Are Smart Investors Making the Right Decision? Cannae Holdings Inc (CNNE)

With 0.65 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.48 million shares. The 52-week range on CNNE shows that it touched its highest point at $25.48 and its lowest point at $15.93 during that stretch. It currently has a 1-year price target of $27.00. Beta for the stock currently stands at 0.88.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of CNNE was down-trending over the past week, with a drop of -0.29%, but this was up by 0.67% over a month. Three-month performance surged to 17.47% while six-month performance rose 5.66%. The stock lost -16.06% in the past year, while it has gained 7.18% so far this year. A look at the trailing 12-month EPS for CNNE yields -3.04 with Next year EPS estimates of -0.79. For the next quarter, that number is -0.55. This implies an EPS growth rate of 36.13% for this year and 76.34% for next year.

Float and Shares Shorts:

At present, 76.25 million CNNE shares are outstanding with a float of 64.92 million shares on hand for trading. On Jan 11, 2024, short shares totaled 1.38 million, which was 1.95% higher than short shares on Dec 14, 2023. In addition to CLNE as the firm’s Clean Energy Fuels Corp., CNNE serves as its Cannae Holdings, Inc..

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CNNE since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With CNNE analysts setting a high price target of $30.00 and a low target of $25.00, the average target price over the next 12 months is $27.00. Based on these targets, CNNE could surge 43.47% to reach the target high and rise by 19.56% to reach the target low. Reaching the average price target will result in a growth of 29.12% from current levels.

Summary of Insider Activity:

Insiders traded CNNE stock several times over the past three months with 0 Buys and 1 Sells. In these transactions, 0 shares were bought while 1,574 shares were sold. The number of buy transactions has increased to 6 while that of sell transactions has risen to 3 over the past year. The total number of shares bought during that period was 349,246 while 8,198 shares were sold.