kicked off on Tuesday, with Cannae Holdings Inc (NYSE: CNNE) stock price up 0.93% from the previous day of trading, before settling in for the closing price of $18.25. CNNE’s price has ranged from $15.93 to $22.99 over the past 52 weeks.
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Over the past five-year period, the drop rate of yearbook sales for the company of the Consumer Cyclical sector was -10.00%. Meanwhile, its annual earnings per share averaged 13.88%. With a float of $55.89 million, this company’s outstanding shares have now reached $70.37 million.
Considering the fact that the conglomerate employs 7741 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 13.02%, operating margin of -28.52%, and the pretax margin is -79.52%.
Cannae Holdings Inc (CNNE) Breakdown of a Key Holders of the stock
As we move forward, let’s examine how large-scale investors are investing in this stock of the Restaurants Industry. The insider ownership of Cannae Holdings Inc is 10.92%, while institutional ownership is 81.63%. The most recent insider transaction that took place on Jul 26 ’24, was worth 175,252. Before that another transaction happened on May 24 ’24, when Company’s Director sold 25,752 for $19.38, making the entire transaction worth $499,074. This insider now owns 248,615 shares in total.
Cannae Holdings Inc (CNNE) Recent Fiscal highlights
In its latest quarterly report, released on 6/30/2024, the company reported earnings of -2.18 per share, which was $0.1 lower than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.23 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 13.88% per share during the next fiscal year.
Cannae Holdings Inc (NYSE: CNNE) Trading Performance Indicators
Here are Cannae Holdings Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.01. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.35.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -6.78, a number that is poised to hit -0.22 in the next quarter and is forecasted to reach -0.73 in one year’s time.
Technical Analysis of Cannae Holdings Inc (CNNE)
Compared to the last year’s volume of 0.55 million, its volume of 0.36 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 23.59%. Additionally, its Average True Range was 0.44.
During the past 100 days, Cannae Holdings Inc’s (CNNE) raw stochastic average was set at 33.71%, which indicates a significant increase from 12.41% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 18.82% in the past 14 days, which was lower than the 27.81% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $19.27, while its 200-day Moving Average is $19.86. Nevertheless, the first resistance level for the watch stands at $18.58 in the near term. At $18.73, the stock is likely to face the second major resistance level. The third major resistance level sits at $18.88. If the price goes on to break the first support level at $18.28, it is likely to go to the next support level at $18.13. Now, if the price goes above the second support level, the third support stands at $17.98.
Cannae Holdings Inc (NYSE: CNNE) Key Stats
With a market capitalization of 1.16 billion, the company has a total of 62,772K Shares Outstanding. Currently, annual sales are 570,000 K while annual income is -313,400 K. The company’s previous quarter sales were 118,000 K while its latest quarter income was -155,000 K.
