Currently, Cannae Holdings Inc. [CNNE] is trading at $19.31, down -0.52%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The CNNE shares have lost -0.72% over the last week, with a monthly amount glided 9.22%, and seem to be holding up well over a long-time horizon.
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On 18, May 2023, Cannae Holdings, Inc. Provides Update on Share Repurchase Program. In a post published today on Yahoo Finance, ~ Share Repurchases Remain a Priority for Capital Deployment as Cannae Shares Trade at a 44% Discount to Liquidation Value ~.
From an analyst’s perspective:
This stock has fluctuated between a low of $17.11 and a high of $25.74 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $33.07 within the next 12 months. Cannae Holdings Inc. [NYSE: CNNE] shares were valued at $19.31 at the most recent close of the market. An investor can expect a potential return of 71.26% based on the average CNNE price forecast.
Analyzing the CNNE fundamentals
Recent quarter sales for Cannae Holdings Inc. [NYSE:CNNE] were 154.3 billion which represents -7.80% decline. During this period, the public company’s revenue per employee was $55,230, while its income per employee was -$35,711. Gross Margin for this corporation currently stands at +10.26% with Operating Margin at -21.84%, Pretax Margin comes in at -50.69%, and Net Margin reading is -64.66%. To continue investigating profitability, this company’s Return on Assets is posted at -12.16, Equity is -14.14, Total Capital is -4.43, and Invested Capital is -13.21. An extended look at the Principal structure reveals enduring liabilities to the total capital of 9.07 and enduring liabilities to assets of 8.61.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 19.16 points at the first support level, and at 19.01 for the second support level. However, for the 1st resistance point, the stock is sitting at 19.50, and for the 2nd resistance point, it is at 19.69.
Cannae Holdings Inc. [CNNE] reported earnings per share of -$0.05 for its fiscal quarter that ended on 3/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.06/share, meaning a difference of -$0.11 and a surprise factor of -183.30%. By comparison, the stated earnings for the previous quarter ended on 12/30/2022 were $0.35 per share as compared to estimates of $0.02 per share, a difference of $0.33 representing a surprise of 1,650.00%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Cannae Holdings Inc. [NYSE:CNNE] is 2.50. In addition, the Quick Ratio stands at 2.53 and the Cash Ratio stands at 2.30. Considering the valuation of this stock, the price to sales ratio is 2.54, the price to book ratio is 0.58.
Transactions by insiders
In the past 3 months, 3 insiders have purchased 231,693 shares, and 0 have sold 0 shares. Recent insider trading involved Massey Richard N, Chief Executive Officer, that happened on May 12 when 50000.0 shares were purchased. 10% Owner, Cannae Holdings, Inc. completed a deal on Aug 16 to sell 50000.0 shares. Meanwhile, Director Cannae Holdings, Inc. sold 1.36 million shares on Jul 13.