Cerenceinc Stock Price on November 22, 2021
| CRNC Stock | USD 10.74 0.52 4.62% |
Below is the normalized historical share price chart for CerenceInc 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 CerenceInc stands at 10.74, as last reported on the 18th of April 2024, with the highest price reaching 11.37 and the lowest price hitting 10.72 during the day.
If you're considering investing in CerenceInc Stock, it is important to understand the factors that can impact its price. CerenceInc secures Sharpe Ratio (or Efficiency) of -0.24, which signifies that the company had a -0.24% return per unit of risk over the last 3 months. CerenceInc exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm CerenceInc's Risk Adjusted Performance of (0.13), mean deviation of 2.62, and Standard Deviation of 3.62 to double-check the risk estimate we provide.
At present, CerenceInc's Liabilities And Stockholders Equity is projected to increase significantly based on the last few years of reporting. . At present, CerenceInc's Price Book Value Ratio is projected to increase slightly based on the last few years of reporting. The current year's Price Earnings To Growth Ratio is expected to grow to 0.17, whereas Price Earnings Ratio is projected to grow to (15.91). CerenceInc 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 19.5228 | 50 Day MA 14.8665 | Beta 2.459 |
CerenceInc |
Sharpe Ratio = -0.2374
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| Negative Returns | CRNC |
Estimated Market Risk
| 3.67 actual daily | 32 68% of assets are more volatile |
Expected Return
| -0.87 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.24 actual daily | 0 Most of other assets perform better |
Based on monthly moving average CerenceInc is not performing at its full potential. However, 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 CerenceInc by adding CerenceInc to a well-diversified portfolio.
Price Book 0.761 | Enterprise Value Ebitda 14.5118 | Price Sales 1.5946 | Shares Float 40.7 M | Wall Street Target Price 21.75 |
CerenceInc Valuation on November 22, 2021
It is possible to determine the worth of CerenceInc on a given historical date. On November 22, 2021 CerenceInc was worth 37.24 at the beginning of the trading date compared to the closed value of 37.75. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of CerenceInc stock. Still, in general, we apply an absolute valuation method to find CerenceInc'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 CerenceInc where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against CerenceInc's related companies.
| Open | High | Low | Close | Volume | |
04/04/2022 | 37.24 | 38.04 | 36.60 | 37.75 | 451,800 |
| 37.44 | 37.50 | 35.20 | 35.45 | 532,200 |
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CerenceInc Trading Date Momentum on November 22, 2021
The event impact on price volatility cannot be determined at this time. Please check this event after some time to allow current data to be analyzed.CerenceInc Fundamentals Correlations and Trends
By evaluating CerenceInc'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 CerenceInc's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. CerenceInc financial account trend analysis is a perfect complement when working with valuation or volatility modules.About CerenceInc Stock history
CerenceInc 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 CerenceInc is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in CerenceInc 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 CerenceInc stock prices may prove useful in developing a viable investing in CerenceInc
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 46.2 M | 41.3 M | |
| Net Loss | -279.7 M | -265.8 M |
CerenceInc Quarterly Net Working Capital |
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CerenceInc Stock Technical Analysis
CerenceInc 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
CerenceInc Period Price Range
Low | April 4, 2022
| High |
37.24 | 37.75 |
CerenceInc April 18, 2024 Market Strength
Market strength indicators help investors to evaluate how CerenceInc stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading CerenceInc shares will generate the highest return on investment. By undertsting and applying CerenceInc stock market strength indicators, traders can identify CerenceInc entry and exit signals to maximize returns
| Accumulation Distribution | 17102.84 | |||
| Daily Balance Of Power | 0.3542 | |||
| Rate Of Daily Change | 1.01 | |||
| Day Median Price | 37.32 | |||
| Day Typical Price | 37.46 | |||
| Price Action Indicator | 0.68 | |||
| Period Momentum Indicator | (27.01) | |||
| Relative Strength Index | 27.7 |
CerenceInc Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for CerenceInc's price direction in advance. Along with the technical and fundamental analysis of CerenceInc Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of CerenceInc 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 | (0.13) | |||
| Jensen Alpha | (0.91) | |||
| Total Risk Alpha | (1.06) | |||
| Treynor Ratio | (0.34) |
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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CerenceInc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. For information on how to trade CerenceInc Stock refer to our How to Trade CerenceInc Stock guide.You can also try the Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.
Complementary Tools for CerenceInc Stock analysis
When running CerenceInc's price analysis, check to measure CerenceInc'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 CerenceInc is operating at the current time. Most of CerenceInc's value examination focuses on studying past and present price action to predict the probability of CerenceInc's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CerenceInc's price. Additionally, you may evaluate how the addition of CerenceInc to your portfolios can decrease your overall portfolio volatility.
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Is CerenceInc's industry 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 CerenceInc. If investors know CerenceInc 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 CerenceInc 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 (0.82) | Revenue Per Share 8.617 | Quarterly Revenue Growth 0.654 | Return On Assets 0.02 |
The market value of CerenceInc is measured differently than its book value, which is the value of CerenceInc that is recorded on the company's balance sheet. Investors also form their own opinion of CerenceInc's value that differs from its market value or its book value, called intrinsic value, which is CerenceInc'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 CerenceInc's market value can be influenced by many factors that don't directly affect CerenceInc'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 CerenceInc's value and its price as these two are different measures arrived at by different means. Investors typically determine if CerenceInc is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CerenceInc'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.