In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
In the latest session, Cannae Holdings Inc (NYSE: CNNE) closed at $18.15 down -4.07% from its previous closing price of $18.92. In other words, the price has decreased by -$4.07 from its previous closing price. On the day, 0.63 million shares were traded.
Ratios:
For a deeper understanding of Cannae Holdings Inc’s stock, let’s take a closer look at its various 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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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:
For the stock, the TTM Price-to-Sale (P/S) ratio is 2.52 while its Price-to-Book (P/B) ratio in mrq is 0.62.
Stock Price History:
Over the past 52 weeks, CNNE has reached a high of $22.99, while it has fallen to a 52-week low of $16.94. The 50-Day Moving Average of the stock is -6.69%, while the 200-Day Moving Average is calculated to be -6.32%.
Shares Statistics:
A total of 62.79M shares are outstanding, with a floating share count of 55.58M. Insiders hold about 11.26% of the company’s shares, while institutions hold 81.86% stake in the company.
