Cannae Holdings Inc (NYSE: CNNE)’s stock price has plunge by -1.84relation to previous closing price of 21.25. Nevertheless, the company has seen a 1.21% surge in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-03-13 that The consensus price target hints at a 27.4% upside potential for Cannae Holdings, Inc. (CNNE). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.
Is It Worth Investing in Cannae Holdings Inc (NYSE: CNNE) Right Now?
Moreover, the 36-month beta value for CNNE is 0.89. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 1 as “overweight,” 3 as “hold,” and 0 as “sell.”
The public float for CNNE is 66.31M and currently, short sellers hold a 1.96% of that float. On April 11, 2024, CNNE’s average trading volume was 794.86K shares.
CNNE’s Market Performance
The stock of Cannae Holdings Inc (CNNE) has seen a 1.21% increase in the past week, with a -5.40% drop in the past month, and a 0.43% gain in the past quarter. The volatility ratio for the week is 2.68%, and the volatility levels for the past 30 days are at 2.00% for CNNE. The simple moving average for the last 20 days is -4.54% for CNNE stock, with a simple moving average of 5.71% for the last 200 days.
Analysts’ Opinion of CNNE
Many brokerage firms have already submitted their reports for CNNE stocks, with RBC Capital Mkts repeating the rating for CNNE by listing it as a “Outperform.” The predicted price for CNNE in the upcoming period, according to RBC Capital Mkts is $42 based on the research report published on December 20, 2021 of the previous year 2021.
CNNE Trading at -2.77% from the 50-Day Moving Average
After a stumble in the market that brought CNNE to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -9.26% of loss for the given period.
Volatility was left at 2.00%, however, over the last 30 days, the volatility rate increased by 2.68%, as shares sank -5.10% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading unchanged at present.
During the last 5 trading sessions, CNNE rose by +1.21%, which changed the moving average for the period of 200-days by +6.97% in comparison to the 20-day moving average, which settled at $21.80. In addition, Cannae Holdings Inc saw 6.92% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at CNNE starting from Massey Richard N, who sale 23,050 shares at the price of $20.57 back on Apr 05 ’24. After this action, Massey Richard N now owns 404,367 shares of Cannae Holdings Inc, valued at $474,081 using the latest closing price.
Cannae Holdings, Inc., the Director of Cannae Holdings Inc, sale 10,000,000 shares at $10.09 during a trade that took place back on Mar 18 ’24, which means that Cannae Holdings, Inc. is holding 69,048,691 shares at $100,900,000 based on the most recent closing price.
Stock Fundamentals for CNNE
Current profitability levels for the company are sitting at:
- -0.11 for the present operating margin
- 0.09 for the gross margin
The net margin for Cannae Holdings Inc stands at -0.49. The total capital return value is set at -0.02. Equity return is now at value -12.17, with -10.52 for asset returns.
Based on Cannae Holdings Inc (CNNE), the company’s capital structure generated 0.05 points at debt to capital in total, while cash flow to debt ratio is standing at -0.4. The debt to equity ratio resting at 0.05. The interest coverage ratio of the stock is -3.58.
Currently, EBITDA for the company is -80.6 million with net debt to EBITDA at -0.75. When we switch over and look at the enterprise to sales, we see a ratio of 2.92. The receivables turnover for the company is 16.96for trailing twelve months and the total asset turnover is 0.21. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.65.
Conclusion
To wrap up, the performance of Cannae Holdings Inc (CNNE) has been better in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
