Cannae Holdings Inc (NYSE:CNNE) price on Friday, February 28, rose 2.04% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $20.04.
A look at the stock’s price movement, the close in the last trading session was $19.64. Turning to its 52-week performance, $22.99 and $16.94 were the 52-week high and 52-week low respectively. Overall, CNNE moved 4.00% over the past month.
Cannae Holdings Inc’s market cap currently stands at around $1.26 billion, with investors looking forward to this quarter’s earnings report slated for in April. The company has a Forward Dividend ratio of 0.36, with its dividend yield at 1.80%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 105.3M for the company’s revenue for the quarter, with a low and high estimate of 103.2M and 107.2M respectively. The average forecast suggests down to a -4.88% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 440.7M, representing a -2.61% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that CNNE is a 50% Buy. On the other hand, the stock is on average a Hold as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
1 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 0 recommend CNNE as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Hold which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
CNNE’s current price about 2.30% and 2.49% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 57.87, while 7-day volatility ratio is 3.20% and 2.41% in the 30-day chart. Further, Cannae Holdings Inc (CNNE) has a beta value of 0.86, and an average true range (ATR) of 0.50.
If we refocus on Cannae Holdings Inc (NYSE:CNNE), historical trading data shows that trading volumes averaged 324.00K over the past 3 months. The company’s latest data on shares outstanding shows there are 62.74 million shares.
The 10.98% of Cannae Holdings Inc’s shares are in the hands of company insiders while institutional holders own 81.92% of the company’s shares. Current price change has pushed the stock 0.91% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the CNNE stock continues to rise going into the next quarter.
