learn more about how your portfolio could bloom.Get This Free Report Key ExecutivesDr. Stefan Ortmanns (Age 60)President, CEO & Director Comp: $1.18MMr. Iqbal Arshad (Age 62)Executive VP & CTO Comp: $906.7kMr. Thomas L. Beaudoin (Age 71)Executive Officer & Director Comp: $868.08kMr. Daniel D. Tempesta (Age 54)Chief Financial Officer Ms. Jennifer SalinasSenior VP, General Counsel & SecretaryMr. Sachin SahneyChief Human Resources OfficerMr. Sujal ShahHead of Professional ServicesMr. Nils SchanzChief Product OfficerMr. Christian MentzChief Revenue OfficerDennis J. CloseVP & TreasurerMore ExecutivesKey CompetitorsWeave CommunicationsNYSE:WEAVBigCommerceNASDAQ:BIGCBandwidthNASDAQ:BANDCognyte SoftwareNASDAQ:CGNTMagic Software EnterprisesNASDAQ:MGICView All CompetitorsInsiders & InstitutionsStefan OrtmannsSold 5,249 sharesTotal: $20,313.63 ($3.87/share)Walleye Trading LLCSold 1,600 shares on 5/17/2024Ownership: 0.000%Kennedy Capital Management LLCBought 165,519 shares on 5/16/2024Ownership: 0.396%PEAK6 Investments LLCBought 18,600 shares on 5/15/2024Ownership: 0.000%CANADA LIFE ASSURANCE CoBought 556,596 shares on 5/14/2024Ownership: 2.678%View All Insider TransactionsView All Institutional Transactions CRNC Stock Analysis - Frequently Asked Questions Should I buy or sell Cerence stock right now? 6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cerence in the last twelve months. There are currently 6 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" CRNC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CRNC, but not buy additional shares or sell existing shares. View CRNC analyst ratings or view top-rated stocks. What is Cerence's stock price target for 2024? 6 brokers have issued 1 year price targets for Cerence's stock. Their CRNC share price targets range from $6.00 to $23.00. On average, they predict the company's share price to reach $10.08 in the next year. This suggests a possible upside of 193.1% from the stock's current price. View analysts price targets for CRNC or view top-rated stocks among Wall Street analysts. How have CRNC shares performed in 2024? Cerence's stock was trading at $19.66 at the beginning of the year. Since then, CRNC stock has decreased by 82.5% and is now trading at $3.44. View the best growth stocks for 2024 here. Are investors shorting Cerence? Cerence saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 6,920,000 shares, an increase of 6.3% from the April 30th total of 6,510,000 shares. Based on an average daily trading volume, of 1,020,000 shares, the short-interest ratio is currently 6.8 days. Approximately 19.2% of the shares of the stock are short sold. View Cerence's Short Interest. When is Cerence's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 13th 2024. View our CRNC earnings forecast. How were Cerence's earnings last quarter? Cerence Inc. (NASDAQ:CRNC) issued its earnings results on Thursday, May, 9th. The company reported ($0.20) earnings per share for the quarter, topping analysts' consensus estimates of ($0.46) by $0.26. The company earned $67.83 million during the quarter, compared to analyst estimates of $62.22 million. Cerence had a negative net margin of 80.93% and a positive trailing twelve-month return on equity of 3.66%. What ETFs hold Cerence's stock? ETFs with the largest weight of Cerence (NASDAQ:CRNC) stock in their portfolio include Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares (EVAV) and Global X Robotics & Artificial Intelligence Thematic ETF (BOTZ).Direxion Daily S&P Expanded Tech Software Sector Bull 2X Shares (SWAR). What guidance has Cerence issued on next quarter's earnings? Cerence updated its third quarter 2024 earnings guidance on Thursday, May, 9th. The company provided earnings per share (EPS) guidance of -0.010-0.130 for the period, compared to the consensus earnings per share estimate of 0.130. The company issued revenue guidance of $66.0 million-$72.0 million, compared to the consensus revenue estimate of $75.5 million. What other stocks do shareholders of Cerence own? Based on aggregate information from My MarketBeat watchlists, some companies that other Cerence investors own include NVIDIA (NVDA), Block (SQ), Fastly (FSLY), DocuSign (DOCU), PayPal (PYPL), Shopify (SHOP), Teladoc Health (TDOC), Alteryx (AYX), Lumentum (LITE) and Salesforce (CRM). Who are Cerence's major shareholders? Cerence's stock is owned by many different retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (12.79%), CANADA LIFE ASSURANCE Co (2.68%), Pinnacle Associates Ltd. (1.49%), Mirae Asset Global Investments Co. Ltd. (0.86%), Principal Financial Group Inc. (0.52%) and Kennedy Capital Management LLC (0.40%). Insiders that own company stock include Christophe Couvreur, Iqbal Arshad, Leanne Fitzgerald, Mark J Gallenberger, Prateek Kathpal, Sanjay Dhawan, Stefan Ortmanns and Thomas L Beaudoin. View institutional ownership trends. How do I buy shares of Cerence? Shares of CRNC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. This page (NASDAQ:CRNC) was last updated on 6/2/2024 by MarketBeat.com Staff From Our PartnersTrump’s Gift Could Unleash $51 Billion in New WealthWealthpin ProBiden replacement revealed?Paradigm PressBiden Nomination CANCELED?The Freeport SocietyWarren Buffett, Jeff Bezos, Michael Bloomberg, & 48 Members of Congress Are Buying ONE Sector…InvestorPlaceExposed: 10 CENT Crypto to Explode May 20th?True Market InsidersHe Is Giving Away BitcoinCrypto Swap ProfitsWrite this ticker symbol down…StocksToTradeThe #1 Crypto That You Don’t Own… YetCrypto 101 Media Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Cerence Inc. 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