Ramiro Ferrando
$CRNC (Cerence Inc.) is one of my favorite positions in terms of stock price growth. And I will increase my position here today. To provide some context, this is a company that develops AI driving software for the automotive industry. Among their main customers are Volkswagen, Toyota, Audi, BMW, Mercedes-Benz, Renault, Faraday Future, VinFast. Now, let's get to the chart. 1. It reached a high of almost 240 at its peak, back in 2021. The stock price is currently 25.87. Price needs to 9x to get to that point again. 2. Its 52-week low was 13.36 (back in Oct 22) and it has almost doubled since then. 3. It is currently on a short-term uptrend since its low. 4. The next major resistance is at the 46.36 level, which represents an upside of more than 80% from here. 5. The last reports were all a positive surprise. 6. The price-to-sales ratio is 3.18, which is quite reasonable for this type of stock.
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