After Hours
The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Most recently, Yahoo Finance reported about the stock as it publicized that Cannae Holdings, Inc. Announces Fourth Quarter and Full Year 2023 Financial Results.
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Stocks Info
The company is listed on the NYSE and operates within the Restaurants industry segment. At the end of the last regular session, the stock closed at $21.84 and fluctuated between $22.37 as its day high and $21.58 as its day low. The current market capitalization of Cannae Holdings Inc is $1.54B. A total of 1.27 million shares were traded on the day, compared to an average of 544.08K shares.
Insider Activity
Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, CNNE has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 6 BUYs and 2 SELLs from insiders. Insiders purchased 349,246 shares during that period but sold 5,399.
In the most recent transaction, Massey Richard N bought 50,000 shares of CNNE for 18.66 per share on Sep 26. After the transaction, the Chief Executive Officer now owns 427,417 company shares. In a previous transaction on Sep 06, Cannae Holdings, Inc. sold 110,000 shares at 1.85 per share. CNNE shares that 10% Owner owns now total 27,012,794.
Among the insiders who bought shares, Massey Richard N acquired of 50,000 shares on May 12 at a per-share price of $18.01. This resulted in the Chief Executive Officer holding 377,417 shares of CNNE after the transaction.
It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for CNNE in the last 3 months, the mean price target is $27.33 with high estimates of $31.00 and low estimates of $25.00. In terms of 52-week highs and lows, CNNE has a high of $23.80 and a low of $15.93.
As of this writing, CNNE has an earnings estimate of -$0.18 per share for the current quarter. EPS was calculated based on a consensus of 3 estimates, with a high estimate of -$0.09 per share and a lower estimate of -$0.33. The company reported an EPS of -$2.18 in the last quarter, which was -560.60% lower than expectations of -$0.33.
Balance Sheet Annually/Quarterly
An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information.
Analysts Opinion
There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CNNE is Buy with a score of 4.67.
