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Is Cerence Inc (CRNC) Stock About to Get Hot Thursday?

Thursday, April 22, 2021 02:37 PM | InvestorsObserver Analysts
Is Cerence Inc (CRNC) Stock About to Get Hot Thursday?

Cerence Inc (CRNC) stock is lower by 4.64% over the past week and gets a Bearish rating from InvestorsObserver's Sentiment Indicator.

Sentiment Score - ,bearish
Cerence Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on CRNC!

What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.

Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor.

InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon.

The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With CRNC Stock Today?

Cerence Inc (CRNC) stock is higher by 2.81% while the S&P 500 has fallen -0.88% as of 2:33 PM on Thursday, Apr 22. CRNC has risen $2.56 from the previous closing price of $91.24 on volume of 329,876 shares. Over the past year the S&P 500 is up 51.16% while CRNC has risen 392.39%. CRNC earned $0.25 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 380.25.

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More About Cerence Inc

Cerence Inc is a United States-based software company. It is involved in developing mobility-based solutions for drivers and their cars. The customers include all major automobile original equipment manufacturers, or OEMs, or their tier 1 suppliers. The company's revenue is generated by selling software licenses and cloud-connected services. Geographically, it derives a majority of revenue from the United States and also has a presence in Other Americas; Germany; Other Europe, Middle East and Africa; Japan and Other Asia-Pacific.

Click Here to get the full Stock Score Report on Cerence Inc (CRNC) Stock.

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