Cerence Inc

NASDAQ CRNC

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Cerence Inc Price to Sales Ratio (P/S) on June 03, 2024: 0.41

Cerence Inc Price to Sales Ratio (P/S) is 0.41 on June 03, 2024, a -89.36% change year over year. The price to sales ratio compares the market price per share of a company's stock to its sales revenue per share. It is calculated by dividing the market capitalization by the revenue, divided by the number of outstanding shares. This ratio provides insights into the market's valuation of a company's sales revenue. A higher ratio suggests that investors are willing to pay a higher price for each unit of sales revenue, indicating positive market sentiment and expectations for future revenue growth.

Cerence Inc 52-week high Price to Sales Ratio (P/S) is 4.72 on June 16, 2023, which is 1,060.83% above the current Price to Sales Ratio (P/S).
Cerence Inc 52-week low Price to Sales Ratio (P/S) is 0.38 on May 24, 2024, which is -5.31% below the current Price to Sales Ratio (P/S).
Cerence Inc average Price to Sales Ratio (P/S) for the last 52 weeks is 2.56.

NASDAQ: CRNC

Cerence Inc

CEO	Dr. Stefan Ortmanns
IPO Date	Oct. 2, 2019
Location	United States
Headquarters	15 Wayside Road, Burlington, MA, United States, 01803
Employees	1,700
Sector	Technology
Industry	Software - application

Description

Cerence Inc. provides AI powered virtual assistants for the mobility/transportation market in United States, Other Americas, Germany, Europe, Middle East, Africa, Japan, and Other Asia-Pacific. The company offers edge software components, cloud-connected components, virtual assistant coexistence, and professional services. It also provides conversational artificial intelligence-based solutions, including speech recognition, natural language understanding, speech signal enhancement, text-to-speech, and acoustic modeling technology. Cerence Inc. is headquartered in Burlington, Massachusetts.

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