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 $19.73, up 0.61% from the previous day, and has increased 3.84% in one year. It has underperformed other stocks in the Restaurants industry by 0.26 percentage points. Cannae Holdings stock is currently +23.85% from its 52-week low of $15.93, and -14.18% from its 52-week high of $22.99.
At the moment, there are 72.48M shares of CNNE outstanding. The market value of CNNE is $1.43B. In the last 24 hours, 392,998 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.
Our favorite brokerage: eToro
In our opinion, eToro is the best brokerage. eToro gives you:
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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.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal info to start a new brokerage account.
- Submit your information by pressing the "Create Account" button. Get started with eToro today
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 0.62x, relative to Restaurants industry P/B ratio of -405.59x
You can do additional valuation research on CNNE's stock here.
A quick look at CNNE Financials
Passed Financial Due Diligence Checks:
- CNNE has $121.80M in cash and short term investments. This is enough to cover its annual cash burn of $90.50M.
- Total CNNE debt is lower than 5 years ago, relative to shareholder equity.
- There are more short-term assets than short-term liabilities on the CNNE balance sheet.
- CNNE has a low debt to equity ratio of 0.16.
- CNNE has cash burn of 90500000. It has sufficient cash and short-term investments to cover this for at least one year.
Failed Financial Due Diligence Checks:
- CNNE profit margin has gone up by 0.1 percentage points in the past year, but the company is still unprofitable.
- There are more long-term liabilities than short-term assets on the CNNE balance sheet.
Is CNNE stock a Buy, Hold, or Sell, according to analysts?
Out of 3 sell side analysts who track CNNE, the consensus analyst rating on CNNE is a Strong Buy
It's important to note that analyst forecasts are not recommendations, nor are they financial advice.
You can dive deeper into what analysts are forecasting on the Cannae Holdings stock forecast page.
Metrics for Advanced CNNE Traders
Is CNNE Making Money?
Last year, CNNE revenue was $570.00M. In the last five year, CNNE's revenue has gone up by -13.06% per year. This was slower than the Restaurants industry average of 8.77%.
Dive into CNNE's earnings and revenue performance here.
Are CNNE executives and large shareholders buying or selling the stock?
In the past 12 months, insiders at CNNE have sold more shares than they have bought.
Richard N. Massey, Chief Executive Officer of CNNE, was the latest CNNE insider to sell. They sold $588,900.00 worth of CNNE shares on Apr 17, 2024.
Research more about who owns CNNE stock here.
Can I get consistent income from CNNE stock?
No, Cannae Holdings doesn't provide an income stream by paying out dividends.
Get analysis from other investors
One of the reasons eToro is our favorite brokerage is because of its social trading community.
Click below to see what other investors have to say.
Step 5: Make your CNNE purchase
You have two main types of orders:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are generally fine for most investors. - Limit order: A limit order is an order to buy or sell a stock at a specific price (or better).
If you want to be certain you're buying or selling at an exact price, use a limit order.
Click the Open button and eToro will place your order.
If you want additional info about investing in 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 stay up-to-date on your shares.
Make 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 are looking for a brokerage, eToro is our favorite venue.
Get Started with eToro TodayIf you would like to get the latest news on your new investment in Cannae Holdings, add CNNE to your watchlist below.
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