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How to Buy Cerence Stock

Cerence Inc

Cerence Inc. provides AI powered virtual assistants for the mobility/transportation market worldwide.

Cerence stock last closed at $15.50, up 7.42% from the previous day, and has decreased 40.2% in one year. It has underperformed other stocks in the Software - Application industry by 0.79 percentage points. Cerence stock is currently +12.08% from its 52-week low of $13.83, and -57.87% from its 52-week high of $36.79.

As of Mar 27, 2024, there are 41.67M shares of CRNC outstanding. The market value of CRNC is $645.96M. In the past 24 hours, 314,588 CRNC shares were traded.

How to Buy Cerence Stock

Not sure how to invest in Cerence stock? Here's how.
  1. Decide where to buy Cerence stock: You need to decide on an online brokerage, but don't worry - we've tested dozens of online brokerages and apps to help you choose where to buy Cerence stock.
  2. Sign up for a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
  3. Put funds into your brokerage account: Pick your payment method and add your info.
  4. Analyze Cerence stock: The Cerence ticker symbol is CRNC. Is Cerence stock a good investment? Should you buy shares of CRNC? How do CRNC's underlying business fundamentals look? Do top analysts think Cerence is a good buy? Why has CRNC's stock price moved recently? (Hint: Our stock market analysis tools can help you decide if CRNC is a good stock to buy).
  5. Make your CRNC trade: Decide if you will purchase CRNC shares at the current market price or use a limit order to buy CRNC shares at a specific price.
  6. Track your CRNC investment: Create a watchlist to watch your new investment in Cerence stock.

Step 1: Decide where to buy Cerence stock

You need a brokerage account in order to access the NASDAQ market and buy CRNC shares.

A brokerage account enables you to buy and sell a number of investments, such as stocks, bonds, mutual funds, and ETFs.

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Step 2: Sign up for a brokerage account

Now that you've chosen the right brokerage, you'll need to fill out some personal details so you are able to invest in CRNC stock today.

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  2. Enter your personal details to open a new brokerage account.
  1. Submit your information by clicking the "Create Account" button.
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Step 3: Put funds into your brokerage account

Now that you have created your account on the best stock trading app for beginners, your next step is to transfer the money for your investment:

Check out the tutorial below to see the process of depositing funds into your investment account.

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Step 4: Analyze Cerence stock

Once you have selected the best place to buy Cerence stock, it's critical to analyze their stock prior to buying, so you actually wrap your head around the risk as well as the opportunity.

Cerence stock quick numbers

CRNC Price
$15.50
1w %
4.03%
1y %
-40.2%
5y %
N/A
P/E
-20.13x
P/B
0.88x
P/S
1.83x
PEG
N/A
Revenue
$349.15M
Earnings
-$30.24M
Fore. Rev. Growth
1.09%
Fore. Earn. Growth
N/A
Market Cap
$645.96M
Next Earnings
May 7, 2024
Next Dividend
N/A

Cerence Zen Score

WallStreetZen was created to help part-time investors perform more in-depth fundamental analysis in minutes instead of hours.

You can see all of the due diligence checks on CRNC's stock page.

Is CRNC stock overvalued?

Analysts use a variety of different financial metrics, analyses, models, and charts to gauge CRNC's intrinsic value.

Using relative valuations measures:

  • CRNC may be undervalued based on its P/B ratio of 0.88x, relative to Software - Application industry P/B ratio of 6.94x

You can do additional valuation research on CRNC's stock here.

How do CRNC Financials look?

Passed Health Checks:

  • CRNC profit margin has gone up from -104.7% to -8.7% in the past year.
  • There are more short-term assets than short-term liabilities on the CRNC balance sheet.

Failed Health Checks:

  • CRNC earnings of $37.21M is not sufficient to cover its interest payments.
  • CRNC has a relatively high debt to equity ratio of 0.73.
  • CRNC's operating cash flow of $6.80M allows it to safely service it's debt of $291.16M.
  • There are more long-term liabilities than short-term assets on the CRNC balance sheet.

Is Cerence stock a Buy, Hold, or Sell, according to analysts?

Out of 5 Equities analysts who give recommendations on CRNC, the consensus analyst rating on Cerence is a Buy

Please note that analyst ratings are not recommendations, nor are they financial advice.

You can dive deeper into what analysts are forecasting on the Cerence stock forecast page.

Metrics for Advanced CRNC Traders

SMA10
14.72
SMA20
14.65
SMA50
16.49
SMA100
17.16
SMA200
20.64
MACD
-0.32
MACD Signal
-0.5
MACD Histogram
0.18
RSI
53.85
Stochastic %K
54.62
Stochastic %D
48.02
StochRSI %K
74.56
StochRSI %D
73.6

CRNC Earnings

Last year, CRNC revenue was $349.15M. In the past four year, CRNC's revenue has gone up by 3.16% per year. This was slower than the Software - Application industry average of 27.46%.

Learn more about CRNC's earnings and revenue performance here.

Who is buying/selling CRNC?

Over the past 12 months, executives and large shareholders at CRNC have bought more shares than they have sold.

Stefan Ortmanns, Chief Executive Officer of CRNC, was the latest CRNC insider to sell. They sold $228,049.59 worth of CRNC shares on Mar 22, 2024.

Get more info about who owns CRNC shares here.

Does CRNC stock generate passive income?

No, Cerence doesn't provide an income stream by paying out dividends.

What do other traders have to say about CRNC?

One of the primary reasons eToro is our top-rated brokerage is because of its social trading community.

Click below to see what other traders have to say.

Step 5: Make your CRNC trade

There are two main order types:

  • Market order: A market order is an order to buy or sell a security at the best possible price.
    Market orders are mostly fine.
  • Limit order: A limit order enables you to buy or sell a stock at a specific price (or better).
    If you want to be certain you're buying or selling at a specific dollar amount limit, use a limit order.

Click the Open button and your broker will execute your order.

If you need additional help with buying stocks on eToro, watch the how to video below:

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Step 6: Track your CRNC investment

Now that you own some CRNC shares, you'll want to keep up with your new investment.

Add CRNC to a watchlist to monitor your CRNC stock.

CRNC Feed

How to Buy Stock in Cerence

To reiterate, here are the 6 steps you need to take to buy Cerence stock right now:

  1. Decide where to buy Cerence stock
  2. Sign up for a brokerage account
  3. Put funds into your brokerage account
  4. Analyze Cerence stock
  5. Make your CRNC trade
  6. Track your CRNC investment

If you are looking for a brokerage account, eToro is our favorite venue.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you want to get the latest scoop on your new investment in Cerence, hit the button below to create your watchlist.

NASDAQ: CRNC
$15.50+1.07 (+7.42%)
Updated Mar 27, 2024
Open eToro Account
NASDAQ: CRNC
$15.50+1.07 (+7.42%)
Updated Mar 27, 2024
Open eToro Account

FAQ

How much does it cost to buy one Cerence share?

As of Mar 27, 2024, it costs $15.50 to buy one share of Cerence stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $7, you can buy 0.452 shares of CRNC.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Cerence stock?

According to 5 Wall Street analysts who monitor Cerence, their consensus recommendation is to buy Cerence stock.

What is the best way to buy Cerence stock?

One way to place an order for Cerence stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.