CRNC Forecast


Bullish Case: CRNC's technology collaboration with Foxtron and recent patent milestones show potential for future growth. Given the innovative AI advancements, there's a chance for disruptive growth in a recovering market.


Bearish Case: Negative price trajectory and high volatility, augmented by the bearish AI price forecast, insider skepticism, and substantial put activity, point to continued declines, particularly with volume shift and current market conditions.


Potential Outcomes: Key factors include successful tech adoption (45%), market rebalancing driving moderate growth (30%), structural issues leading to further declines (25%). AI and partnerships are growth drivers; fails may see steeper declines.


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June 27, 2024


Cerence Forecast

CRNC      Cerence











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Assets that tend to move strongly with CRNC



APPS Forecast + Options Trading Strategies   APPS  Digital Turbine (0.96)


NVST Forecast + Options Trading Strategies   NVST  Envista (0.96)


PERI Forecast + Options Trading Strategies   PERI  Perion Network (0.96)


HTZ Forecast + Options Trading Strategies   HTZ  Hertz Global Holdings (0.94)


LEG Forecast + Options Trading Strategies   LEG  Leggett & Platt (0.94)



Uncorrelated Assets

Assets with little price relationship to CRNC



TERN Forecast + Options Trading Strategies   TERN  Terns Pharmaceuticals (-0.0)


KOLD Forecast + Options Trading Strategies   KOLD  ProShares UltraShort Bloomberg Natural Gas (0.0)


PLNT Forecast + Options Trading Strategies   PLNT  Planet Fitness (-0.0)


COCO Forecast + Options Trading Strategies   COCO  Vita Coco (-0.01)


CORT Forecast + Options Trading Strategies   CORT  Corcept Therapeutics (0.01)



Anticorrelated Assets

Assets that tend to move strongly against CRNC



MCK Forecast + Options Trading Strategies   MCK  Mckesson (-0.91)


FRO Forecast + Options Trading Strategies   FRO  Frontline (-0.92)


LBRT Forecast + Options Trading Strategies   LBRT  Liberty Oilfield Services (-0.92)


CEG Forecast + Options Trading Strategies   CEG  Constellation Energy (-0.93)


YCS Forecast + Options Trading Strategies   YCS  ProShares UltraShort Yen (-0.93)


CRNC News over Time





Click points to explore news by date. News sentiment ranges from -10 (very negative) to +10 (very positive) where 0 is neutral.






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