Cannae Holdings Inc (NYSE:CNNE) shares, rose in value on Friday, March 28, with the stock price down by -1.70% to the previous day’s close as strong demand from buyers drove the stock to $18.52.
Actively observing the price movement in the last trading, the stock closed the session at $18.84, falling within a range of $18.26 and $18.845. The value of beta (5-year monthly) was 0.863. Referring to stock’s 52-week performance, its high was $22.99, and the low was $15.99. On the whole, CNNE has fluctuated by -5.70% over the past month.
With the market capitalization of Cannae Holdings Inc currently standing at about $1.16 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Feb-23. The company’s Forward Dividend Ratio is 0.48, with its dividend yield at 2.59%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 440.7M, with a low estimate of 103.2M and a high estimate of 107.2M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 105.3M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that CNNE’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the price of CNNE currently trading nearly 4.18% and -1.53% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 52.35, while the 7-day volatility ratio is showing 4.03% which for the 30-day chart, stands at 3.82%. Furthermore, Cannae Holdings Inc (CNNE)’s beta value is 0.89, and its average true range (ATR) is 0.69.
A comparison of Cannae Holdings Inc (CNNE) with its peers suggests the former has fared considerably weaker in the market. CNNE showed an intraday change of -1.70% in last session, and over the past year, it shrunk by -16.69%%.
Data on historical trading for Cannae Holdings Inc (NYSE:CNNE) indicates that the trading volumes over the past 10 days have averaged 0.98 and over the past 3 months, they’ve averaged 538.31K. According to company’s latest data on outstanding shares, there are 62.79 million shares outstanding.
Nearly 11.47% of Cannae Holdings Inc’s shares belong to company insiders and institutional investors own 81.80% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 1.28 million shares as on 2025-03-14, resulting in a short ratio of 1.71. According to the data, the short interest in Cannae Holdings Inc (CNNE) stood at 290.00 of shares outstanding as of 2025-03-14; the number of short shares registered in 2025-02-14 reached 0.95 million. The stock has fallen by -6.75% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CNNE stock heading into the next quarter.
