Cannae Holdings Inc [CNNE] stock prices are up 7.39% to $18.74 at the moment. 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 gain 14.76% over the last week, with a monthly amount drifted -3.90%, and not seem to be holding up well over a long-time horizon.
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.
The stock price of Cannae Holdings Inc [CNNE] has been fluctuating between $15.99 and $22.99 over the past year. Currently, Wall Street analysts expect the stock to reach $22 within the next 12 months. Cannae Holdings Inc [NYSE: CNNE] shares were valued at $18.74 at the most recent close of the market. An investor can expect a potential return of 17.4% based on the average CNNE price forecast.
Analyzing the CNNE fundamentals
The Cannae Holdings Inc [NYSE:CNNE] reported sales of 452.50M for trailing twelve months, representing a drop of -7.88%. Gross Profit Margin for this corporation currently stands at 0.05% with Operating Profit Margin at -0.23%, Pretax Profit Margin comes in at -0.58%, and Net Profit Margin reading is -0.67%. To continue investigating profitability, this company’s Return on Assets is posted at -0.14, Equity is -0.15 and Total Capital is -0.05. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.18.
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 17.56 points at the first support level, and at 16.39 for the second support level. However, for the 1st resistance point, the stock is sitting at 19.44, and for the 2nd resistance point, it is at 20.15.
Ratios To Look Out For
It’s worth pointing out that Cannae Holdings Inc [NYSE:CNNE]’s Current Ratio is 1.34. In addition, the Quick Ratio stands at 1.34 and the Cash Ratio stands at 0.9. Considering the valuation of this stock, the price to sales ratio is 2.60, the price to book ratio is 0.64.
Transactions by insiders
Recent insider trading involved Massey Richard N, Affiliate, that happened on Jul 26 ’24 when 8799.0 shares were purchased. Director, Massey Richard N completed a deal on May 24 ’24 to sell 25752.0 shares. Meanwhile, Chief Executive Officer Massey Richard N sold 30000.0 shares on Apr 17 ’24.
