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