Cerence Stock Price on August 1, 2024
| CRNC Stock | USD 7.37 0.68 10.16% |
Below is the normalized historical share price chart for Cerence extending back to September 16, 2019. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Cerence stands at 7.37, as last reported on the 30th of November, with the highest price reaching 7.55 and the lowest price hitting 6.75 during the day.
If you're considering investing in Cerence Stock, it is important to understand the factors that can impact its price. Cerence is unstable given 3 months investment horizon. Cerence secures Sharpe Ratio (or Efficiency) of 0.14, which signifies that the company had a 0.14% return per unit of risk over the last 3 months. We were able to interpolate twenty-nine different technical indicators, which can help you to evaluate if expected returns of 2.17% are justified by taking the suggested risk. Use Cerence Downside Deviation of 5.41, risk adjusted performance of 0.1104, and Mean Deviation of 7.23 to evaluate company specific risk that cannot be diversified away.
At present, Cerence's Liabilities And Stockholders Equity is projected to decrease significantly based on the last few years of reporting. The current year's Other Stockholder Equity is expected to grow to about 1.1 B, whereas Total Stockholder Equity is forecasted to decline to about 134 M. . At present, Cerence's Price To Operating Cash Flows Ratio is projected to decrease significantly based on the last few years of reporting. The current year's Price To Book Ratio is expected to grow to 1.04, whereas Price To Sales Ratio is forecasted to decline to 0.38. Cerence Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 2nd of October 2019 | 200 Day MA 6.2236 | 50 Day MA 3.4047 | Beta 2.357 |
Cerence |
Sharpe Ratio = 0.1387
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | CRNC | |||
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 15.62 actual daily | 96 96% of assets are less volatile |
Expected Return
| 2.17 actual daily | 43 57% of assets have higher returns |
Risk-Adjusted Return
| 0.14 actual daily | 10 90% of assets perform better |
Based on monthly moving average Cerence is performing at about 10% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Cerence by adding it to a well-diversified portfolio.
Price Book 2.2355 | Enterprise Value Ebitda 11.0419 | Price Sales 0.8824 | Shares Float 40.2 M | Wall Street Target Price 7 |
Cerence Main Headline on 1st of August 2024
Disposition of 5000 shares by Thomas Beaudoin of Cerence at ... by Thomas Beaudoin
Filed transaction by Cerence Director. Disposition to the issuer of issuer equity securities pursuant to Rule 16b-3(e)
Cerence Valuation on August 1, 2024
It is possible to determine the worth of Cerence on a given historical date. On August 1, 2024 Cerence was worth 3.15 at the beginning of the trading date compared to the closed value of 2.88. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Cerence stock. Still, in general, we apply an absolute valuation method to find Cerence's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Cerence where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Cerence's related companies.
| Open | High | Low | Close | Volume | |
| 3.18 | 3.36 | 3.15 | 3.18 | 752,620 | |
08/01/2024 | 3.15 | 3.19 | 2.83 | 2.88 | 800,377 |
| 2.81 | 2.81 | 2.69 | 2.69 | 440,976 |
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Cerence Trading Date Momentum on August 1, 2024
| On August 02 2024 Cerence was traded for 2.69 at the closing time. The top price for the day was 2.81 and the lowest listed price was 2.69 . The trading volume for the day was 441 K. The trading history from August 2, 2024 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 6.60% . The overall trading delta against the current closing price is 12.85% . |
Cerence Fundamentals Correlations and Trends
By evaluating Cerence's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Cerence's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Cerence financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Cerence Stock history
Cerence investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Cerence is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Cerence will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Cerence stock prices may prove useful in developing a viable investing in Cerence
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 41.6 M | 41.8 M | |
| Net Loss | -279.7 M | -265.8 M |
Cerence Quarterly Net Working Capital |
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Cerence Stock Technical Analysis
Cerence technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Cerence Period Price Range
Low | November 30, 2024
| High |
0.00 | 0.00 |
Cerence cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Cerence November 30, 2024 Market Strength
Market strength indicators help investors to evaluate how Cerence stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Cerence shares will generate the highest return on investment. By undertsting and applying Cerence stock market strength indicators, traders can identify Cerence entry and exit signals to maximize returns
Cerence Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Cerence's price direction in advance. Along with the technical and fundamental analysis of Cerence Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Cerence to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.1104 | |||
| Jensen Alpha | 1.51 | |||
| Total Risk Alpha | (0.54) | |||
| Sortino Ratio | 0.3479 | |||
| Treynor Ratio | 0.5123 |
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| Price Transform | ||
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| Volatility Indicators | ||
| Volume Indicators |
Complementary Tools for Cerence Stock analysis
When running Cerence's price analysis, check to measure Cerence's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Cerence is operating at the current time. Most of Cerence's value examination focuses on studying past and present price action to predict the probability of Cerence's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cerence's price. Additionally, you may evaluate how the addition of Cerence to your portfolios can decrease your overall portfolio volatility.
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