Cerence Stock Today
| CRNC Stock | USD 6.69 0.22 3.40% |
Performance9 of 100
| Odds Of DistressOver 56
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Cerence is trading at 6.69 as of the 28th of November 2024, a 3.40 percent increase since the beginning of the trading day. The stock's open price was 6.47. Cerence has over 56 % chance of experiencing financial distress in the next 2 years of operation and did not have a very good performance during the last 90 trading days. Note, on September 19, 2022, Representative Josh Gottheimer of US Congress acquired under $15k worth of Cerence's common stock.
Business Domain Software & Services | IPO Date 2nd of October 2019 | Category Technology | Classification Information Technology |
Cerence Inc. provides AI powered virtual assistants for the mobilitytransportation market worldwide. It also provides conversational artificial intelligence-based solutions, including speech recognition, natural language understanding, speech signal enhancement, text-to-speech, and acoustic modeling technology. The company has 42.83 M outstanding shares of which 6.56 M shares are currently shorted by private and institutional investors with about 3.71 trading days to cover. More on Cerence
Moving together with Cerence Stock
| 0.8 | AI | C3 Ai Inc Earnings Call This Week | PairCorr |
Cerence Stock Highlights
ESG Sustainability
Environmental | Governance | Social |
| CEO Director | Brian Krzanich | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Systems Software, Software - Application, Information Technology, NASDAQ Composite, Nasdaq CTA Artificial, Information Technology, Software, Software—Application, Technology (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial Strength
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Debt LevelsCerence can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Cerence's financial leverage. It provides some insight into what part of Cerence's total assets is financed by creditors.
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Cerence (CRNC) is traded on NASDAQ Exchange in USA. It is located in 1 Burlington Woods Drive, Burlington, MA, United States, 01803 and employs 1,700 people. Cerence is listed under Systems Software category by Fama And French industry classification. The company currently falls under 'Small-Cap' category with a current market capitalization of 277.1 M. Cerence conducts business under Software sector and is part of Information Technology industry. The entity has 42.83 M outstanding shares of which 6.56 M shares are currently shorted by private and institutional investors with about 3.71 trading days to cover.
Cerence currently holds about 129.34 M in cash with 17.2 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 3.28.
Check Cerence Probability Of Bankruptcy
Ownership AllocationCerence holds a total of 42.83 Million outstanding shares. The majority of Cerence outstanding shares are owned by other corporate entities. These outside corporations are usually referred to as non-private investors looking to acquire positions in Cerence to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Cerence. Please pay attention to any change in the institutional holdings of Cerence as this could imply that something significant has changed or is about to change at the company. On September 19, 2022, Representative Josh Gottheimer of US Congress acquired under $15k worth of Cerence's common stock.
Check Cerence Ownership Details
Cerence Stock Institutional Holders
| Instituion | Recorded On | Shares | |
| Dimensional Fund Advisors, Inc. | 2024-09-30 | 874.5 K | |
| Jacobs Levy Equity Management, Inc. | 2024-09-30 | 823.4 K | |
| Two Sigma Investments Llc | 2024-09-30 | 798 K | |
| Qube Research & Technologies | 2024-06-30 | 730.1 K | |
| Goldman Sachs Group Inc | 2024-06-30 | 698.7 K | |
| Mirae Asset Global Etfs Holdings Ltd. | 2024-06-30 | 547.6 K | |
| Susquehanna International Group, Llp | 2024-06-30 | 539.6 K | |
| Two Sigma Advisers, Llc | 2024-06-30 | 536.3 K | |
| Raymond James Finl Svs Advisors, Inc. | 2024-09-30 | 486.4 K | |
| American Capital Management Inc | 2024-09-30 | 3.9 M | |
| Blackrock Inc | 2024-06-30 | 3.3 M |
Cerence Historical Income Statement
Cerence Stock Against Markets
Cerence Corporate Management
| Katherine Roman | Corporate VP | Profile | |
| Dennis Close | VP Treasurer | Profile | |
| Nils Lenke | VP Applications | Profile | |
| Bridget Collins | Chief Officer | Profile | |
| Daniel Tempesta | Chief Officer | Profile | |
| Sachin Sahney | Chief Officer | Profile |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cerence. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. For information on how to trade Cerence Stock refer to our How to Trade Cerence Stock guide.You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
Is Systems Software space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Cerence. If investors know Cerence will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Cerence listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.10) | Earnings Share (14.12) | Revenue Per Share 8.663 | Quarterly Revenue Growth 0.144 | Return On Assets 0.0377 |
The market value of Cerence is measured differently than its book value, which is the value of Cerence that is recorded on the company's balance sheet. Investors also form their own opinion of Cerence's value that differs from its market value or its book value, called intrinsic value, which is Cerence's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Cerence's market value can be influenced by many factors that don't directly affect Cerence's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Cerence's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cerence is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cerence's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.