At the time of writing, Cannae Holdings Inc [CNNE] stock is trading at $20.86, down -1.84%. An important factor to consider is whether the stock is rising or falling in short-term value. The CNNE shares have gain 1.21% over the last week, with a monthly amount drifted -5.40%, and not seem to be holding up well over a long-time horizon.
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On 4, April 2024, Cannae Holdings, Inc. Announces Final Results of Modified Dutch Auction Tender Offer. In a post published today on Yahoo Finance, Cannae Holdings, Inc. (NYSE: CNNE) (“Cannae” or the “Company”) today announced the final results of its modified “Dutch auction” tender offer (the “Offer”) to purchase up to $200 million in aggregate purchase price of its outstanding shares of common stock, par value $0.0001 per share (each, a “Share”), at a single per-Share price not greater than $23.75 nor less than $20.75 per Share. The Offer expired at 12:00 midnight, New York City time, at the end of the day on April 1, 2024.
From an analyst’s perspective:
Cannae Holdings Inc [NYSE: CNNE] stock has seen the most recent analyst activity on December 20, 2021, when RBC Capital Mkts initiated its Outperform rating and assigned the stock a price target of $42. On November 09, 2018, upgrade upgraded it’s rating to Overweight.
For the past year, the stock price of Cannae Holdings Inc fluctuated between $15.93 and $22.99. Cannae Holdings Inc [NYSE: CNNE] shares were valued at $20.86 at the most recent close of the market.
Analyzing the CNNE fundamentals
According to Cannae Holdings Inc [NYSE:CNNE], the company’s sales were 570.00M for trailing twelve months, which represents an -23.38% plunge. Gross Profit Margin for this corporation currently stands at 0.09% with Operating Profit Margin at -0.11%, Pretax Profit Margin comes in at -0.36%, and Net Profit Margin reading is -0.49%. To continue investigating profitability, this company’s Return on Assets is posted at -0.1, Equity is -0.11 and Total Capital is -0.02. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.05.
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 20.46 points at the first support level, and at 20.06 for the second support level. However, for the 1st resistance point, the stock is sitting at 21.11, and for the 2nd resistance point, it is at 21.36.
Cannae Holdings Inc [CNNE] reported earnings per share of -$0.83 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.55/share, meaning a difference of -$0.28 and a surprise factor of -50.90%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were -$2.18 per share as compared to estimates of -$0.33 per share, a difference of -$1.85 representing a surprise of -560.60%.
Ratios To Look Out For
It is important to note that Cannae Holdings Inc [NYSE:CNNE] has a current ratio of 1.65. On the other hand, the Quick Ratio is 1.65, and the Cash Ratio is 0.99. Considering the valuation of this stock, the price to sales ratio is 2.65, the price to book ratio is 0.63.
Transactions by insiders
Recent insider trading involved Massey Richard N, Chief Executive Officer, that happened on Apr 05 ’24 when 23050.0 shares were sold. Director, Cannae Holdings, Inc. completed a deal on Mar 18 ’24 to sell 10.0 million shares. Meanwhile, Chief Executive Officer Massey Richard N bought 50000.0 shares on Sep 26 ’23.
