Why does CERENCE $CRNC keep going down?


Hi,

I have been looking at small AI companies via finviz fundamental screener.

I am looking at the chart of CERENCE. Cerence is a market leaders in AI and voice technology which is utilised within Automobile industry. They have been operating for more than 20+ years and their technology is currently used by some of the biggest automobiles companies such as BMW, JAGUAR, FORD, GMC ETC.

I looked at the chart, and it seems their stock value keeps going down sharply. Could anyone who is familiar with company/sector expalain why their stock value went down this much?.


Comments

Leave a Reply

Your email address will not be published. Required fields are marked *