How to Buy Cannae Holdings Stock
Cannae Holdings Inc
Cannae Holdings is a restaurant company located in Nevada, United States, which is part of the Consumer Cyclical sector, and is traded under the ticker CNNE on the NYSE exchange.
Cannae Holdings stock last closed at $20.18, up 3.43% from the previous day, and has decreased 15.64% in one year. It has underperformed other stocks in the Restaurants industry by 0.2 percentage points. Cannae Holdings stock is currently +17.91% from its 52-week low of $17.12, and -21.6% from its 52-week high of $25.74.
At the moment, there are 76.26M shares of CNNE outstanding. The market value of CNNE is $1.54B. In the last 24 hours, 549,884 CNNE shares were traded.
How to Buy Cannae Holdings Stock
Wondering how to invest in Cannae Holdings stock? Here's how.
- Figure out where to buy Cannae Holdings stock: You need to pick an online brokerage, but don't worry - we've sifted through dozens of online stock brokerages and apps to help you decide where to buy Cannae Holdings stock.
- Open a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
- Fund your investment account: Choose your method of payment and add your details.
- Research Cannae Holdings stock: The Cannae Holdings ticker symbol is CNNE. Is Cannae Holdings stock a good investment? Should you buy shares of CNNE? How do CNNE's underlying business fundamentals look? Do top analysts think Cannae Holdings is a good buy? Why has CNNE's stock price moved recently? (Hint: Our stock market analysis tools can help you figure out if CNNE is a good stock to buy).
- Make your CNNE purchase: Decide if you will purchase CNNE shares at the current market price or use a limit order to purchase CNNE shares at a given price.
- Get notifications regarding your CNNE investment: Create a watchlist to keep tabs on your investment in Cannae Holdings shares.
Step 1: Figure out where to buy Cannae Holdings stock
You will need a brokerage account to access the NYSE market and buy CNNE shares.
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Open eToro AccountStep 2: Open a brokerage account
Now that you've selected the best brokerage, the next step is to fill out some personal details so you can buy CNNE stock today.
How to Open a New Account on eToro
- Click here to get started.
- Provide your personal info to start a new brokerage account.
- Submit your information by pressing the "Create Account" button.
Step 3: Fund your investment account
Now that you've finished signing up on the best investment app, your next step is to transfer the money for your investment:
Check out the walkthrough below for more details depositing money into your new investment account.
Step 4: Research Cannae Holdings stock
After you have identified the best place to buy Cannae Holdings stock, it's crucial to evaluate their stock prior to investing, so you truly wrap your head around the risk as well as the opportunity.
Cannae Holdings shares data
Cannae Holdings Due Diligence Checks
WallStreetZen was designed to help part-time investors do more accurate fundamental analysis in minutes instead of hours.
You can see all of the due diligence checks on CNNE's stock page.
Is CNNE stock properly valued?
You can use a variety of different financial metrics, analyses, models, and charts to gauge CNNE's intrinsic value.
Using relative valuations methods:
- CNNE could be undervalued based on its P/B ratio of 0.57x, relative to Restaurants industry P/B ratio of -263.37x
You can do additional valuation research on CNNE's stock here.
A quick look at CNNE Financials
Passed Financial Due Diligence Checks:
- CNNE has a low debt to equity ratio of 0.15.
- There are more short-term assets than long-term liabilities on the CNNE balance sheet.
- There are more short-term assets than short-term liabilities on the CNNE balance sheet.
- Total CNNE debt is lower than 5 years ago, relative to shareholder equity.
Failed Financial Due Diligence Checks:
- CNNE has $282.60M in cash and short term investments. This is not enough to cover its annual cash burn of $456.70M.
- CNNE profit margin has gone down from -38.7% to -64.7% in the past year.
- CNNE has cash burn of 456700000. It does not have sufficient cash and short-term investments to cover this.
Is CNNE stock a Buy, Hold, or Sell, according to analysts?
Out of 1 sell side analysts who track CNNE, the consensus analyst rating on CNNE is a Buy
It's important to note that analyst forecasts are not recommendations, nor are they financial advice.
Most Recent CNNE Analyst Recommendations
Kenneth Lee, a bottom 6% analyst from RBC Capital maintains CNNE with a buy rating and raises their CNNE price target from $31.00 to $32.00, on Nov 10, 2022.
You can dig deeper into what analysts are projecting on the Cannae Holdings stock forecast page.
CNNE Technical Indicators
CNNE Growth Metrics
Last year, CNNE revenue was $662.10M. Over the past 5 year, CNNE's revenue has increased by -10.56% per year. This was slower than the Restaurants industry average of 8.12%.
Dive into CNNE's earnings and revenue performance here.
What are CNNE insiders up to?
In the past year, executives and large shareholders at CNNE have bought more shares than they have sold.
Ryan R. Caswell, President of CNNE, was the latest CNNE insider to buy. They bought $2,999,992.16 worth of CNNE shares on Mar 15, 2023.
Learn more about who owns CNNE shares here.
Can I get consistent income from CNNE stock?
No, Cannae Holdings doesn't provide an income stream by paying out dividends.
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Step 5: Make your CNNE purchase
There are two primary order types:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are usually sufficient. - Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
If you want to ensure you're buying or selling at a specific dollar amount, place a limit order.
Hit the Open button and your broker will place the order.
If you require additional info about buying stocks on eToro, watch the how to video below:
Step 6: Get notifications regarding your CNNE investment
Now that you own some CNNE stock, you'll want to keep up with your new stock purchase.
Create a watchlist to track your CNNE stock.
CNNE Feed
How to Buy Stock in Cannae Holdings
To reiterate, here are the 6 steps for buying Cannae Holdings stock:
- Figure out where to buy Cannae Holdings stock
- Open a brokerage account
- Fund your investment account
- Research Cannae Holdings stock
- Make your CNNE purchase
- Get notifications regarding your CNNE investment
If you need a online brokerage, eToro is our recommended venue.
Get Started with eToro TodayIf you want to get updates on your new investment in Cannae Holdings, add CNNE to your watchlist below.
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