Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
Cannae Holdings Inc (NYSE: CNNE) closed the day trading at $18.75 up 0.05% from the previous closing price of $18.74. In other words, the price has increased by $0.05 from its previous closing price. On the day, 1.41 million shares were traded. CNNE stock price reached its highest trading level at $19.345 during the session, while it also had its lowest trading level at $18.51.
Ratios:
For a better understanding of CNNE, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.34 and its Current Ratio is at 1.34. In the meantime, Its Debt-to-Equity ratio is 0.18 whereas as Long-Term Debt/Eq ratio is at 0.14.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, RBC Capital Mkts on December 20, 2021, initiated with a Outperform rating and assigned the stock a target price of $42.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Jul 26 ’24 when Massey Richard N bought 8,799 shares for $19.92 per share.
Massey Richard N sold 25,752 shares of CNNE for $499,074 on May 24 ’24. The Director now owns 248,615 shares after completing the transaction at $19.38 per share. On Apr 17 ’24, another insider, Massey Richard N, who serves as the Chief Executive Officer of the company, sold 30,000 shares for $19.63 each. As a result, the insider received 588,900 and left with 274,367 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CNNE now has a Market Capitalization of 1177394944 and an Enterprise Value of 1348994176. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.60 while its Price-to-Book (P/B) ratio in mrq is 0.64. Its current Enterprise Value per Revenue stands at 2.981 whereas that against EBITDA is -17.076.
Stock Price History:
The Beta on a monthly basis for CNNE is 0.89, which has changed by -0.15654522 over the last 52 weeks, in comparison to a change of 0.10838497 over the same period for the S&P500. Over the past 52 weeks, CNNE has reached a high of $22.99, while it has fallen to a 52-week low of $15.99. The 50-Day Moving Average of the stock is -0.27%, while the 200-Day Moving Average is calculated to be -2.61%.
Shares Statistics:
Over the past 3-months, CNNE traded about 486.12K shares per day on average, while over the past 10 days, CNNE traded about 984060 shares per day. A total of 62.79M shares are outstanding, with a floating share count of 55.59M. Insiders hold about 11.47% of the company’s shares, while institutions hold 81.80% stake in the company. Shares short for CNNE as of 1740700800 were 1094189 with a Short Ratio of 2.25, compared to 1738281600 on 822476. Therefore, it implies a Short% of Shares Outstanding of 1094189 and a Short% of Float of 2.48.
Dividends & Splits
CNNE’s forward annual dividend rate is 0.48, up from 0.36 a year ago. Against a Trailing Annual Dividend Yield of 0.019210247
