CNNE Stock Summary and Trading Ideas (Cannae Holdings | NYSE:CNNE)

Cannae Holdings Inc is a holding company that manages and operates a group of companies and investments. The company's reportable segments are Restaurant Group, Dun & Bradstreet, Alight, BKFE, Corporate and Other Affiliate Elimination. Majority of the company's revenue is generated from its Restaurant Group segment which represents the operations of O'Charley's and Ninety Nine Restaurants.

Cannae Holdings trades on the NYSE stock market under the symbol CNNE.

As of April 15, 2024, CNNE stock price declined to $19.99 with 690,457 million shares trading.

CNNE has a beta of 1.23, meaning it tends to be more sensitive to market movements. CNNE has a correlation of 0.35 to the broad based SPY ETF.

CNNE has a market cap of $1.44 billion. This is considered a Small Cap stock.

Last quarter Cannae Holdings reported $119 million in Revenue and -$.83 earnings per share. This fell short of revenue expectation by $-19 million and missed earnings estimates by -$.28.

In the last 3 years, CNNE stock traded as high as $42.35 and as low as $15.93.

The top ETF exchange traded funds that CNNE belongs to (by Net Assets): VTI, VB, IWM, VBR, VXF.

CNNE has underperformed the market in the last year with a price return of +8.3% while the SPY ETF gained +25.3%. CNNE has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -1.4% and -10.1%, respectively, while the SPY returned +6.2% and -3.6%, respectively.

CNNE support price is $19.98 and resistance is $20.70 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CNNE stock will trade within this expected range on the day.