Cerence (OTCMKTS:CRNCV) Shares Down 3% – What’s Next?

Cerence Inc. (OTCMKTS:CRNCV) shares were down 3% during mid-day trading on Tuesday . The company traded as low as $11.74 and last traded at $11.74. Approximately 601,864 shares traded hands during trading, an increase of 692% from the average daily volume of 75,989 shares. The stock had previously closed at $12.10.

Cerence Price Performance

The business’s fifty day moving average price is $10.95 and its 200 day moving average price is $10.71.

Cerence Inc, headquartered in Burlington, Massachusetts, is a leading provider of AI-powered voice and mobility solutions for the automotive industry. Established in October 2019 as a spin-off from Nuance Communications, the company leverages advanced speech recognition, natural language understanding, and conversational AI technologies to deliver in-car virtual assistants and connected services.

Cerence’s product suite includes voice assistants, text-to-speech engines, acoustic modeling, and predictive analytics that enable drivers to control navigation, entertainment, climate settings, and other vehicle functions through natural speech.