The stock price of Cannae Holdings Inc (NYSE: CNNE) has plunged by -1.76 when compared to previous closing price of 19.28, but the company has seen a -4.63% decline in its stock price over the last five trading sessions. reuters.com reported 2024-12-18 that Cannae Holdings plans to hold talks about participating in a deal to acquire Rapid7 and will stop working with the activist investor that has been urging the cybersecurity company to put itself up for sale, according to a regulatory filing.
Is It Worth Investing in Cannae Holdings Inc (NYSE: CNNE) Right Now?
CNNE has 36-month beta value of 0.87. Analysts have mixed views on the stock, with 2 analysts rating it as a “buy,” 1 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for CNNE is 55.85M, and currently, short sellers hold a 1.50% ratio of that float. The average trading volume of CNNE on January 09, 2025 was 348.95K shares.
CNNE’s Market Performance
CNNE’s stock has seen a -4.63% decrease for the week, with a -8.94% drop in the past month and a 2.82% gain in the past quarter. The volatility ratio for the week is 2.46%, and the volatility levels for the past 30 days are at 2.18% for Cannae Holdings Inc The simple moving average for the last 20 days is -5.31% for CNNE stock, with a simple moving average of -3.41% 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 -7.30% 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 -17.62% of loss for the given period.
Volatility was left at 2.18%, however, over the last 30 days, the volatility rate increased by 2.46%, as shares sank -8.72% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.32% lower at present.
During the last 5 trading sessions, CNNE fell by -4.63%, which changed the moving average for the period of 200-days by -14.99% in comparison to the 20-day moving average, which settled at $20.00. In addition, Cannae Holdings Inc saw -4.63% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at CNNE starting from Massey Richard N, who proposed sale 8,799 shares at the price of $19.92 back on Jul 26 ’24. After this action, Massey Richard N now owns shares of Cannae Holdings Inc, valued at $175,252 using the latest closing price.
Massey Richard N, the Director of Cannae Holdings Inc, sale 25,752 shares at $19.38 during a trade that took place back on May 24 ’24, which means that Massey Richard N is holding 248,615 shares at $499,074 based on the most recent closing price.
Stock Fundamentals for CNNE
Current profitability levels for the company are sitting at:
- -0.23 for the present operating margin
- 0.09 for the gross margin
The net margin for Cannae Holdings Inc stands at -0.69. The total capital return value is set at -0.05. Equity return is now at value -14.83, with -12.54 for asset returns.
Based on Cannae Holdings Inc (CNNE), the company’s capital structure generated 0.09 points at debt to capital in total, while cash flow to debt ratio is standing at -0.39. The debt to equity ratio resting at 0.1. The interest coverage ratio of the stock is -9.5.
Currently, EBITDA for the company is -150.9 million with net debt to EBITDA at -1.04. When we switch over and look at the enterprise to sales, we see a ratio of 2.94. The receivables turnover for the company is 18.11for trailing twelve months and the total asset turnover is 0.2. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.55.
Conclusion
To put it simply, Cannae Holdings Inc (CNNE) has had a bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. 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.
