Cerence Stock Price Down 1.6 percent Heres Why
| CRNC Stock | USD 12.58 0.29 2.25% |
About 51% of Cerence's shareholders are presently thinking to get in. The analysis of the overall prospects from investing in Cerence suggests that some traders are, at the present time, interested. The current market sentiment, together with Cerence's historical and current headlines, can help investors time the market. In addition, many technical investors use Cerence stock news signals to limit their universe of possible portfolio assets.
Cerence |
Cerence Inc. s share price was down 1.6 percent during mid-day trading on Friday . The stock traded as low as 7.56 and last traded at 7.58. Approximately 1,390,236 shares traded hands during trading, an increase of 1,730 percent from the average daily volume of 75,989 shares. The stock had previously closed at
Read at thelincolnianonline.com
 |
Cerence Fundamental Analysis
We analyze Cerence's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Cerence using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Cerence based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Current Liabilities
Current Liabilities Comparative Analysis
Cerence is currently under evaluation in current liabilities category among its peers. Current Liabilities is the company's short term debt. This usually includes obligations that are due within the next 12 months or within one fiscal year. Current liabilities are very important in analyzing a company's financial health as it requires the company to convert some of its current assets into cash.
Cerence Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Cerence stock to make a market-neutral strategy. Peer analysis of Cerence could also be used in its relative valuation, which is a method of valuing Cerence by comparing valuation metrics with similar companies.
Peers
Cerence Related Equities
| ADEA | ADEIA P | 1.25 | ||||
| NCNO | NCino | 1.06 | ||||
| BLKB | Blackbaud | 0.87 | ||||
| ALKT | Alkami Technology | 0.85 | ||||
| EB | Eventbrite | 0.57 | ||||
| DT | Dynatrace Holdings | 0.47 | ||||
| DV | DoubleVerify Holdings | 0.41 | ||||
| SMAR | Smartsheet | 0.28 | ||||
| BRZE | Braze | 0.05 | ||||
| PYCR | Paycor HCM | 0.05 | ||||
| ALRM | Alarm Holdings | 0.03 | ||||
| APPF | Appfolio | 0.14 | ||||
| PCTY | Paylocity Holdng | 1.15 | ||||
| BSY | Bentley Systems | 1.17 | ||||
| WK | Workiva | 1.47 | ||||
| GTLB | Gitlab | 1.84 | ||||
| PD | Pagerduty | 1.93 |
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.
| Portfolio Analyzer Portfolio analysis module that provides access to portfolio diagnostics and optimization engine | |
| Portfolio File Import Quickly import all of your third-party portfolios from your local drive in csv format | |
| ETFs Find actively traded Exchange Traded Funds (ETF) from around the world | |
| Competition Analyzer Analyze and compare many basic indicators for a group of related or unrelated entities | |
| Analyst Advice Analyst recommendations and target price estimates broken down by several categories | |
| Share Portfolio Track or share privately all of your investments from the convenience of any device | |
| Investing Opportunities Build portfolios using our predefined set of ideas and optimize them against your investing preferences | |
| Positions Ratings Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators |