At the last check on Friday, Cannae Holdings Inc.’s (NYSE:CNNE) stock was up $0.01, moving up 0.05 percent to $18.77. The average number of shares traded per day over the past five days has been 551,480 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.62 fall in that time frame. In the last twenty days, the average volume was 438,315, while in the previous 50 days, it was 409,414.
Since last month, CNNE stock retreated -11.13%. Shares of the company fell to $18.50 on 08/17/23, the lowest level in the past month. A 52-week high of $25.74 was reached on 02/02/23 after having rallying from a 52-week low of $17.35. Since the beginning of this year, CNNE’s stock price has dropped by -9.10% or -$1.88, and marked a new high 12 times. However, the stock has declined by -27.08% since its 52-week high.
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CNNE stock investors should be aware that Cannae Holdings Inc. (CNNE) stock had its last reported insider trading activity 98 days ago on May 12. Massey Richard N, the Chief Executive Officer of the company, purchased of 50,000 shares for $18.01 on May 12. It resulted in a $900,615 investment by the insider.
Valuation Metrics
The stock’s beta is 0.87. Besides these, the trailing price-to-sales (P/S) ratio of 2.17, the price-to-book (PB) ratio of 0.52.
Financial Health
In the three months ended June 29, Cannae Holdings Inc.’s quick ratio stood at 2.50, while its current ratio was 2.50, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.04, and the total debt-to-equity ratio was 0.04. On the profitability front, the trailing twelve-month gross margin is 14.10% percent. In the year ended June 29, EBITDA margin amounted to -15.10%, whereas operating margins totaled -22.30%. Based on annual data, CNNE earned $90.7 million in gross profit and brought in $662.1 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -1.90%. Return on equity (ROE) for the past 12 months was -15.70%.
In Cannae Holdings Inc.’s quarter-end financial report for June 29, it reported total debt of $98.3 million against cash and short-term investments of $53.6 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. CNNE’s revenue fell -14.2% to $154.3 million during the quarter, while net income inched up to $152.8 million. While analysts expected Cannae Holdings Inc. to report -$0.03 quarterly earnings, the actual figure was -$1.16 per share, beating the consensus estimate by -3,766.70%. During the quarter, the company generated -$10.2 million in EBITDA. The liabilities of Cannae Holdings Inc. were 413.6 million at the end of its most recent quarter ended June 29, and its total debt was $270.4 million. The value of shareholders’ equity is $73.37 million.
Technical Picture
This quick technical analysis looks at Cannae Holdings Inc.’s (CNNE) price momentum. With a historical volatility rate of 28.26%, the RSI 9-day stood at 34.09% on 17 August.
With respect to its five-day moving average, the current Cannae Holdings Inc. price is down by -3.20% percent or -$0.62. At present, CNNE shares trade -9.89% below its 20-day simple moving average and -1.98% percent below its 100-day simple moving average. However, the stock is currently trading approximately -8.39% below its SMA50 and -18.96% below its SMA200.
Stochastic coefficient K was 11.42% and Stochastic coefficient D was 21.03%, while ATR was 0.61. Given the Stochastic reading of 14.44% for the 14-day period, the RSI (14) reading has been calculated as 37.55%. As of today, the MACD Oscillator reading stands at -0.51, while the 14-day reading stands at -0.63.
Analyst Ratings
RBC Capital Mkts launched its rating on Cannae Holdings Inc. (NYSE: CNNE) to an Outperform in a note to investors on December 20, 2021. Cannae Holdings Inc. (CNNE) has been rated Buy by analysts. According to 0 brokerage firms, CNNE is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Cannae Holdings Inc. stock as buy, with 4 recommending it as overweight.
With a median target price of $31.70, the current consensus forecast for the stock is $28.00 – $39.00. Based on these forecasts, analysts predict Cannae Holdings Inc. (CNNE) will achieve an average price target of $32.60.
