Last Week, Carnival Corporation & plc (CUK) Recorded A Gain Of $50.68

As of Friday close, Carnival Corporation & plc’s (NYSE:CUK) stock was up $0.95, moving up 7.69 percent to $13.31. The average number of shares traded per day over the past five days has been 3,906,040 shares. 1 time new highs have been achieved over the past 5 days, with a -$1.33 fall in that time frame. In the last twenty days, the average volume was 2,919,240, while in the previous 50 days, it was 3,085,066.

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Since last month, CUK stock retreated -25.48%. Shares of the company fell to $11.93 on 05/12/22, the lowest level in the past month. A 52-week high of $27.31 was reached on 02/10/22 after having rallying from a 52-week low of $11.93. Since the beginning of this year, CUK’s stock price has dropped by -28.02% or -$5.18, and marked a new high 5 times. However, the stock has declined by -51.26% since its 52-week high.

Carnival Corporation & plc (CUK) last reported insider trading activity 30 days ago on Apr 14. PARKER SIR JOHN, the Director of the company, disposed of 7,048 shares for $17.81 on Apr 14. It resulted in a $125,548 divestment by the insider. Thamm Michael Olaf sold 3,841 shares at an average price of $20.62 on Feb 15. The insider now owns 205,465 shares following the transaction. On Jan 28, President & CEO DONALD ARNOLD W sold 95,796 shares at $19.08 apiece. The transaction was valued at $1,827,970.

Valuation Metrics

The stock’s beta is 2.05. Besides these, the trailing price-to-sales (P/S) ratio of 4.84, the price-to-book (PB) ratio of 1.47.

The latest dividend of $0.50 per share was paid out, remained unchanged from last year’s $0.50.

Financial Health

In the recent quarter, Carnival Corporation & plc’s quick ratio stood at 0.70, while its current ratio was 0.70, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the recent quarter was 2.90, and the total debt-to-equity ratio was 3.38. On the profitability front, the trailing twelve-month gross margin is -58.40% percent. Based on annual data, CUK earned -$2.15 billion in gross profit and brought in $1.91 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -17.10%. Return on equity (ROE) for the past 12 months was -68.30%.

According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. During the quarter, the company generated -$893.0 million in EBITDA. The liabilities of Carnival Corporation & plc were 42.97 billion at the end of its most recent quarter, and its total debt was $32.65 billion. The value of shareholders’ equity is $1.18 billion.

Technical Picture

This quick technical analysis looks at Carnival Corporation & plc’s (CUK) price momentum. With a historical volatility rate of 83.58%, the RSI 9-day stood at 32.91% on 13 May.

With respect to its five-day moving average, the current Carnival Corporation & plc price is down by -9.08% percent or -$1.33. At present, CUK shares trade -26.18% below its 20-day simple moving average and -22.75% percent below its 100-day simple moving average. However, the stock is currently trading approximately -21.38% below its SMA50 and -36.04% below its SMA200.

Stochastic coefficient K was 11.50% and Stochastic coefficient D was 6.17%, while ATR was 0.99. Given the Stochastic reading of 26.09% for the 14-day period, the RSI (14) reading has been calculated as 33.68%. As of today, the MACD Oscillator reading stands at -1.32, while the 14-day reading stands at -1.99.

Analyst Ratings

Berenberg upgraded its rating on Carnival Corporation & plc (NYSE: CUK) to a Hold in a note to investors on July 14, 2021. The analysts firm previously had a Sell rating on the stock.Carnival Corporation & plc (CUK) has been rated Hold by analysts. According to 3 brokerage firms, CUK is a sell, and 10 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Carnival Corporation & plc stock as buy, with 6 recommending it as overweight.

With a median target price of $21.90, the current consensus forecast for the stock is $17.00 – $38.00. Based on these forecasts, analysts predict Carnival Corporation & plc (CUK) will achieve an average price target of $22.65.


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