Cerence is up a bit on the day, funds flowing in kept the price up 1.46% since yesterday.
The company isn't at an immediate support or resistance level that might be predictive. Cerence hasn't shown a lot of strength recently, shareholders don't seem that energized about the asset's future prospects. CRNC might find some support at the 14.1 level, buyers might push the price back up from here. But it's not very clear what will happen.
Overall, the analysts have a more negative view on Cerence but it's not a very strong negative. The current Analysts Sentiment Score is -33.44. Most companies range between (-200 to 200).
Here's a break down of the latest rating changes. Craig Hallum downgraded from Buy to Hold on 2024-02-07 and provided a price target of $22.00. Wedbush provided a price target boost of 10.53% to $21.00 from $19.00 on 2024-02-07. On 2023-11-29 The Goldman Sachs Group lowered their price target by -32.14% to $19.00. Wells Fargo & Company dropped their price target by -21.88% to $25.00 on 2023-11-28. Needham & Company LLC dropped their price target by -32.35% to $23.00 on 2023-11-28. 888 announced that they are reiterating a rating of Maintains on 2023-05-11. Robert W. Baird provided a price target boost of 30.43% to $30.00 from $23.00 on 2023-02-09.
| Company | Ratings Score
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Composite analyst sentiment score
|
Positive Ratings | Negative Ratings | Boost Price Target | Lower Price Target |
|---|---|---|---|---|---|
| CRNC | -33.44 | 0 | -42.79 | 9.48 | -33.58 |
| Company | YOY Growth Score (typical -20 to +20) | Revision Directions (-6 to +6) |
|---|---|---|
| CRNC | 0.00 | 0.00 |
We take into account several different measures of short interest to create a composite score. These measures are shown in the chart below. Short selling is when investors are betting against a stock. We compile these factors to create a dynamic Short Score - this can indicate poor sentiment, internal problems with a company or industry and the anticipation of future price declines. We look at the short interest percent, days to cover, the rate of change and total shares sold short.
| Company | Short Score (typical 1-15)
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We take into account several different measures and attributes of short interest to create a composite sentiment score. typical range (0 - 30)
|
Short Interest | Days to Cover | Rate of Change | Shares Short |
|---|---|---|---|---|---|
| CRNC | 12.62 | %12.2489 | 12.1 | 6.666 | 4940000 |
Social Sentiment is an aggregation of several different factors such as news, articles, blogs, user content, ratings, etc. Which is shown in the chart below. It may become predictive of a reversal if price and the sentiment diverge. Broader market forces may push prices up or down but if market participants maintain a different view on a specific stock, it may be taken as an opportunity to buy or sell in those cases.
| Ticker | Social Sentiment(1-10) |
|---|---|
| CRNC |
| Company | Score | 1 Day% | 5 Day | 1 Month | 3 Month | 6 Month | 1 Year | RSI | 3mo S-momo ? | 6mo S-momo | 1yr S-momo | Resistance ? | Support | Demark Sell ? | Demark Buy | Short Interest Score |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| LASR | nLIGHT, Inc. Common Stock | 0.88 | 1.67 | -2.67 | -13.23 | -16.92 | 25.43 | 24.01 | 43 | 3.78 | 8.69 | 16.09 | -4606.27 | -6402.04 | 0 | 0 | 3.36473 |
| HLNE | Hamilton Lane Incorporate | 0.82 | 1.80 | 2.95 | 3.13 | -3.92 | 40.27 | 53.72 | 21 | 11.82 | 47.06 | 74.60 | -3957.83 | 173.11 | 0 | 0 | 3.86604 |
| SPWR | SunPower Corporation Comm | 0.73 | -8.41 | -15.15 | -21.29 | -43.02 | -60.48 | -86.21 | 30 | -94.63 | -124.54 | -125.20 | -89149.02 | 0.00 | 0 | 125 | 16.6902 |
| SQ | Block, Inc. | 0.68 | 5.04 | 2.31 | -10.25 | 9.03 | 71.32 | 16.60 | 63 | 37.72 | 35.08 | 26.49 | -261.43 | -15179.34 | 0 | 0 | 2.50657 |
| AMG | Affiliated Managers Group | 0.64 | -0.10 | 1.61 | -1.29 | 6.38 | 31.46 | 12.96 | 67 | 107.93 | 21.35 | 20.99 | -3589.08 | -22761.15 | 0 | 0 | 2.37279 |
How to use: use the research links to research the asset. Then simply type in a score for each category between (01, 02, 03, 04, 05). 05 being the most bullish and 01 being the most bearish. It will automatically calculate the average and combine it with the technical score to create an overall score to rank prospects by. You can also type notes into each field.
