Overall market sentiment has been down on Cerence Inc (CRNC) stock lately. CRNC receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator.
Cerence Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on CRNC!
Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score.
As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend.
Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive.
InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend.
Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .
What's Happening With CRNC Stock Today?
Cerence Inc (CRNC) stock is trading at $21.87 as of 3:00 PM on Wednesday, Aug 17, a drop of -$0.28, or -1.26% from the previous closing price of $22.15. The stock has traded between $20.94 and $22.08 so far today. Volume today is 537,011 compared to average volume of 479,152.
To see InvestorsObserver's Sentiment Score for Cerence Inc click here.
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 Report for Cerence Inc stock.
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