Are You Considering Carnival Corporation & plc (CUK) As Part Of Your Portfolio?

The stock of Carnival Corporation & plc (NYSE:CUK) increased by $0.02 on Tuesday to finish at $8.76, up 0.23 percent. The last five days have seen an average of 4,093,940 shares of common stock traded. 5 times new highs were reached in the current year, with a fall of -$9.73. The average number of shares traded over the last 20 days was 3,184,960, while the average volume over the last 50 days totaled 2,959,118.

CUK stock dropped -30.75% since last month. On 06/16/22, the company’s shares reached a one-month low of $7.95. The stock touched a high of $25.36 on 02/10/22, after rallying from a low of $7.95 in 52 weeks. The price of CUK stock has declined by -52.62% or -$9.73 this year, reaching a new high 5 times. Still, the stock price is down -65.46% from the 52-week high.

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Insider Transactions

There have been 28 days since Carnival Corporation & plc (CUK) last reported insider trading activity on May 25. On May 25, Director WEISENBURGER RANDALL J acquired 100,000 shares at $11.76 each. This transaction resulted in the insider spending $1,175,500. On Apr 14, PARKER SIR JOHN sold 7,048 shares at a price of US$17.81. After the transaction, the insider now owns 0 shares. Group CEO – Costa Crociere Thamm Michael Olaf had earlier sold 3,841 shares on Feb 15 for $20.62 a share. The transaction was completed for $79,195.

Valuation Metrics

Beta for the stock is 2.15. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 2.81, the price-to-book (PB) ratio of 0.97.

Company paid $0.50 per share in dividends, remained unchanged from $0.50 last year.

Financial Health

For the recent quarter, Carnival Corporation & plc’s quick ratio was 0.70, while its current ratio was 0.70, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the recent quarter is 2.90, and the total debt to equity ratio is 3.38. As far as profitability goes, gross margin for the trailing twelve months is -58.40% percent. Based on annual data, it had gross profit of -$2.15 billion and revenue of $1.91 billion.

Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. CUK’s return on assets (ROA) during the last 12 months has been -17.50%. There was a -17.10% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -68.30%.

Earnings Surprise

A higher net income was reported in the quarter under review than the previous quarter. EBITDA was -$893.0 million for the quarter. At the end of Carnival Corporation & plc’s most recent quarter, its liabilities totaled 42.97 billion, while its total debt was $36.23 billion. Equity owned by shareholders amounts to $1.18 billion.

Technical Picture

Here’s a quick look at Carnival Corporation & plc’s (CUK) price momentum from a technical perspective. As of 21 June, the RSI 9-day stood at 30.95%, suggesting the stock is Neutral, with a 109.87% historical volatility rate.

The stochastic %K and %D were 15.52% and 11.51% respectively, while the average true range (ATR) was 0.76. Based on the 14-day stochastic reading of 15.78%, the RSI (14) reading is 31.56%. On the 9-day MACD Oscillator, the stock is at -0.97, and the 14-day reading is at -2.14.

Analyst Ratings

In its most recent analyst report, Berenberg raised its rating on Carnival Corporation & plc (NYSE: CUK) to a Hold. Prior to this, analysts firm rated the stock as a Sell. Analysts have assigned Carnival Corporation & plc (CUK) an Hold rating. CUK is a stock that is recommended for selling by 4 brokerage firms, while 10 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 7 others recommend it as a buy.

What is CUK’s price target for the next 12 months?

The current consensus forecast for the stock is between $7.70 and $38.00, with a median target price of $20.00. In analyzing these forecasts, the average price target given by analysts for Carnival Corporation & plc (CUK) is $19.71.


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