Over the past three months, shares of Cerence (NASDAQ:CRNC) moved higher by 24.22%. Before having a look at the importance of debt, let us look at how much debt Cerence has.
Cerence Inc. (NASDAQ:CRNC), AI for a world in motion, and Alphavan, an innovative manufacturer of premium caravans, today announced their collaboration on a special edition of Cerence Tour
Raymond James analyst Brian Gesuale downgraded Cerence Inc (NASDAQ: CRNC) to Market Perform from Outperform after the share price dropped from the firm's initial $115 price target.
The current share price was 8.1% above the price target.
Toward the end of trading Friday, the Dow traded up 0.46% to 34,792.90 while the NASDAQ rose 0.67% to 14,619.12. The S&P also rose, gaining 0.66% to 4,348.47.
Midway through trading Friday, the Dow traded up 0.33% to 34,747.45 while the NASDAQ rose 0.50% to 14,594.85. The S&P also rose, gaining 0.47% to 4,340.12.
Following the market opening Friday, the Dow traded up 0.10% to 34,667.85 while the NASDAQ rose 0.40% to 14,580.23. The S&P also rose, gaining 0.30% to 4,332.94.